Overview
A drawdown refers to the accessing of credit funds gradually. As part of adding a drawdown , you need to capture loan facility details, disbursement details, interest slab details, interest calculation details, and TDS information. Once done, the drawdown will be added.
The following step-by-step instructions describe the process.
Adding Drawdown to a Loan Facility
1. On the Side Panel of Finvisage application, click Liabilities, and then click Loan Facility from the drop-down menu.
The Loan Facility page is displayed.
2. On the Loan Facility page, click the ROC Reference Number corresponding to the required loan facility.
3. on the Loan Facility page, in the Drawdown section, click the Menu button, and then again click Add Drawdown from the displayed menu. See the image below.
The Loan Facility Details page is displayed.
4. On the Loan Facility Details page, enter the loan details.
Note:
1. Fields marked with asterisk are mandatory.
2. Refer to the below table for the field description.
| Field | Description |
| External ID | In this field, enter the External ID. Tip: You can enter any number of your choice as an external ID, which is used for identification purpose. |
| Principal | In this field, enter the ledger ID. |
| Value Date | In this field, the value date is displayed by default. If required, you can change it. |
| End Date | In this field, the end date is displayed by default. If required, you can change it. |
| Tenure | In this field, the tenure is auto populated. |
| Moratorium Period | In this field, enter the moratorium period in months. |
| Pull/Call | From this drop-down box, select Put or Call. |
| Prepayment Allowed | From this drop-down box, select Yes or No. |
| Prepayment Penalty | In this field, enter the prepayment penalty. |
| Lock in Period | In this field, enter the lock in period. |
| Loan Amount | In this field, enter the loan amount. |
| Operating Account | In this field, enter the loan account number. |
| Use Reset | From this drop-down box, select Yes or No. |
5. After entering the loan details, in the Default Payment Settings section, select the operating account and payment account.
6. In the Disbursement section, click the New Disbursement button.
The disbursement fields are displayed.
7. In the disbursement fields, enter the value date, transaction date, disbursement amount, disbursement type, and remarks.
Note:
- To add more more disbursements click the New Disbursement button.
- To remove a disbursement click the Remove button.
8. In the New Interest Rate Slab section, click the New Interest Rate Slab button.
The interest rate slab fields are displayed.
9. In the Interest Rate Slab fields, enter the start date, end date, interest type, interest benchmark, and interest spread.
10. In the TDS Slabs section, click the New TDS Slab button, and then enter the TDS.
11. In the Cover section, enter the primary security, secondary security, personal guarantee, personal guarantee fee, and corporate guarantee fee.
11. In the Additional Info section, enter the additional information.
12. Click the Create button.
The drawdown is added.