To submit a loan settlement request for corporate loans, follow these steps:
Step 1:
- Log in to iBusiness.
- Click on the Service tab.
- Click on the Digital Documentation option on the left side menu.
Step 2:
- Click on the dropdown arrow in the Product field.
- Select the product Corporate Loans from the product dropdown list.
Step 3:
- Click on the dropdown arrow in the Service field.
- Select Loan Settlement Request for Corporate Loans from the list of services in the dropdown.
Step 4:
- Provide details of loan number, amount to be settled, and account number for settlement in the Description field.
- Click on the link Upload Documents and attach documents, if any.
Step 5:
- Proceed to accept the Terms and Conditions and click INITIATE (extreme right of the screen)
- Click Submit
Step 6:
- Post Initiating the request, it will move to the Approvers queue for action.
- The Approver should log in to iBusiness and click on Queue Tab, and go to Pending your Authorizations on the left menu.
- The items pending action will be available under transaction type Digital Documentation.
- Approver can review the details of the request/documents uploaded and respond (Approve/Reject) to the request initiated.