The Modeling option helps you to analyze your loan/deposit requirement and the liability/interest you would incur/benefit. From a list of the various products available, you can model the loan/deposit based on the product schemes and approach the bank with a better idea. You can view the entire schedule for the loan/deposit and decide on the one most suitable.

Loan Modeling allows you to calculate one parameter pertaining to the loan if the other three are known. For example, if you enter the loan amount required, the payback period and the balloon amount, then the system will display the installment amount. Similarly, if you enter the installment amount you want to pay, the payback frequency and period, the system will display the loan amount available to you for the specified criteria.

Deposit Modeling allows you to calculate one parameter pertaining to the deposit if the other two are known. For example, if you enter the deposit amount and the maturity amount, the system will calculate the term of the deposit.

Click Modeling in the application menu bar. The Modeling menu and the main Modeling screen is displayed. The other functions that can be carried out from this screen are:

Figure 1: Modelling Menu Page

Loan Modeling

Loan Modeling allows you to calculate one parameter of the loan if the other three are known. For example, if you specify the loan amount required, the payback period and the balloon amount, then the system will display the installment amount. Similarly, if you specify the installment amount you want to pay, the payback frequency and period, the system will display the loan amount available to you for the specified criteria.

Click on Loan Modeling in the Modeling screen. Select one of the following options:

Scheme Based Modeling

Account Based Modeling

Figure 3: Load Modelling Page

Deposit Modeling

Deposit Modeling allows you to calculate one parameter of the deposit, if the other two are known. For example, if you enter the deposit amount and the maturity amount, the system will calculate the term of the deposit.

Click on Deposit Modeling in the Modeling screen. Select one of the following options:

Scheme Based Modeling

Account Based Modeling

Figure 3: Deposit Modelling Page