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The system derives the first change date by adding the Frequency unit to the value date
Emi Frequency
Specify the frequency in which the EMI of the customer will change.
Minimum EMI
Specify the minimum EMI amount for the customer. If the result of the derived EMI is below the
'Minimum EMI' specified here, the system sets the EMI for the customer to the Minimum EMI
amount.
Maximum EMI
Specify the maximum EMI amount for the customer. If the result of the derived EMI is above the
'Maximum EMI' specified here, the system sets the EMI for the customer to the Maximum EMI
amount.
Base End Date
Specify the date beyond which the EMI Change (EMIC) will not be processed. Alternatively, you
can also select the date from the calendar button.
Collateral Taken Over
This check box is checked if the collateral linked is been taken over. Click 'Takeover Details'
button to view details of the takeover.
You can view the following details in this screen:
 Collateral Code – The system displays the collateral code.
 Amount Settled – The system displays the amount settled.
 Date of Take Over – The system displays the taken over date.
 Branch Code – The system displays the branch code.
 Account Number- The system displays the account number.
 Taken over reference – The system displays the taken over reference number.
 Event Sequence Number – The system displays the event sequence number of MLIQ
event fired during takeover process.
Effective Date
This field is used to capture the date from which the % interest split among co-applicants of the
loan will be taken into consideration. During the initiation of the loan, the value date of the loan
will be defaulted as the effective date. During VAMI, the same effective date will be retained, you
can however edit it.
The effective date cannot be a date prior to the loan initiation date. It is also necessary that
there is one record for the initiation date. The effective date for all the applicants is the same.
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