This service domain handles the fulfillment of a consumer loan product. This includes the initial set-up of the loan facility and the completion of scheduled and ad-hoc product processing tasks
Examples of Use
A consumer customer applies for and gets a loan to purchase new furniture.
The consumer loan product may include different properties/features depending on a bank’s preferences and policies. The loan is targeted at consumer customer and may be associated with a type of product and may or may not be secured by collateral.
Related Business Scenarios
Core Business Object
- Set-up a consumer loan facility
- Handle deposits and withdrawals
- Provide statements and assessment reports on the loan
- Support loan restructuring