Product Selection
In this step, the applicant is prompted with an array of maximum three products to choose from depending on their needs. For details, see the server automation script FTOS_BARET_FilterAvailableProductsAmountAndPeriod. The products were configured using Predefined Banking Products and they can be modified as needed to fit the product selection of any bank. From the list of five products exiting in the solution, only three products are displayed to the customer depending on the values selected previously: amount and period.
To change the maximum number of displayed products, navigate to the form FTOS_BARET_LoanSimulation, step Simulation > Advanced > After Events and in the code change the property
maxProductsDisplayed from 3 to the needed number in the array params.The applicant is presented with three loans. Each loan has its information displayed on a graphic card. The first product displayed is the recommendation made by the system based on what was inserted by the customer in the screen before, Simulation.
The middle section displays the products available. By clicking on the name, it highlights from white to purple and it displays a short presentation:
- interest rate
- interest type
- monthly payment
- total payment
- benefits.
Two buttons are available for each product:
- This is for me.
Click this button to select this product loan.
- See details.
Click this button to open the Details page.
By toggling the I want to wire my salary here, a discount is applied. See Predefined Banking Products for details on discounts.
| Banking Product | Value of the Discount |
|---|---|
| Smart | 1.5 |
| Savvy | 1 |
| Basic | 2 |
| Flexible | 1 |
| Classic | 1 |
To change the discount, access the Banking Product Factory > Banking Product Dimensions > Discounts > Discounts List, select Income Receiving Variable Interest or/ and Income Receiving.
To see more details about each product, click See details and the Details page is displayed. The additional page loads with the following information:
- Monthly installment
The sum of money paid each month by the customer to the lender at a specified date each calendar month. It contains the interest and a portion of the principal.
- Interest percent
The interest rate is the amount a lender charges a borrower and is a percentage of the principal.
- APR
It represents the cost a borrower pay each year to borrow a sum of money, including fees. It is expressed as a percentage.
- Monthly insurance cost
The price of the insurance paid monthly.
- Analysis Fee
The price for the analysis of the application.
- Monthly Fee
The price paid monthly.
- Total insurance costs
The price of the insurance.
- Total fees
The total price of the aggregated fees charged by the lender.
- Total repayment
The value of money the borrower has to give to the lender.
- a chart with the number of payments and the value left to pay after each installment.
In the Details page, there are three options available to read more about the loan:
- Download terms and conditions
This hyperlink automatically triggers the download on the local drive of the pdf with information about the terms & conditions of the loan.
- Download schedule.
This hyperlink automatically triggers the download on the local drive of the pdf with the information about the reimbursement of the loan: installment numbers, remaining value, interest principal, administration fee, analysis fee, life insurance, total installment.
- Download insurance details (applicable only for the banking product Predefined Banking Products).
This hyperlink automatically triggers the download on the local drive of the pdf with information about the loan.
From the See details page, there are the options to select the product by clicking This is for me or to return to the product selection by clicking Close window.
From the main product page, click on This is for me to select a product and continue to Contact Info.