Loan Rate Inquiry
| Screen ID: | IRATE4-01 | 
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| Screen Title: | Loan Category Interest Rates | |
| Panel ID: | 419 | |
| Tool Number: | n/a | |
| Click here to magnify |
This screen appears when you choose “Loan Rate Inquiry” from the initial Rate Inquiry screen.
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Check out the video related to this topic: Rate Inquiry (More videos below!) |
Helpful Resources
Learn how to quote a loan rate and complete other tasks related to member inquiries.
Screen Overview
This screen displays the latest interest rates for a credit union's loan products. This screen takes the place of the typical “quote sheet” used to give members the latest rates for all types of loans.
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Products for this inquiry are entered using the Loan Product Configuration (Tool #470). Rates are maintained using Member Rate Maintenance (Tool #506).
Remember that loan products are configured with a single “base” rate, then any other rates used for this inquiry, for online banking, or in the Loan Quoter are entered as a variant (either plus or minus) calculated off the base rate. This screen shows all three so that you can see how the rate is calculated:
Base Rate + or - the Variant = the Offered Rate
The Offered Rate (in blue text) is the rate you will quote to members inquiring about your loan rates. Depending on your configuration, you will generally state the rate is “as low as” the offered rate. (Remember that some products will use risk-based pricing which is then contingent on the member's credit score.)
Other things you can do on this screen:
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To view credit union-defined procedures for a particular product, click the Procedures button
next to that product description. -
To view credit union-defined marketing tips for a particular product, click the Marketing button
next to that product
description. -
To see the rate being offered to members in online banking (for products that are configured to display in online banking), click the lookup button next to the Online Banking code
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To see only products being offered to members online through online banking, click Online Banking (F11). (Click Show All (F11) to return to the full list.) The number in the Online Banking column indicates the position of the product on the rate board that the member sees in online banking.
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To see only products that are under a certain loan category code, click the Loan Category button
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A window will appear; select the desired loan category and click Select
to return to this screen and view all products that belong to that
category. (Click Show All
to return to the full list.) -
To view a rate history listing for this loan product, click History (F16).
Additional Video Resources
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Check out these additional video resources! |