Midterm Examination in Business Logic
Midterm Examination in Business Logic
Midterm Examination in Business Logic
Business Problem
Car loans : Client should have a gross salary or gross income of P600, 000
Home loan : Client should have a gross salary or gross income of P200, 000
Client X, a business owner that has a gross income of P50, 000 monthly wants to
apply for a car loan. Client X has a saving account balance of P6, 000.
Client Y, a 38 year old employee with a salary of P15, 000 monthly wants to
apply for a home loan. Client Y has a saving account balance of P6,000.
Business Logic (Declarative Solution)
Determine Client's
Eligibility for
Determine Client's Home loan
Eligibility for Car Customer Y
loan
Customer X
Eligibility Client's status
Customer Y Customer Y
Eligibility Client's Status
Process Process
Complete Complete
Assess gurantees,
P180k Annually collateral and other
security. Step 3: NEGOTIATION
Negotiate the terms of
Secured
loan
the loan with the
Customer Y Secured loan borrower.
Home Loan
Car Loan
Requirements
-Photocopy of one (1)
valid ID matching
application details (e.g.
Passport, Driver’s
License, SSS, PRC, Step 4: PROCESSING Step 5: APPROVING
OWWA ID, OFW ID,
and Seaman’s Book) Process the documents Approve the loan
For Foreigners, Alien related to the loan. transaction.
Certificate of
Registration with Work
Permit
Approved
Home Loan Requirements
- Completely filled-out application Customer X
form
-Photocopy of one (1) valid ID
matching application details,
-Acceptable IDs: Passport, Driver’s Declined
License, SSS, PRC, OWWA ID, Customer Y
OFW ID, Seaman’s Book
-Marriage contract, if applicable
Collateral Documents
• Photocopy
• Lot Plan with Vicinity Map
• Photocopy of Tax Declaration