Payment Details capture the key information of a payment such as amount, date, method, reference number and beneficiary. In the loan workflow, it keeps records consistent across sourcing, appraisal, approval, disbursement, servicing and audit trails. Although it may not decide credit quality by itself, it prevents confusion between borrower records, facilities, accounts and servicing actions. For example, an incorrect system value can route an application to the wrong queue, create reconciliation gaps or confuse downstream reporting. It matters because even a small data mismatch can break downstream reporting, account mapping, approval routing, servicing or reconciliation. The common caution is to treat the field as controlled data, with maker-checker validation where it affects customer records, limits, reports or compliance.