Retail Banking Lending Service

Loan Creation

Allows banks to create loan accounts for customers.

1
Get
Accounts

Retrieves the customer’s savings and current accounts.

2
Get
Customer Name

Retrieves customer details for the given customer ID.

3
Get
Consumer Loan Products

Retrieves the list of loan products for a loan product group/family.

4
Get
Product Interest Info

Retrieves the principal and penalty interest for the loan product.

5
Post
Consumer Loan

Creates a consumer loan for the chosen loan product.

Commitment

Loan commitment is the agreement by the bank to lend the customer a specified sum of money.

1
Get
Arrangement Balance

Retrieves the commitment details for the loan.

2
Put
Decrease Commitment

Decreases the commitment amount against any un-drawn principal of the loan.

3
Put
Increase Commitment

Increase the commitment amount by providing a topup amount.

Mandate

A mandate is the customer’s authorization for the bank to debit monthly payments from their account.

1
Put
DD Mandate

Creates a customer mandate.

Settlement Instructions

Allows banks to change the existing settlement instructions for the customer’s loan account.

1
Get
Pay In Mandate

Retrieves the list of available mandates of a customer.

2
Put
Change Settlement

Update the settlement instructions such as payin account or direct debit mandate of the customer loan.

3
Get
Accounts

Retrieves all the savings and current accounts of a customer.

4
Get
Settlement Details

Retrieves the payin and payout settlement account details of the loan arrangement.

Joint holder

Allows banks to add or remove parties to a joint account.

1
Get
Search Customer

Retrieves all the customer records in the system.

2
Get
Customer Roles

Retrieves all defined customer roles, such as Owner, Joint Owner or Guarantor.

3
Get
Loans

Retrieves all the loan account details of a customer.

4
Put
Add/Remove Party

Adds or removes a joint account holder of a consumer loan.

Disbursement

Disbursement is the payment of money from a fund. Banks can disburse the loan amount, in whole or in part, to a customer's account.

1
Get
Accounts

Retrieves the customer’s savings and current accounts.

2
Get
Arrangement balances

Retrieves the commitment details for the loan.

3
Get
Settlement Details

Retrieves the payin and payout settlement account details of the loan arrangement.

4
Get
PayOut Beneficiary

Retrieves the list of all beneficiaries of the consumer loan.

5
Post
Add Beneficiary

Creates a new beneficiary of the consumer loan.

6
Post
Loan Disbursement

Create Payment Order instruction for the transaction amount on a loan arrangement.

Repayments

Enables the customer to make partial or complete loan repayments.

1
Get
Bills Details

Retrieves information about the outstanding bill.

2
Get
Settlement Details

Retrieves the payin and payout settlement account details of the loan arrangement.

3
Post
Loan Repayment

Creates Payment Order instructions for the transaction amount on a loan arrangement.

Repayment Date

Banks can change the loan repayment date and the frequency of repayments for the customer.

1
Get
Loan Details

Retrieves details about the consumer loan.

2
Put
Change Repayment

Change the loan repayment date and frequency.

Payment Holiday

Payment holidays give customers a temporary break from regular loan repayments.

Tip: The following API workflow shows how to request a loan repayment holiday. Where the customer opts for a payment holiday for "n" number of months or weeks according to the repayment schedule, repayments are recalculated and the revised payment schedule is available for the customer immediately.

1
Get
Payment Schedule

Retrieves the repayment schedule for the consumer loan.

2
Get
Loan Details

Retrieves details about the consumer loan.

3
Post
Simulate Payment Holiday

Simulates the Payment Holiday schedule.

4
Put
Payment Holiday

Confirms the Payment Holiday for the consumer loan.

Charge-off

Allows banks to declare debt as a charge off when the customer fails to make a partial or full repayment beyond the defined grace period.

1
Get
Bills Details

Retrieves details of outstanding bills.

2
Put
Charge-Off

Charge off of a debt owed by a customer on a consumer loan.

3
Put
Partial Charge-off

Partial charge off of a debt owed by a customer on a consumer loan.

Write-off

Allows banks to write off some or all of the outstanding loan amount.

1
Get
Bills Details

Retrieves details of outstanding bills.

2
Put
Write off Balances

Writes off the balance of a consumer loan.

3
Put
Write-off

Writes off the consumer loan.

4
Put
Write off Bills

Writes off an outstanding bill.

Payoff

Allows the customer to pay off the entire sum of the loan before its maturity date.

1
Get
Bills Details

Retrieves information about the outstanding bill.

2
Get
Settlement Details

Retrieves the payin and payout settlement account details of the loan arrangement.

3
Put
Sim Loan Payoff

Simulates pay off for the entire sum of the loan.

4
Post
PayOff

Allows to create Payment Order instruction for the transaction amount on a loan arrangement.