Create Loan Account
A loan account application can be created by using this endpoint.Field Description
| Field | Description | Type |
|---|---|---|
| clientId | The client submitting a loan application. | Integer |
| productId | Desccribes the Identifier of the loan product associated with the loan application. The loan application inherits some of the information from its associated loan product. | Integer |
| principal | The loan amount to be disbursed to through loan. | Integer |
| duration | The loan term period to use. e.g. 10,12 | Integer |
| durationBy | Describes the type of duration cycle to be used for the loan. Available values include: [Month, Year] | String |
| loanType | To represent different type of loans. At present there are three type of loans are supported. Available loan types: individual: Loan given to individual member. group: Loan given to group as a whole. jlg: Joint liability group loan given to members in a group on individual basis. JLG loan can be given to one or more members in a group. | String |
| numberOfRepayments | This is the number of installments to repay. e.g 1 (repayments) every 12 months. | Integer |
| repaymentEvery | This is used like numberOfRepayments e.g 1 (repayments) every 1 month. | Integer |
| repaymentFrequency | This describes the frequency of payments for the loan. Available options include: [Monthly, Yearly] | String |
| interestRate | This describes the rate of interest calculated on the principal amount of the loan. | Integer |
| interestType | Describes the type of interest calculated on the loan. Examples include: fiat, declining, e.t.c. | String. |
| linkDepositAccountId | Describes the Identifier of the savings account to be linked to the loan account. | Integer |
| expectedDisbursementDate | The proposed disbursement date of the loan so a proposed repayment schedule can be provided. | String |
| createdDate | The date the loan application was submitted by applicant. | String |
| dateFormat | The default date format on WoodCore “dd MMMM yyyy” | String |
| locale | ”en” by default | String |
Parameters
- woodcoretenant (header, string, required: False): Example:
default
Authorizations
Bearer authentication header of the form Bearer <token>, where <token> is your auth token.
Body
Example:
1092
Example:
"15 Mar 2022"
Example:
12
Example:
"Month"
Example:
"15 Mar 2022"
Example:
5
Example:
"Flat"
Example:
454
Example:
"individual"
Example:
12
Example:
100000
Example:
1
Example:
1
Example:
"Monthly"
Response
200 - application/json
ddddd
The response is of type object.