Description

An organization can create multiple loan products depending upon various parameters to cater to a wide number of use cases like BNPL, Credit Card Journeys, Co-Lending, Anchor Financing, Embedded Journeys, Small Ticket Loans, OCEN, BNPL.

Headers

Request Body

{ "currencyCode":"USD", "includeInBorrowerCycle":"true", "useBorrowerCycle":true, "digitsAfterDecimal":"2", "inMultiplesOf":"0", "repaymentFrequencyType":0, "interestRateFrequencyType":2, "amortizationType":1, "interestType":0, "interestCalculationPeriodType":1, "transactionProcessingStrategyId":1, "principalVariationsForBorrowerCycle":[], "interestRateVariationsForBorrowerCycle":[], "numberOfRepaymentVariationsForBorrowerCycle":[ { "valueConditionType":2, "borrowerCycleNumber":"1", "minValue":"5", "defaultValue":"10", "maxValue":"15" }, { "valueConditionType":3, "borrowerCycleNumber":"1", "minValue":"7", "defaultValue":"15", "maxValue":"20" } ], "allowAttributeOverrides": { amortizationType : true, interestType : true, transactionProcessingStrategyId : false, interestCalculationPeriodType : true, inArrearsTolerance : false, repaymentEvery : true, graceOnPrincipalAndInterestPayment : true, graceOnArrearsAgeing : true }, "accountingRule":"2", "name":"product 5", "shortName":"prd5", "principal":"5000", "numberOfRepayments":"7", "repaymentEvery":"7", "interestRatePerPeriod":"5", "paymentChannelToFundSourceMappings":[], "feeToIncomeAccountMappings":[], "penaltyToIncomeAccountMappings":[], "charges":[], "overdueDaysForNPA":2, "dateFormat":"dd MMMM yyyy", "locale":"en", "fundSourceAccountId":1, "loanPortfolioAccountId":2, "transfersInSuspenseAccountId":3, "interestOnLoanAccountId":4, "incomeFromFeeAccountId":8, "incomeFromPenaltyAccountId":9, "writeOffAccountId":10, "overpaymentLiabilityAccountId":11, "daysInMonthType":1, "daysInYearType":1, "isInterestRecalculationEnabled":"false", "holdGuaranteeFunds":"false", "principalThresholdForLastInstallment":20 }

Response Body

{ "resourceId": 1 }