Loan Creation Application

Overview

To get loan creation application details you first build the complete loan creation application endpoint by passing version to the url path and authToken, mfbCode to the query params then make a post request to the complete URL

A successful request will return a 200 status code with the loan creation application details in the response body.

You can check out the API reference to get Loan Creation Application details.

Required Payload

NAME	STATUS	DESCRIPTION	TYPE
TransactionTrackingRef	Required	This is a unique tracking reference for the loan account.	string
LoanProductCode	Required	The product code for the loan product. Obtainable from Bankone Portal or API call.	Int
CustomerID	Required	The unique customer ID on Bankone.	Int
LinkedAccountNumber	Required	Customer's savings/current account where the loan will be disbursed.	string
CollateralDetails	Required	Description of the collateral being presented by the customer.	string
CollateralType	Required	Type of collateral being presented by the customer.	string
ComputationMode	Optional	0 = Variable loan (Fixed/Flat or Reducing loan repayment), 1 = EMI Loan.	Int
Tenure	Optional	Life span of the loan (in days).	Int
Moratorium	Required	Number of moratorium days.	Int
InterestAccrualCommencementDate	Required	Loan start date. The default is the current financial date.	Date
Amount	Optional	Loan amount to be disbursed.	Int
InterestRate	Required	Applicable interest rate (should be an annual rate).	Int
PrincipalPaymentFrequency	Required	0 = Daily, 1 = Weekly, 2 = Monthly, 3 = Quarterly, 4 = Annually, 5 = Bi-monthly.	Int
InterestPaymentFrequency	Required	0 = Daily, 1 = Weekly, 2 = Monthly, 3 = Quarterly, 4 = Annually, 5 = Bi-monthly.	Int

Expected Request

{
"TransactionTrackingRef": "string",
"LoanProductCode": "string",
"CustomerID": "string",
"LinkedAccountNumber": "string",
"CollateralDetails": "string",
"CollateralType": "string",
"ComputationMode": 0,
"Tenure": 0,
"Moratorium": 0,
"InterestAccrualCommencementDate": "2025-03-11T09:09:00.504Z",
"Amount": 0,
"InterestRate": 0,
"PrincipalPaymentFrequency": 0,
"InterestPaymentFrequency": 0,
"LoanFeeIDs": [
0
]

Expected Response

{
"IsSuccessful": true,
"CustomerIDInString":
null,
"Message": "Loan
Account has been created
successfully",

"TransactionTrackingRef":
"2437373637",
"Page": null

Call the endpoint twice after 20secs to retrieve loan account number