Approve Loan

post

https://api.cloud.mbanq.com/v1/loans/{loanIdForApprove}?command=approve

Purpose - Use this API to approve a loan. To do so, you must provide the specific Loan Id associated with the loan application you wish to approve. This ensures that the correct loan is identified and processed for approval.

Behaviour - A successful response from this API indicates that the specified loan was approved. Response includes all the changes to the loan status along with expected disbursement date.

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Path Params

loanIdForApprove

integer

required

Defaults to 16

The associated loan Id.

Query Params

command

string

Defaults to approve

In this case the command is always 'approve'.

Body Params

locale

string

required

Defaults to en

The locale of the client. 'en' will be passed as default.
Pattern: 'XX'
Example: 'en'

dateFormat

string

required

If the field 'approvedOnDate' is passed, then this parameter is mandatory. It specifies the dataformat, that's being used.
Pattern: 'XXX'
Example: 'dd MMMM yyyy'

approvedOnDate

string

required

The expected applicable date.The date format should be as per the format mentioned in the dateFormat parameter.
Pattern: 'XXX'
Example: '23 July 2023'

note

string

required

Any additional details.
Example: close note

expectedDisbursementDate

string

required

The expected date of disbursement
Example: 23 July 2023

disbursementData

array of objects

This object needs to be passed if the disbursement of the loan amount is in scheduled tranches

disbursementData

Headers

tenantId

string

required

Defaults to z01j3e71zd6zkq908vyf5861a8

The ID of your banking instance visible in the MBANQ Console.

Responses

Language

Credentials

Bearer

JWT

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Response

Click Try It! to start a request and see the response here! Or choose an example:

application/json

200The loan is successfully approved.

400The request fails if the loan Id is incorrect.