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Close Loan

Enables the completion and closure of loan accounts once the full amount is repaid or written off.

Credit

Lending

Transactions

Seamless Loan Closure with Final Settlement Management: Process loan closure with efficient final settlements, ensuring the account is archived accurately once fully paid. This feature is designed to finalize loan lifecycle stages neatly and efficiently.

APIs

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POST
Loan Close Repayment Application/v1/icredit/repayment_application
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POST
Loan Repayment Approval/v1/icredit/repayment_approve

Test APIs API Documentation

What's included

checkIncludes

Version: 1.0.0Last Updated: 21-11-2024

Related Features

Loan Product Management

Manages the creation and configuration of loan products.

Loan Application

Handles the submission and processing of loan applications.

Loan Account Management

Oversees the management of individual loan accounts.

Loan Interest Management

Manages interest rates and rules for loans.

Loan Disbursement

Processes and manages loan payouts to borrowers.

Loan Transaction Management

Tracks and manages all loan-related transactions.

Loan Interest Calculation

Automates the calculation of loan interest.

Loan Repayment Strategy Management

Manages strategies and rules for loan repayment.

Loan Repayment

Facilitates loan repayment processing.

Loan Write Off

Handles the write-off of non-recoverable loans.

Restructuring

Manages the restructuring of loan terms and conditions.

Cancel Transaction

Handles the cancellation of loan-related transactions.

Loan Report

Generates reports related to loan activities.

Collection Task Management

Manages the tasks associated with loan collection.