Loan Object BODY PARAMETERS:

loanId
lendingRequestId (optional)
Account Object an account which a Lending Provider sends loan funds to
customerId used in the Toqio system to identify a Customer
merchantId used in the Toqio system to identify a Merchant
productType currently limited to “SHORT_TERM_LOAN” and “CASH_ADVANCE”
providerName name of the Lending Provider
currency currency the loan will be in
fundingDate funding date
loanStatus loan status: pending to be funded, funded, repaid, in default
currentAmount the outstanding amount yet to be repaid
maturityDate the maturity date by which the loan needs to be repaid - APPLICABLE FOR “SHORT_TERM_LOAN” ONLY
interestRate amount in % - APPLICABLE FOR “SHORT_TERM_LOAN” ONLY
monthlyRepayment the amount which needs to be paid monthly until the original amount is reached in full- APPLICABLE FOR “SHORT_TERM_LOAN” ONLY
fundedAmount the funded amount (the amount that the merchant borrowed)
rateType currently limited to fixed rate only
originalAmount the original amount (the amount that the merchant borrowed plus the fee Lender charged. i.e. the total amount that the merchant needs to repay)
repaymentTerms object(APPLICABLE FOR “CASH_ADVANCE” ONLY):
- "basisPoints" the repayment that is deducted daily from incoming net volume;
- "estimatedDays" the estimated term for repaying the loan, in days;
- "Threshold amount” the 30-day repayment threshold, i.e the amount to be repaid within each 30 days
- “ Started at” the starting day of repayment
Currently reached Threshold amount how much is reached for the currently targeted 30 days threshold amount -APPLICABLE FOR “CASH_ADVANCE” ONLY
currentAmountAtRepay the Current Amount at the time of full loan repayment, if applicable
aheadBehindValue how far ahead/behind the loan repayments are from the expected amount
aheadBehindPercentage how far ahead/behind the actual average payments are from the average expected payments as a percentage
currentAmountAtWriteOff the Current Amount at the time of loan write-off, if applicable
creditRatingScore Credit rating score assigned by Lender or Third-party provider (optional)