Repay Facility
You can create a payment order for transferring the funds from an account to a facility arrangement account to repay the facility amount.
-
Create the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
-
Create the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
Repay Facility
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
Disburse Loan
Loan disbursements refer to the drawdown of the loan principal, which can be in a single disbursement or tranches. The proceeds of the disbursal can be channelized into a customer or customer-authorised account available within the bank or externally. In the former case, loan disbursements can be automatic (using a settlement account) or manual. In the latter case, funds can be transferred to another bank using clearing and other payment mechanisms.
Loan Disbursement
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
Repay Loan
You can create a payment order to move funds from a loan account to a funding account by specifying the details such as currency, debit amount, initiation type, credit account, and so on.
Repay Loan
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
-
Create a simulation for loan product with details like customer identifier, currency, etc.
Direct Debit
You can link between a financial institution, or payee, and a drawdown account to facilitate the automatic collection of funds through direct debit.
-
Link the direct debit to an existing drawing under a facility
Payoff Loan
Loan payoff is the pre-closure of a loan in a single payment before the actual maturity of the loan tenure. Payoff can also be called foreclosure, early closure, or early settlement of a loan account. Loan payoff involves functions like a simulation of the outstanding amount payable and a distinct function for payoff loans based on the simulation.
Prepay loan
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
Settle payoff
POSTCreate the payment order in Transact for various scenarios like loan disbursement, merchant fee processing, prepay and loan repayment
Pay off simulation
POSTCreate a simulation payoff activity for loan product with product id details
Capture Merge or Split
You can split a facility into two or more facilities or merge two or more facilities into a single facility.
-
API for the creation and management of credit agreements for corporate customers. The types of credit agreements are single level facility, credit agreement with multiple facilities, club loans with agency and syndicated loans