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
Manage Limits and Sublimits
A limit defined for a customer can be updated at the facility level.
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Allows update of credit limit for customer with information such as sanctioned amount, expiry date, review frequency of limit - Deprecated. Use holdings-creditLimits-service-v1.0.0 instead. New url- /holdings/creditLimits/limits/{limitId}/unsecuredLimits(updateUnsecuredLimits) or /holdings/creditLimits/limits/{limitId}/securedLimits(updateSecuredLimits) or /holdings/creditLimits/limits/{limitId}/limitAmounts(updateLimitAmounts)
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User should be able to update the sub limits based on the risk criterion. When restrictions and allocations are regulated based on the risk elements, borrower, currency and product (product, product group, and product line).