Loan Application API

What is the purpose of the Loan Application API?
The Loan Application API is used to complete an eligibility test against an applicant and initiate the loan disbursement process through a fully managed lending UI.
What information does the Loan Application API return if the customer is eligible for a loan?
If the customer is eligible for a loan, the API returns a pre-approved amount and a URL where the user is redirected. This URL is where Decentro manages complex KYC flows and completes the KYC of the user.
What happens if the requested loan amount is not provided in the request?
If the requested loan amount is not provided in the request, the lending UI will terminate after completing KYC eligibility.

Get Loan Status API

What is the purpose of the Get Loan Status API?
The Get Loan Status API helps you keep track of the loan session that happens on the loan application UI. It accepts the transaction URN received in the response of the Loan Application API.
What kind of information does the Get Loan Status API provide during the different stages of the loan application?
During all steps of the loan application, the Get Status API provides information such as eligibility check details, consumer information, KYC status, and the current stage.
What information does the Get Status API provide during the last step of the loan application when the user has confirmed a facility?
During the last step of the loan application, the Get Status API provides information about the confirmed facility, including its URN, amount, and EMI count.