Common Mistakes

General

Preview Loans Before Creation
Both of our loan products offer a preview loan API (One-time, revolving) which works just like the actual application API. We recommend using the call to generate a loan preview for the user and to check everything is in order before the real loan is created. You can also show a preview of the loan agreement to the end user (link found in payload).

One-Time Loans

Not Providing a Valid Disbursement Node When the Loan Is Created
Our one-time loans are issued as a CREDIT only node, which prevents funds from being withdrawn from them. The sole exception will be at the point of loan creation. Moment at which a disbursement_node_id is included in the request. If no disbursement_node_id is named, the loan cannot be created, if an invalid node is supplied and for some reason the loan application is accepted please Deactivate the One-Time Loan.

(Optional / For Improved User Experience) Not Changing AutoPayment Date

Please be aware that if a user makes an early payment on a loan that has AutoPay enabled, an AutoPayment will still occur. If you wish to avoid such back-to-back payments in the same month, please shift the next AutoPayment date to the following month. Please refer here for more information.