Revoke
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This API is used to revoke the lien marked assets of the user.
Revocation
Conditions: Lenders can revoke the pledge under certain conditions, such as:
- Loan Repayment: Once the loan is fully repaid, the lender can revoke the lien on the mutual funds.
- Disbursement Issues: If there are problems in the disbursement of the loan amount, such as incorrect amounts or failed transactions.
- Prepayment: If the user chooses to prepay the loan, the lender can revoke the pledge once the prepayment is processed.
Process
The lender initiates the revocation process through the API, releasing the lien on the mutual funds and allowing the user full access to their assets.
For this API,
Input: Conditions for revoking and asset related details.
Output:Confirmation of revocation.
Input Type
| Input | Type | Description |
|---|---|---|
| finsire_id | string | A valid id generated during user creation |
| order_id | number | A valid order number that can be fetched from ordering assets API response |
| loan_disbursed | boolean | This indicates whether the loan was disbursed. It acts as a confirmation from stakeholders to know if the loan was disbursed |
| loan_completion | boolean | This indicates whether the loan was repaid |
| user_notification_status | boolean | This indicates whether the user has been notified of the invoke and has given confirmation for the invoke to happen |
Common Error Scenarios
The following are the common error scenarios in sending an API request:
| Error | Description |
|---|---|
| param is missing or the value is empty: finsire_id | finsire_id is a required field |
| param is missing or the value is empty: order_id | order_id is a required field |
You can try out this API here.
Updated 5 months ago