Invoke Revoke Funds
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This API used for Revoking and Invoking activities from the lender side for the Loans according to their use case. Depending on the conditions such as errors, loan repayment, or breaches, the assets can be invoked or revoked:
For this API,
Input: Invoke or Revoke, for a particular user_id and order_id which is associated to the loans they have given in the first place.
Output: Confirmation of action taken (revoke/invoke).
Revoke Assets:
If there is an error, the loan is repaid, or there are issues in disbursement or prepayment, the assets can be revoked.
Invoke Assets:
If there is a Days Past Due (DPD) or a breach, the pledged assets can be invoked to secure the lender’s interest.
Input Type
| Input | Type | Description |
|---|---|---|
| finsire_id | string | A valid id generated during user creation |
| order_id | number | A valid order number that assigned while pledging |
| action | string | This indicates the type of action whether invoke or revoke. It is an enum and accepts two options: INVOKE and REVOKE |
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 |
| param is missing or the value is empty: action | action is a required field |
You can try out API here
Updated 3 days ago