Loan Against Mutual Funds

This section is for Mutual Funds by MFCentral. The user can identify as well as pledge their assets using the following APIs.

Invoke and Revoke APIs are also part of this section using which the lender can either invoke or revoke the user's assets.

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MFCentral user flow

The APIs need to be called in the following order:

  1. Get OTP: The user first needs to give consent by generating the OTP. You can find this API here.
  2. Validate OTP: The user needs to validate the OTP received on their email when the previous API was called. You can find this API here.
  3. Get Mutual Funds: This API is called to fetch the details of the mutual funds after the OTP has been validated. You can find this API here.
  4. Validate Funds: The user needs to call this API which generates another OTP for verification. You can find this API here.
  5. Pledge OTP: The user needs to again call this API (this is the same as 2nd API) and validate the OTP received on their email which was generated when the previous API was called. The assets will be pledged once the OTP is validated. You can find this API here.
  6. Check Transaction Status: This API is called to know the status of the transaction whether the validation of OTP was successful or not. Next API to pledge the mutual funds should be called only after calling this API. You can find this API here.