Create Loan

Use the Create Loan endpoint to create a loan offering for a customer. Loan subproducts are configured for your installment loans product and are assigned a subproduct ID. Ensure you have the required customer data to create a loan.

For optional parameters, do not pass an empty string or null value.

The table below lists status codes that apply to this specific endpoint.
See Global Response Statuses for status codes that are common across endpoints.

Status CodeCode Description
1201-01The subProductId is invalid or does not exist.
1201-02This SSN already exists
1201-03The loan amount exceeds the maximum allowed loan amount configured for this subproduct
1201-04The loan amount is less than the minimum allowed loan amount configured for this subproduct
1201-05The state is invalid
1201-06The loan term is greater than the maximum configured
1201-07The loan term is less than the minimum configured
1201-08The loan term entered must be between 0 and 9999
1201-09First name, last name, or date of birth may not be set for this customer PRN.
1201-10The total loan term is more than the maximum allowable limit, please validate the capital term or loan term values.
1201-11The total loan term is less than the minimum allowable limit, please validate the capital term or loan term values.
1201-12The loan APR cannot exceed 36%.
1201-13Since 1st Installment Due Date was provided while simulating a loan, the loan should be created on the same day as loan simulation.
1201-14The simulationId is invalid or it does not exist.
1201-15Disbursement destination PRN cannot be used along with disbursement destination type as EXTERNAL
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