Create SMB Loan

Use the Create SMB Loan endpoint to create a small and midsize business (SMB) installment loan 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
1208-01The subProductId is invalid or does not exist.
1208-02The loan amount exceeds the maximum allowed loan amount configured for this subproduct.
1208-03The loan amount is less than the minimum allowed loan amount configured for this subproduct.
1208-04The state is invalid.
1208-05The loan term is greater than the maximum configured.
1208-06The loan term is less than the minimum configured.
1208-07The loan term entered must be between 0 and 9999.
1208-08The total loan term is more than the maximum allowable limit, please validate the capital term or loan term values.
1208-09The total loan term is less than the minimum allowable limit, please validate the capital term or loan term values.
1208-10The simulationId is invalid or it does not exist.
1208-11Disbursement destination PRN cannot be used along with disbursement destination type as EXTERNAL
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