Digital Credit

1.0.0
Description

These APIs are offered to extend loan facility to Customers, through FinTech applications. The APIs enable automated loan account creation and loan disbursal capabilities which the FinTech applications can readily use to run their services, in a fully digitalized and integrated fashion.

APIs

    • Using the Loan Customer ID Creation API, a client application can create a new Customer ID to apply for a loan with the Bank. Along with stringent document verification process by the banker, this API ensures the following:

      1.Receive Loan Application

      2.Document Collection

      3.Document Verification Process

      4.Sanctioning of the Loan

      On receiving the loan application, the Bank initiates a document collection and verification process. For this, the bank requires identity proof, address proof, income proof documents and other vital information of the Customer. For verifying the documents

      REST
      Online

    • This API helps one to know the status of Loan Account creation request, with the help of a RequestID. It is a simple and hassle-free means for customers to check their Loan Account status. Using this method, the customer can check the loan status from anywhere. The response message contains details like Loan Account status, date/time of account creation, the availed loan amount etc.

      REST
      Online

    • Reserve Bank of India (RBI) has made it mandatory for Banks to conduct necessary checks before opening a new account to ensure that the identity of the customer does not match with any person with known criminal background or with banned entities such as terrorist individuals or terrorist organizations. As per extant RBI guidelines, Banks are required to ensure that before opening any new account, the proposed customer does not appear in the United Nations’ list under Security Council Resolutions (mainly 1267 and such others as may be specified by RBI from time to time) and the terrorist lists

      REST
      Online

    • The purpose of this API is to verify the PAN Number to validate Customers based on the customer data collected during the Account Opening process.

      REST
      Online

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Basic Plan

41 APIs including

  • Account_Statement_API 1.0.0
  • CustomerId_Creation_API 1.0.0
  • Fintech_Ddupe_Chk_API 1.0.0
  • Loan_Account_Creation_API 1.0.0
  • Loan_disbursal_appl_API 1.0.0

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