Cancellation

Loan Action Cancellation

The Synofin API's Loan Cancellation Action is linked to various cancellations that a user may initiate in accordance with their requirements.

These cancellations may be made using this api:

1. Loan Cancellation
2. Receipt Cancellation
3. Payment Cancellation
4. Rescheduling Cancellation
5. Adhoc Cancellation
6. Foreclosure Cancellation

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GET Cancellation

This API is used for retrieving all the cancellation details for the specified Loan Id. 

URL: {{base_url}}/loan-management/v1/service-request/status

Request

Key	Data Type	Value
request*	String	Fixed = cancellation
loanId*	Integer	-

Response: 200

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Fetch Charges and Data for Cancellation

Upon fetching the SynoFin Cancellation API. The user can choose the cancellation they must carry out in order to fulfil their demand at this point. 
Consequently, we use following APIs to retrieve the Data and Charges for the selected cancellation for the specified Loan Id.

1. Loan Cancellation

2. Receipt Cancellation

3. Payment Cancellation

4. Rescheduling Cancellation

5. Adhoc Cancellation

6. Foreclosure Cancellation

 

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Creating Request for Loan Cancellation

These are the APIs that are used to save loan cancellations or initiate service requests initiated by maker so that the checker can review them and then determine what they want to accomplish and either Approve or Reject the Request.

Consequently, we use following APIs to save or intiated the Loan Cancellation for the selected cancellation for the specified Loan Id.

1. Loan Cancellation

2. Receipt Cancellation

3. Payment Cancellation

4. Rescheduling Cancellation

5. Adhoc Cancellation

6. Foreclosure Cancellation