Loan Action: Fore Closure
POST Fore Closure
The SynoFin Foreclosure API endpoint enables users to initiate foreclosure processes for loans. This endpoint provides a convenient method for initiating foreclosure requests, specifying relevant details such as outstanding charges, closure type, and transaction dates.
URL: {{base_url}}/loan-modification/v1/service-request/save
Run in Postman: Create Disbursal Breakup
Request:
Query Params:
Attribute
| Attribute | Data Type | Description | Mandatory |
|---|---|---|---|
| service_request_type | string | Type of service request (foreclosure) | Yes |
| service_request_subtype | string | Subtype of service request(2) | No |
| loan_id | string | ID of the loan | Yes |
| balance_tenure | string | Remaining tenure of the loan | No |
| total_dues | number | Total outstanding dues on the loan | No |
| unrealized_receipt | string | Unrealized receipt amount | No |
| last_due_date | string | Date of the last due payment | No |
| closure_date | string | Date of foreclosure closure | Yes |
| interest_till_date | string | Date until which interest is calculated | Yes |
| loan_service_charge_rate | number | Rate of loan service charge | No |
| loan_service_charge_amount | number | Amount of loan service charge | No |
| refunds | number | Refund amount | No |
| interest_due | number | Due amount of interest | No |
| balance_principal | string | Remaining principal balance | No |
| principal_outstanding | number | Outstanding principal amount | Yes |
| excess_money | string | Excess money available | No |
| advance_installment | number | Advance installment amount | No |
| per_day_interest | number | Interest accrued per day | No |
| net_closure_amount | number | Net closure amount | No |
| lockin_period | number | Lock-in period duration | No |
| reason | string | Reason for foreclosure | Yes |
| closure_type | string | Type of closure (own fund) | Yes |
| waiver_users | string | Users eligible for waiver | No |
| uploadFile | string | File upload for documentation | No |
| total_waiver_amount | number | Total amount waived | No |
| is_write_off | boolean | Flag indicating if it's a write-off | No |
| write_off_amount | number | Amount to write off | No |
| settled_amount | number | Settled amount | No |
| outstanding_charges | array |
Array of outstanding charges |
No |
| remarks | string | Additional remarks | No |
| payment_on_hold_reason | string | Reason for holding payment | No |
| other_reason | string | Any other reason | No |
| total_waived_amount | number | Total amount waived | No |
| transaction_date | string | Date of the transaction | Yes |
| service_request_id | string | ID of the service request | No |
Outstanding Charge Details
| Attribute | Data Type | Description | Mandatory |
|---|---|---|---|
| charge_id | Integer | Unique identifier for the charge | Yes |
| charge_label | String | Label describing the charge | Yes |
| total_outstanding_amount | Double | Total outstanding amount (if applicable) | No |
| type | String | Type of charge (e.g., charges) | Yes |
| original_amount | Double | Original amount of the charge | Yes |
| charge_definition_id | Null | Identifier for charge definition (if applicable) | No |
| excess_money_id | Integer | Identifier for excess money (if applicable) | No |
| loan_id | Integer | Identifier for the loan (if applicable) | No |
| disbursal_schedule_id | integer | Identifier for disbursal schedule (if applicable) | No |
| charge_code | String | Code representing the charge | Yes |
| outstanding_amount | Double | Current outstanding amount for the charge | Yes |
| amount_in_process | Double | Amount currently in process (if applicable) | No |
| payment_status | String | Status of payment (if applicable) | No |
| paid_amount | Double | Amount paid (if applicable) | No |
| total_paid_amount | Double | Total amount paid (if applicable) | No |
| total_paid_amount_in_process | Double | Total amount paid in process (if applicable) | No |
| paid_amount_in_process | Double | Amount paid in process (if applicable) | No |
| allocated_amount | Double | Amount allocated (if applicable) | No |
| reason | String | Reason for the charge (if applicable) | No |
| payment_date | Date | Date of payment (if applicable) | No |
| repayment_id | Null | Identifier for repayment (if applicable) | No |
| waiver | String | Amount waived for the charge | Yes |
Body
{
"service_request_type": "foreclosure",
"service_request_subtype": "2",
"service_type": "",
"loan_id": "123",
"request_data": {
"balance_tenure": "0",
"total_dues": 0,
"unrealized_receipt": "0",
"last_due_date": "04-06-2028",
"closure_date": "2029-03-03",
"interest_till_date": "2029-03-03",
"loan_service_charge_rate": 8,
"loan_service_charge_amount": 0,
"refunds": 10001.5,
"interest_due": 0,
"balance_principal": "0",
"principal_outstanding": 206250,
"excess_money": "0",
"advance_installment": 10000,
"per_day_interest": 0,
"net_closure_amount": 20001.5,
"lockin_period": 0,
"reason": "1332",
"closure_type": "own_fund",
"waiver_users": "others",
"uploadFile": "",
"total_waiver_amount": 278811.62,
"is_write_off": false,
"write_off_amount": 206250,
"settled_amount": 0,
"outstanding_charges": [
{
"charge_id": 1234,
"charge_label": "Late Payment Interest",
"total_outstanding_amount": null,
"type": "charges",
"original_amount": 75685.2,
"charge_definition_id": null,
"excess_money_id": null,
"loan_id": null,
"disbursal_schedule_id": null,
"charge_code": "lpp",
"outstanding_amount": 75685.2,
"amount_in_process": null,
"payment_status": null,
"paid_amount": null,
"total_paid_amount": null,
"total_paid_amount_in_process": null,
"paid_amount_in_process": null,
"allocated_amount": null,
"reason": null,
"payment_date": null,
"repayment_id": null,
"waiver": "75685.2"
},
{
"charge_id": 456,
"charge_label": "Total Interest Outstanding",
"total_outstanding_amount": null,
"type": null,
"original_amount": null,
"charge_definition_id": -2,
"excess_money_id": null,
"loan_id": null,
"disbursal_schedule_id": null,
"charge_code": null,
"outstanding_amount": 9068,
"amount_in_process": null,
"payment_status": null,
"paid_amount": null,
"total_paid_amount": null,
"total_paid_amount_in_process": null,
"paid_amount_in_process": null,
"allocated_amount": null,
"reason": null,
"payment_date": null,
"repayment_id": null,
"waiver": "9068"
}
],
"remarks": "",
"payment_on_hold_reason": "",
"other_reason": "",
"total_waived_amount": 0,
"transaction_date": "2029-03-03"
},
"service_request_id": ""
}