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This endpoint funds the approved loan amount to the borrower. It is typically invoked after the loan has successfully completed underwriting and the borrower has transferred the required collateral. The funding transaction is recorded on-chain for transparency and auditability. What it does:
  • Transfers the approved loan amount to the borrower
  • Marks the start of the loan repayment cycle
  • Records the funding event on-chain
When to use it:
  • After underwriting and collateral transfer are completed
  • As the final step before initiating repayment tracking
  • To confirm formal activation of the loan agreement

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Request Body

The request body must include the unique identifier of the loan to be funded: 
{
  "loanId": "0x5a0c0663a48e3abf16c7f0ee632b57da833e44e02a290fc0920ea2858da31f73",
  "metadata": {
    "fundedDate": "2024-06-01",
    "currentDpd": 0,
    "originalBalance": 500000,
    "currentBalance": 500000,
    "originalTerm": 120,
    "remainingTerm": 120,
    "pti": 0.3,
    "dti": 0.4,
    "ltv": 0.8,
    "scheduledPayment": 12000,
    "currentPaymentDue": 12000,
    "pastDueAmount": 0,
    "totalPrincipalPaid": 0,
    "totalInterestPaid": 0,
    "totalFeesPaid": 0,
    "chargeoffAmount": 0,
    "recoveredAmount": 0,
    "paymentStatus": "On Time",
    "scheduledMaturityDate": "2034-06-01",
    "businessName": "Acme Corp"
  }
}

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Response

  • Returns a confirmation of success with the blockchain transaction hash:
{
  "transactionHash": "0x5a0c0663a48e3abf16c7f0ee632b57da833e44e02a290fc0920ea2858da31f73"
}