Loan Payment

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What it does

• Records a loan payment against the specified loan
• Reduces the outstanding principal and/or interest
• Logs the payment on-chain for transparency and audit purposes

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When to use it

• On or before a scheduled installment due date
• For manual or automated loan payment processing
• When reconciling payments through third-party systems or channels

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Request Body

{
  "loanId": "0x5a0c0663a48e3abf16c7f0ee632b57da833e44e02a290fc0920ea2858da31f73",
  "amount": 100,
  "refId": "REF123"
}

• loanId: The unique identifier of the loan being repaid.
• amount: The repayment amount.
• refId: A client-defined reference ID used for internal tracking, audit, or reconciliation.

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Response

• Returns a success confirmation along with the blockchain transaction hash:

{
  "transactionHash": "0x5a0c0663a48e3abf16c7f0ee632b57da833e44e02a290fc0920ea2858da31f73"
}