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	No
service_type	string	Type of service	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 (Outstanding Charges Details)	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