Rescheduling a loan

  • Updated

Rescheduling a loan

Description

This web service reschedules a lending account, commits changes to the database and returns the updated lending account.

Definition

POST https://<domain>/services/apexrest/peer/v1/loanAccounts/reschedule

Parameters

The table given below provides details of the request parameters used by this web service:

Fields Type Description

loanId*

String

  • This is used to identify the loan account. This should be passed in the URL as specified under the sample request
    For example, /v1/loanAccounts/reschedule/<loanId|loanName>.

  • The field used to identify the loan account is the Loan_Id_Field__c field in API Configuration custom setting. If a field is not mentioned the Salesforce ID is used.

transactionDate   

Date

  • This is the date of transaction.

  • If you pass null, current system date is considered.

repaymentStartDate   

Date

  • This is the new Repayment Start Date. If null, existing value is considered.

interestRate

Decimal

  • This is the new interest rate. If null, existing value is considered.

interestOnlyPeriod

Integer

  • This is the new Interest Only Period.

  • If you pass null, existing value is considered.

frequencyOfPayment

String

  • This is the new Frequency of Loan Payment. 

  • If you pass null, existing value is considered.

noOfInstallments

Integer

  • This is the new Number of installments.

  • If you pass null, existing value is considered.

Error messages

When you post a web service, you can receive the possible error messages as shown in the table below:

Error Code Error Message System.Label Reason HTTP Status Code

INVALID_INPUT

Unable to parse the Request parameters.

UNABLE_PARSE_REQ_PARAMS

If error occurs while parsing request parameters.

400

INVALID_INPUT

Unknown Exception : <exception_message>

UNKNOWN_EXCEPTION

Unknown exception while parsing request parameters.

400

INVALID_INPUT

Loan Account Id is null.

LOAN_ACCOUNT_ID_NULL

Loan Account Id for Loan is not specified in the request parameters.

400

INVALID_INPUT

No parameters specified in the JSON body request.

INVALID_JSON_BODY_IN_POST_REQUEST

Empty JSON body was passed in the HTTP Post Rrequest.

400

INVALID_INPUT

Unable to find the Loan Account.

LOAN_ACCOUNT_NOT_FOUND

No record exists in the system for Loan Id (loanId) specified in the request parameters for Loan Account.

400

API_EXCEPTION

<exception_message>

NA

If any validation fails or any unexpected error occurs during the processing of the request, system will raise the exception.

500

Sample request

The sample request to be sent is as shown below:

https://na11.salesforce.com/services/apexrest/peer/v1/loanAccounts/Reschedule

{

"transactionDate": "2016-01-17",

"repaymentStartDate": "2016-02-28",

"interestRate": 15,

"interestOnlyPeriod": 1,

"frequencyOfPayment": "Weekly",

"noOfInstallments": 18

}

Sample response

The sample response contains the updated loan application. The sample response is as shown below:

{    "status": "SUCCESS",    "rowNumber": -1,    "response": [],    "errorNumber": 0,    "errorMessage": null,    "errorCode": "NO_ERROR",    "content": [        {            "attributes": {                "type": "loan__Loan_Account__c",                "url": "/services/data/v32.0/sobjects/loan__Loan_Account__c/a3G37000000CsWqEAK"            },            "Id": "a3G37000000CsWqEAK",            "Name": "LAI-00003283",            "loan__Contact__c": "0033700000206jbAAA",            "loan__Investment_Product_loan__c": false,            "loan__Actual_Interest_Only_Payments__c": false,            "loan__Principal_Paid__c": 0,            "loan__Interest_Paid__c": 0,            "loan__Principal_Interest_EMI_Generated_On_Req__c": false,            "loan__Recalculate_Interest_Flag__c": false,            "loan__Fees_Paid__c": 0,            "loan__Invalid_Data__c": false,            "loan__Last_Accrual_Date__c": "2016-01-15",            "loan__Payoff_Fee_Indicator__c": false,            "loan__Excess__c": 0,            "loan__Fee_Set__c": "a2i37000000L2pyAAC",            "loan__Expected_Disbursal_Date__c": "2016-01-12",            "loan__Next_Installment_Date__c": "2016-02-28",            "loan__Due_Day__c": 28,            "loan__Disbursal_Date__c": "2016-01-12",            "loan__Index_Rate__c": 0,

"loan__Margin_Rate__c": 0,

"loan__Pre_Bill_Days__c": 0,

"loan__Expected_Repayment_Start_Date__c": "2016-02-12",

"loan__Repayment_Procedure__c": "Equal Monthly Installments",

"loan__Loan_Status__c": "Active - Good Standing",

"loan__Term_Cur__c": 18,

"loan__Maturity_Date_Current__c": "2017-07-28",

"loan__Number_of_Installments__c": 5,

"loan__Frequency_of_Loan_Payment__c": "Monthly",

"loan__Principal_Remaining__c": 10000,

"loan__Principal_Adjustment__c": 0,

"loan__First_Installment_Date__c": "2016-02-12",

"loan__Remaining_Loan_Amount__c": 0,

"loan__Principal_Adjustment_Subtract__c": 0,

"loan__Interest_Rate__c": 15,

"loan__Interest_Calculation_Method__c": "Declining Balance",

"loan__Interest_Remaining__c": 6.666666666666667,

"loan__Interest_estimated__c": 200.89,

"loan__Interest_Waived__c": 0,

"loan__Interest_Only_Period__c": 1,

"loan__Balloon_Payment__c": 0,

"loan__Loan_Amount__c": 10000,

"loan__Loan_Product_Name__c": "a3R37000000Gpc3EAC",

"loan__Number_of_Days_Overdue__c": 0,

"loan__Metro2_Account_highest_bal_amount__c": 10000,

"loan__Time_Counting_Method__c": "Month And Days",

"loan__Total_Amount_Overdue__c": 0,

"loan__Branch__c": "a3k370000004DsKAAU",

"loan__Accrual_Stop_Indicator__c": false,

"loan__Payment_Amount__c": 2040.18,

"loan__Pmt_Amt_Cur__c": 131.67,

"loan__APR__c": 0,

"loan__Last_Transaction_Timestamp__c": "2016-01-15T10:19:41.000+0000",

"loan__Last_Transaction_Id__c": "a3o37000000HvwHAAS",

"loan__Last_Transaction_Type__c": "Reschedule",

"loan__Pay_Off_Amount_As_Of_Today__c": 10006.67,

"loan__Total_Due_Charges__c": 0,

"loan__Interest_Accrued_Not_Due__c": 3.888888888888889,

"loan__Fees_Remaining__c": 0,

"loan__Accrual_Start_Days__c": 0,

"loan__Next_Due_Generation_Date__c": "2016-02-28",

"loan__Write_off_Tolerance_Amount__c": 0,

"loan__Reserve_Amount_for_Next_Due__c": 0,

"loan__Delinquency_Grace_Days__c": 0,

"loan__Delinquent_Amount__c": 0,

"loan__Oldest_Due_Date__c": "2016-02-28",

"loan__Previous_Installment_Date__c": "2016-01-15",

"loan__Last_Payment_Amount__c": 0,

"loan__Rate_Change_Dt_Last__c": "2016-01-15",

"loan__Rate_Change_Dt_Next__c": "3000-12-31",

"loan__Interest_Rate_Last__c": 8,

"loan__Accrual_Start_Date__c": "2016-01-12",

"loan__Repayments_Count__c": 0,

"loan__Product_Type__c": "Loan",

"loan__Credit_Limit_Current__c": 0,

"loan__Minimum_Draw_Amount__c": 0,

"loan__Maximum_Draw_Amount__c": 0,

"loan__Draw_Term_Payment_Percent__c": 0,

"loan__Minimum_Due_Amount_On_Billing__c": 0,

"loan__Repayment_Term_Payment_Percent__c": 0,

"loan__Cleared_Disbursal_Txn_Count__c": 1,

"loan__Contractual_Interest_Rate__c": 8,

"loan__Pre_Paid_Interest_Amount__c": 0,

"loan__Funding_in_Tranches__c": false,

"loan__Repayment_Start_Basis__c": "Full Disbursal",

"loan__Amortization_Schedule_Generated__c": true,

"loan__Draw_Period_End_Date__c": "2016-01-12",

"loan__Disbursal_Status__c": "Fully Disbursed",

"loan__Disbursal_Amount__c": 10000,

"loan__Total_Amount_Paid__c": 0,

"loan__Disbursed_Amount__c": 10000,

"loan__Last_Disbursal_Amount__c": 10000,

"loan__ACH_On__c": false,

"loan__Change_Recurring_ACH_Terms__c": false,

"loan__Last_Disbursal_Date__c": "2016-01-12",

"loan__Is_Rescheduled__c": true,

"loan__Protect_Enabled__c": false,

"loan__Protect_fee_amount__c": 0,

"loan__la_delinquency_flag__c": false,

"loan__Repayment_Schedule_Summary__r": {

"totalSize": 2,

"done": true,

"records": [

{

"attributes": {

"type": "loan__Repayment_Schedule_Summary__c",

"url": "/services/data/v32.0/sobjects/loan__Repayment_Schedule_Summary__c/a4A37000000L3wWEAS"

},

"loan__RSS_Loan_Account__c": "a3G37000000CsWqEAK",

"Id": "a4A37000000L3wWEAS",

"Name": "RSS-0000000332",

"loan__RSS_ID__c": "0",

"loan__RSS_No_Of_Pmts__c": 1,

"loan__RSS_Primary_flag__c": true,

"loan__RSS_Repayment_Amt__c": 131.66666666666666,

"loan__RSS_Repayment_Dt__c": "2016-02-28",

"loan__RSS_Seq__c": 1

},

{

"attributes": {

"type": "loan__Repayment_Schedule_Summary__c",

"url": "/services/data/v32.0/sobjects/loan__Repayment_Schedule_Summary__c/a4A37000000L3wXEAS"

},

"loan__RSS_Loan_Account__c": "a3G37000000CsWqEAK",                        "Id": "a4A37000000L3wXEAS",

"Name": "RSS-0000000333",

"loan__RSS_ID__c": "1",

"loan__RSS_No_Of_Pmts__c": 17,                        "loan__RSS_Primary_flag__c": true,                        "loan__RSS_Repayment_Dt__c": "2016-03-28",                        "loan__RSS_Seq__c": 2                    }                ]            },            "loan__Contact__r": {                "attributes": {                    "type": "Contact",                    "url": "/services/data/v32.0/sobjects/Contact/0033700000206jbAAA"                },                "Id": "0033700000206jbAAA",                "Name": "Tim Barr"            },            "loan__Loan_Product_Name__r": {                "attributes": {                    "type": "loan__Loan_Product__c",                    "url": "/services/data/v32.0/sobjects/loan__Loan_Product__c/a3R37000000Gpc3EAC"                },                "Id": "a3R37000000Gpc3EAC",                "Name": "Test Loan Product",                "loan__Max_Loan_Amount__c": 100000,                "loan__Holiday_Shift__c": "None"            }        }    ]}

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