Ideas for the Mambu Banking Engine

Interest spread as a parameter for sample schedules of loan products

What

A parameter to specify the interest spread when sending API calls to GET a sample schedule of a loan product (/api/loanproducts/{ID}/schedule/) that uses an index interest rate.

 

Why

Some organisations may want to provide sample loan schedules with varying amounts of interest spread, and may need APIs to do this. For instance, a potential borrower might use a website to see what a schedule could look like.

This parameter already exists for loan account APIs ('interestSpread' for /api/loans/), and so there is also an inconsistency between Mambu APIs at present.

  • James Anderson
  • Apr 19 2017
  • Planned
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