Ideas for the Mambu Banking Engine

Pay-Off a loan account via API

What: Allow to Pay-Off a loan account via API. This transaction would include a possibility to:
- partially write-off interest balance 
- partially write-off fee balance
- partially write-off penalty balance 
- post a repayment via a chosen transaction channel 
- close the loan account with "All Obligations Met" status
 
Why: Organisations that allow for paying off the loans with an optional partial write-off of Interest, Fees or Penalties, cannot build this into their integrations layer and automate this process.
  • Dorota Nosal
  • May 23 2017
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