API – Parent-Child Loan Linking
Parent-child loan linking functionality lets you designate multiple loans as the child of a single loan. When transactions are posted to the parent loan, a transaction is also posted to each child loan, in a percentage the user specifies. Transactions that get split and posted to child loans include: payments, charges, advancements, credits, and AutoPays. This allows you to give multiple loans to the same borrower, with the ability to track them as both a single loan, and individual loans. This is a one-dimensional link. This means that if a loan is a child of a parent, it cannot be the parent loan itself.
To link child loans to a parent, use the following request:
Make sure to replace id with the ID of the parent loan. The payload should look like this:
Then each child loan should have the following information:
- childId - This is the ID of the child loan.
- enrolled - 1 means the loan will log a transaction for a percentage of each transaction logged on the parent loan.
- percentage - This is the percentage of the parent loan transaction that a corresponding transaction on the child loan will be logged for.