API – Activate a Loan

General

In LoanPro, loans have both an activated and a non-activated state. You can activate a loan either in the UI, or through the API, which is explained in this article.

When you first create a loan, by default it isn’t activated. This means that the loan numbers aren’t being updated daily, and the loan functions as though it’s not aware of dates. This means that, for example, if a non-activated loan has a first payment date of October 1, 2021 and today is November 8, 2021, the loan will not know that a payment has been missed.

Non-activated loans are treated differently in other respects as well. For example, non-activated loans will not be included in the credit export.

Once a loan is activated, the numbers will be updated every day and will be included in the daily maintenance process.

It is easy to activate a loan via the API. Send a POST request to the following endpoint:

https://loanpro.simnang.com/api/public/api/1/Loans({id})/AutoPal.Activate()

Remember you'll need to replace {id} with the loan ID of the specific loan you want to activate. If you don't know the ID for the loan you want to activate, see our article on Finding Loan and Customer IDs.


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