Line of credit

Line of credit (LOC) Entity flow

For any user, loan flow will look like the diagram below
  • First platform will create a line of credit application using LOC APIs.
  • Using the Proprietary Stilt Risk model (or your risk model) loan applications either will be approved or will be rejected.
  • Once the maximum LOC amount has been decided, we can call accept endpoint to accept the loan.
  • Once the user accepts the LOC offer, the LOC will become active and Platform will call LOC Draw endpoint to request credit line draw up to the maximum limit for the customer
  • After consuming LOC, Stilt takes care of accrual, statement generations, and applying payments towards the LOC

LOC application

LOC Object