API Reference

Create a line of credit for an account

post
https://Contact sales to enable your sandbox/revolving/v1/accounts//line_of_credit

Creates a new line of credit for an account.

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Path Params
string
required
Body Params

Line of credit creation parameters

string

The ID associated to be with the line of credit for future requests. If not provided on creation, Canopy will generate this field.

string
required

The ID of the template to use for setting the policies on the line of credit

integer
required

The credit limit on this line of credit in the smallest unit of the currency (e.g., cents for USD)

string
Defaults to USD

The ISO 4217 3-letter currency code of the line of credit

string
required

The interval between billing cycles

string
required

The interval between payment due dates

number
Defaults to 0

The annual interest percentage rate to apply to the line of credit as a whole number (e.g., 5.0 for 5%)

string

The full term length of the closed-ended line of credit, based on duration from line of credit's effective_at date

string

The interval between the payment due date and the late fee grace period, in cases where product requires a late fee assessment to be made if a borrower doesn't pay their minimum payment in full.

string

The interval between the first billing cycle and the second billing cycle. This is sometimes needed to ensure payment due dates are consistent throughout the term of the line of credit.

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Updated 24 days ago

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Updated 24 days ago