Table of content
Overview
The /get-savings-account-for-loan-by-cif API provides the capability to retrieve customer's savings accounts in real time based on CIF. It supports customer eligibility checking and savings account selection for secured loan and overdraft applications by providing available savings account information, including account details, product information, interest information, maturity information, and pledge status.
Why this API is needed?
- Customer eligibility verification: Enables digital channels to check whether customers have eligible savings accounts before entering the secured lending journey.
- Real-time savings information: Provides the latest savings account information from the banking system.
- Supports collateral selection: Allows customers to view and select one or multiple savings accounts as collateral for secured loans or overdraft facilities.
- Improved customer experience: Simplifies the application process by automatically retrieving customer savings information.
Key features
- Retrieves customer's savings accounts based on CIF.
- Provides savings account information, including account details, product details, interest information, maturity information, ownership information, and pledge status.
- Supports selection of one or multiple savings accounts as collateral for secured loan or overdraft applications.
