Loan repayment flow

A flow for MFOs and instalment services: the borrower repays the loan with scheduled payments. The first payment is confirmed by the borrower on the form; subsequent ones can be automatic charges against the registered card.

Flow steps

1. Register the borrower’s card and create the loan in your system
2. First loan repayment — confirmed by the borrower
3. Further payments — automatic charges per the loan schedule
4. A webhook for every repayment: amount, outstanding balance, status
5. On early repayment — recalculate the schedule on your side