Finance Payoff

You can pre-close the Islamic finance arrangement by paying the total outstanding amount on the requested date. The pay-off simulation helps you calculate the total outstanding amount, including the outstanding principal, profit, and any applicable charges.

Simulate Payoff

You can preclose the Islamic finance by paying the total outstanding amount on a specific date. Pay-off simulation helps calculate the total outstanding amount including the outstanding principal, profit, and charges, if any.

This service operation can be triggered using the below API.

Fetch Payoff Simulation

You can simulate the pay-off calculate activity for a finance arrangement for a given arrangement ID and the simulation details can be retrieved through this service operation.

This service operation can be triggered using the below API.

Settle Payoff

You can execute payoff activity for loan product with details like simulation run reference, product Id, and so on.

This service operation can be triggered using the below API.