Add Advancement

This request adds an advancement to a loan.

   Click here to learn more about this request

Advancements are used by lenders to increase a loan's principal balance. A lender may decide to do this if the borrower requests to borrow additional funds on a loan that has already been agreed upon:

  • An advancement differs from a credit. Advancements simply affect the principal amount on a loan. Credits function like payments on a loan, and they affect loan calculations.

For an example of how advancements work within the UI, take a look at our Log an Advancement/Credit article on our help site.


For information on advancements database tables, see the following articles:

    "Advancements": {
        "results": [
                "date": "2022-05-06",
                "resetPastDue": 0,
                "title": "Additional Principal Amount",
                "amount": "100.00",
                "category": 1
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