Add charge

Lenders use charges to include additional amounts to a loan. Charges are most commonly used to deter borrowers from making late payments. Note the following when using this request:

This request will add a charge to a loan.

This request logs a single charge, which is different than creating recurring charges.

For an example of how charges work within the UI, take a look at our Charges Overview article on our help site.

Database

For information regarding charges database tables, see the following articles:

Database – Charges Table (charge_entity)

Database – Default Charges (defaults_charges)

Database – Recurring Charge Entity (recurring_charge_entity)

{
    "Charges": {
        "results": [
            {
                "amount": "25.00",
                "chargeTypeId": 3,
                "date": "2021-09-19",
                "info": "Late Fee",
                "chargeApplicationType": "loan.latefeeapp.standard",
                "interestBearing": 1,
                "pastDueSetting": "loan.pastdue.omitted",
              	"metadata": {
         					"keyValue": "NewValue" 
        				}
            }
        ]
    }
}