LoanPro's Interest Rate Change tool allows users to change a loan's interest rate at any point in the loan's life. Note the following when using this request:

This request will remove an interest rate adjustment.

To remove an interest rate change, you will need its ID. To find an interest rate change ID, use the GET interest rate change request.

Removing an interest rate change will affect the loan's APR.

For an example of how the Interest Rate Change tool works in the UI, take a look at our Interest Rate Changes article.

Database

For information regarding interest rate change database tables, see the following articles:

Database – Loan Interest Rate Change (loan_interest_rate_change_entity)

{
    "InterestRateChanges": {
        "results": [
            {
               "__id": 23,
               "__destroy": true
            }
        ]
    }
}