Interest adjustment transaction

Interest adjustment transactions are used by lenders to increase and decrease the interest due on an account. Note the following when using this request. Note the following when using this request:

An interest adjustment transaction works like a charge or a credit—each affect a loan's amounts. Interest adjustments cause a borrower to pay more or less on their loan.

Multiple interest adjustment transactions can be applied to the same date, but they must take place after the contract date.

Interest adjustment transactions do not affect a loan's interest rate.

For an example of how interest adjustment transactions work within the UI, take a look at our Interest Adjustment Transactions article.

Database

For information on interest adjustment transaction database tables, see the following article:

Database – Interest Rate Adjustment (interest_rate_adjustment_entity)

{
    "InterestAdjustments": {
        "results": [
            {
                "id": "",
                "date": "2023-09-19",
                "type": "loan.interest.adjust.type.decrease",
                "amount": "125.00",
                "categoryId": 1,
                "title": "Interest Adjustment"
            }
        ]
    }
}