Create MCA Loan Product

post

https://embarc-api-qa.lendapi.com/embarc-core/api/v1/mca/loan-products

Create an MCA-compatible loan product from the backend classpath template. Structural fields (schedule type, payment allocation, interest rate, etc.) are locked to the template. Callers supply identity fields, the factor-fee charge, and optional MCA defaults. The product-level factor-fee amount is stored as zero; loan create computes the actual amount. Unknown parameters are rejected.

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Body Params

name

string

required

length ≤ 100

Loan product name.

shortName

string

length ≤ 4

Optional 4-character product code. When omitted or blank, the backend derives a unique code from name
(uppercase alphanumerics, truncated to 4 chars, suffixed with digits on collision).

financedOriginationFeeChargeId

integer

Optional active loan charge to configure as the product-level MCA factor fee. When omitted, the backend binds the canonical seeded "MCA Factor Fee" charge. When supplied, it must not be a penalty or disbursement-time charge. The configured product amount is zero; loan create computes the actual factor fee.

charges

array of objects

Optional regular product charges passed through to the core loan-product create command. Independent of the factor-fee mechanism.

charges

currencyCode

string

ISO 4217 currency code. Defaults to USD.

description

string

Optional product description.

externalId

string

Optional external identifier.

defaultFactorRate

number

1.01 to 1.99

Default factor rate for loan create; loan create may omit factorRate when set.

defaultHoldbackPercent

number

5 to 25

Default holdback percent; loan create may omit holdbackPercent when set.

accountingRule

integer

Optional accounting rule override.

Headers

x-embarc-tenant-id

string

required

Tenant routing identifier used by the Embarc API gateway.

Responses

400

Validation error — unknown parameter, locked field supplied, or range check failure.

Language

Credentials

Bearer

JWT

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Response

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application/json

200Loan product created and defaults persisted.