A flat ten-field projection per loan - not the full loan payload that /v1/embarc/loans/{loanId} and /v1/clients/{clientId}/loans/overview return. ACTIVE loans only; the status filter is not a parameter, it is the endpoint's purpose. Collateral count, both LTV ratios, the LTV-based health status and the image list are resolved for the whole page in batched queries, so this is a single call end to end. status (lifecycle) is always present and monthlyPaymentAmount is present whenever the loan has a next scheduled installment; five fields are collateral-derived and come back absent when includeCollateral=false. See api_contracts.md, "Embarc Loan List", for the permission and ownership rules and why includeCollateral defaults to true.