Loan Offers

An Offer represents a formal lending proposal, generated by Prime, for an Application. Based on the underwriting outcome, Prime may generate multiple Offers with different terms, allowing a Borrower to choose the lending structure that best fits their needs. Each Offer contains immutable lending terms, based on a Borrower’s profile, creditworthiness, and requested amount.

The Offer includes specific financial parameters that define the potential loan agreement. This includes the approved capital amount, fee structure, cost, total repayment amount, and term length. When multiple Offers are available, they typically vary in key aspects such as loan amount, term length, or fee structure, allowing for informed comparison by the Borrower. Each Offer has its own validity period during which the terms are guaranteed and specific conditions that must be met before final approval and funding.

Using Prime API, one or multiple Offers may be generated during the underwriting step. Partners are able to retrieve all available Offers via the Application. When multiple Offers exist, one Offer must be selected by updating the Application. This must be done before proceeding with agreement signing and loan issuance. This selection process ensures Borrowers receive the most suitable lending terms for their specific financial situation resulting from the Underwriting Decision.