PApaymongo
Contracts

Create withdrawal

Draws down funds from an active revolving credit line contract.

post/v1/capitals/contracts/{contract_id}/withdrawals

Request

  • Base URL
    https://api.paymongo.com
  • URL
    https://api.paymongo.com/v1/capitals/contracts/{contract_id}/withdrawals
  • Auth
    HTTP basic

Path parameters

contract_idstring required

Contract ID

Request body

amountinteger required
purposestring

Example request

{
  "amount": 50000,
  "purpose": "Working capital"
}

Response

Created

messagestring

Example response

{
  "data": {
    "created_at": "2024-01-01 00:00:00+00:00",
    "id": "loan_123",
    "net_disbursement_amount": 291000,
    "outstanding_dst_amount": 500,
    "outstanding_interest_amount": 15000,
    "outstanding_principal_amount": 300000,
    "principal_amount": 300000,
    "processing_fee_amount": 9000,
    "purpose": "Expand business inventory"
  },
  "message": "application submitted successfully"
}

Changes

No recorded changes to this operation across all 1 revision of this API.