Activate Loan

This request activates a loan.

   Click here to learn more about this request

After a loan is created, a separate request is made to activate it:

• An activated loan functions differently than a loan that has not been activated. By default, newly created loans are not activated.
• Loans can be deactivated, if needed. Deactivating a loan will pause all calculations.
• Activating a loan is a separate distinction from an active loan status. For more information on the distinction, take a look at our article on the subject.
• If the loan used in the request is already activated, the response will come back as "false" instead of "true".
• Activating a loan updates the "active" field within the LoanSetup object that's nested within the Loans entity. An activated loan will have a "active" value of 1 instead of 0.

For an example of how activating a loan works within the UI, take a look at our Activating a Loan article.

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Pay special attention to the endpoint of this request.

This request does not use OData, so it's not included in the endpoint like most other LMS requests.

Database

For information regarding loan database tables, see the following articles:

• Database – Loan Table (loan_entity)
• Database – Loan Setup (loan_setup_entity)
• Database – Loan Status Entity (loan_status_entity)