This object represents a loan application for one of your courses. It lets you retrieve data about all loan applications for your business made via Knoma.
The loan application object
Unique identifier for the object.
The first name of the student applying for the loan application.
The last name of the student applying for the loan application.
Amount (in pence) that the student has agreed to pay as a deposit.
Amount (in pence) that the student has borrowed from Knoma.
Amount (in pence) that Knoma is charging the partner.
Amount (in pence) that Knoma charging the partner for courses sold via the Knoma Marketplace.
Current status of the loan_application:
- The application is
incompletewhilst a student is filling out the application. It will remain in this state for X business days, when Knoma invalidates the application.
- An application
in_reviewrequires a manual review step by the Knoma credit risk team.
approvedapplication is approved, but not funded (the student needs to log in and sign the final agreement. An
approvedapplication will move to
cancelledif it's not taken up with X business days.
fundedloan application has been approved and the funds either have or will be sent to your bank account. - A
declinedloan application is one we won't fund due to a failure of one of our checks. As it stands, we're unable to share the reason for a declined application.
cancelledloan application is one that has been cancelled either by Knoma, the partner, or the student.