1. Consent Approval

In this scenario, the partner provides consent to proceed with the current offer by setting consent to true
Our system acknowledges this approval and continues with the application process.

Request Example:

{
  "leadId": "LD1234",
  "consent": true
}

2. Consent Denial

In this scenario, the partner denies the offer by setting consent to false
Our system marks the application as expired, signalling the end of the process.

Request Example:

{
  "leadId": "LD1234",
  "consent": false
}

3. Consent Denial with a Counter Offer

In this scenario, the partner denies the original offer by setting consent to false but provides a counterOffer with new terms.
Our system accepts the counteroffer and starts a new approval process based on the proposed terms.

Request Example:

{
  "leadId": "LD1234",
  "consent": false,
  "counterOffer": {
    "amount": 50000,
    "tenure": 36,
    "interestRate": 4.5,
    "processingFeePct": 1.0,
    "convenienceFeePct": 0.5
  }
}

Points to be Noted :

1. In Consent Denial with a Counter Offer, the status will be pulled back from "APPLICATION_APPROVED" to "APPLICATION_IN_REVIEW" then application will move forward as per new loan parameters.
2. Consent Denial with a Counteroffer allows up to 2 iterations. If no agreement is reached within these attempts, the application struct at its current status and expires after 25 days.
3. In the case of Consent Denial, the status will move from "APPLICATION_APPROVED" to "CLOSED".