Status Details table for Disbursed Loans and Disburse Tranche API
| Status Name | Comment |
|---|---|
| Approved | This is the status with which the loan is created once the loan booking API is called. Changes can be done to the loan parameters (except mobile number), till the loan is in this state. |
| Disbursal Initiated | Once the disbursal API is called, the loan is changed to this status. Once a loan reaches this status, no further update can be done to the loan parameters. |
| Transfer Initiated | This is the status when the loan disbursal instruction is sent to the bank via API. |
| Disbursal In Process | This is the status when the disbursal is in process, i.e., bank has not sent a confirmation that the transfer is success or failed. |
| Transfer Failed | This is the status when the disbursal transfer failed. In such cases, manually the transfer has to be re-initiated. |
| Disbursed | This is the status when the transfer is successful and loan has been marked as disbursed. |