Digital lending
Request new payment rails
Multiple disbursements
3min
To make multiple disbursements per loan use the endpoint FundingInfo.
Below are pseudo examples of how this would work with two draws.
Net funding = $10,000
First draw=$4,750
Second draw = $4,750
Arix ensures that the total of the loan payouts don't exceed the approved loan amount. If you try to fund more than the loan amount, Arix automatically adjusts the amount down, processes the rail, and marks the loan as fully funded.
You can register for the webhook, RailUpdated to keep track of each draw separately. After you call PUT FundingInfo, the ID is noted as the RailId in the webhook, as shows below.
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Updated 07 Oct 2024
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