Guide for Left-To-Live or Max-loan-amount offer for Pre-Approvals
This is a quick guide for Left-To-Live or Max-loan-amount calculation to calculate the Pre-Approval offer for an applicant.
Depending on if the optional parameter estimated_purchase_price is set or not decides which calculation is used.
More details are provided in the sections below.
Please note that there is no sandbox environment available for the Pre-approval API yet.
Please refer the api spec for details:
pre-approval api spec
Left-To-Live calculation
Left-To-Live calculation is based on the estimated_purchase_price of the property and applicants' finances.
The estimated_purchase_price is added to the condominium or the house in the intended_property attribute of the pre-approval offer request.
See examples below:
Note: If Left-To-Live calculation is negative, a max-loan-amount is calculated and returned along with a recalculation_reason
Example Responses:
Please refer to the Pre-Approval Guide for detailed integration steps.
Max-Loan-Amount calculation
Max-Loan-Amount calculation is based on applicants' finances.
The estimated_purchase_price is NOT added to either condominium or house in the intended_property attribute of the pre-approval offer request.
See examples below:
The response contains the maximum amount offered to applicant(s) by SBAB.
Example Response:
Please refer to the Pre-Approval Guide for detailed integration steps.