Create Credit Account

Use this API to create a credit account for the specified client.

There are two types of credit accounts you can create:

1. Secured Credit Account: Link to an existing savings account or create a new one for the client using Create Savings Account to hold the funds for the credit account.
2. Unsecured Credit Account: No savings account linkage required.

Before attempting to create an account, ensure:

• The client is established and active.
• The credit product is defined and configured by Mbanq.

The initial status of the credit account will be Submitted and Pending Approval. You can approve it using the Approve Credit Account API.

Behaviour: A successful response from this API indicates that the credit account is successfully created.

Next Step: Order a Credit Card After successfully creating a credit account, you can order a credit card for the client using the Create Card API endpoint.