Banking API — Lending
Real-Time Loan Affordability Assessment API
Calculate loan affordability using real cash flow data. Ensure responsible lending with automated affordability checks based on income, expenses, and existing commitments.
Responsible lending requires accurate affordability assessment. Fiskil analyzes real banking transactions to calculate disposable income and determine sustainable loan amounts.
The Challenge
Self-reported expenses are unreliable, leading to loans that customers can't actually afford.
The Solution
Calculate true affordability by analyzing actual income, expenses, and existing commitments from bank transactions.
Capabilities
How Fiskil Helps
Income Analysis
Automatically identify and calculate regular income from salary, benefits, and other sources.
Expense Categorization
Categorize and sum expenses across essential categories (housing, utilities, groceries, transport).
Commitment Detection
Identify existing loans, BNPL payments, rent, and recurring commitments.
Disposable Income Calculation
Calculate true disposable income after all expenses and commitments.
Implementation
How It Works
Connect Bank Account
Applicant authorizes access to banking data during loan application.
Analyze Cash Flow
API analyzes 3-6 months of transactions to calculate income and expenses.
Calculate Affordability
System calculates maximum affordable loan repayment based on disposable income.
Determine Loan Amount
Approve loan amount that fits within affordable repayment capacity.
In Practice
How Teams Use This
Personal Loan Provider
A lender uses affordability checks to determine maximum loan amounts customers can sustain.
Reduced loan defaults by 35% through accurate affordability assessment.
Mortgage Broker
A broker calculates borrowing capacity using real expense data instead of HEM benchmarks.
More accurate pre-approvals reduced bank application rejections by 45%.
Car Finance Provider
An auto lender verifies customers can afford car payments alongside existing commitments.
Decreased early default rate from 8% to 3% with better affordability screening.
Technical Details
What You Integrate With
API endpoints
POST /affordability-checkGET /accounts/{accountId}/cash-flow-analysisGET /accounts/{accountId}/commitmentsPOST /affordability-report
Data returned
Monthly income
Essential expenses
Discretionary expenses
Existing commitments
Disposable income
Maximum affordable repayment
Authorisation
OAuth 2.0 / CDR consent
Real-time data access.
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FAQs
Related Use Cases
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Income Verification
Verify applicant income instantly using real bank transaction data. Fiskil's income verification API reduces loan processing time and improves accuracy.
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Credit Assessment
Assess creditworthiness using real banking behavior. Make better lending decisions with cash flow analysis, spending patterns, and financial behavior insights.
Personal Finance
Debt Management
Help users manage and eliminate debt with intelligent tracking and optimisation. Identify debt obligations, calculate payoff timelines, and recommend repayment strategies.
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