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// Example: Create application request body
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{
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  "borrower_id": "bor_9a73889c4a68431b87489d42d9560f75",
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  "credit_type": "consumer_bnpl",
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  "third_party_disbursement_destination": "Bass Pro Shop"
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}
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## The Buy Now Pay Later Offer
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Buy Now Pay Later Loans leverage the standard Loan Offer object, including the following primary parameters:
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1. `amount`: the total purchase price the user is financing, in cents.
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2. `interest_rate`: the interest rate on the loan, in basis points.
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3. `payment_period`: the frequency of installment payments. Can be `monthly`, `weekly`, or `biweekly`.
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4. `loan_term`: An object representing the number of payments.
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The following example models a loan offer with an amount of $1,000.00, 13% interest rate, monthly payment period and 12 payments:
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{
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  "amount": 100000,
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  "interest_rate": 1300,
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  "payment_period": "monthly",
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  "origination_fee": 0,
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  "late_payment_fee": 0,
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  "type": "loan_offer",
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  "loan_term": {
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    "term_type": "months",
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    "term": 12
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  }
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}

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 {
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    "terms": {
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        "grace_period": {
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            "term": 0,
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            "interest_rate": 0
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        },
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        "loan_term": {
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            "term": 12,
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            "term_type": "months"
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        },
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        "amount": 2000000,
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        "apr": 1300,
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        "type": "loan_offer",
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        "interest_rate": 1300,
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        "late_payment_fee": 0,
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        "origination_fee": 0,
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        "payment_period": "monthly",
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        "periodic_payment": 178635,
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        "id": "off_d5e348293e42489cb1b70b47a49ea68f",
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        "interest_type": "fixed"
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    },
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    "id": "fac_46a10faf1d9442a1880d08814a90f670",
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    "application_id": "app_57ccbab39ac64428994839133b39d11c",
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    "borrower_id": "bor_9a78389c4a68431b87489d42d9560f75",
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    "loan_agreement_id": "doc_4f134b3862064833b37d61501aea2105",
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    "account_number": "540017027",
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    "credit_type": "consumer_bnpl",
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    "status": "active",
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    "autopay": {
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        "authorized": false
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    },
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    "balance": 2000000,
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    "origination_date": "2023-12-13",
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    "disbursement_date": "2023-12-13",
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    "remaining_term": 12,
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    "payments_due": [],
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    "transactions": [],
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    "statements": [],
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    "created_on": "2023-12-13T23:13:54.619Z",
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    "amortization_schedule": [
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        {
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            "payment_date": "2024-01-13",
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            "interest_payment_amount": 21667,
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            "principal_payment_amount": 156968,
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            "other_payment_amount": 0,
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            "total_payment_amount": 178635,
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            "balance_amount": 1843032,
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            "item_index": 1
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        },
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        {
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            "payment_date": "2024-02-13",
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            "interest_payment_amount": 19966,
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            "principal_payment_amount": 158669,
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            "other_payment_amount": 0,
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            "total_payment_amount": 178635,
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            "balance_amount": 1684363,
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            "item_index": 2
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        },
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        {
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            "payment_date": "2024-03-13",
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            "interest_payment_amount": 18247,
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            "principal_payment_amount": 160388,
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            "other_payment_amount": 0,
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            "total_payment_amount": 178635,
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            "balance_amount": 1523975,
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            "item_index": 3
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        },
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        {
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            "payment_date": "2024-04-13",
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            "interest_payment_amount": 16510,
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            "principal_payment_amount": 162125,
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            "other_payment_amount": 0,
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            "total_payment_amount": 178635,
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            "balance_amount": 1361850,
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            "item_index": 4
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        },
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        {
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            "payment_date": "2024-05-13",
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            "interest_payment_amount": 14753,
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            "principal_payment_amount": 163882,
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            "other_payment_amount": 0,
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            "total_payment_amount": 178635,
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            "balance_amount": 1197968,
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            "item_index": 5
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        },
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        {
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            "payment_date": "2024-06-13",
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            "interest_payment_amount": 12978,
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            "principal_payment_amount": 165657,
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            "other_payment_amount": 0,
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            "total_payment_amount": 178635,
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            "balance_amount": 1032311,
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            "item_index": 6
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        },
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        {
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            "payment_date": "2024-07-13",
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            "interest_payment_amount": 11183,
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            "principal_payment_amount": 167452,
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            "other_payment_amount": 0,
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            "total_payment_amount": 178635,
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            "balance_amount": 864859,
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            "item_index": 7
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        },
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        {
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            "payment_date": "2024-08-13",
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            "interest_payment_amount": 9369,
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            "principal_payment_amount": 169266,
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            "other_payment_amount": 0,
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            "total_payment_amount": 178635,
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            "balance_amount": 695593,
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            "item_index": 8
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        },
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        {
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            "payment_date": "2024-09-13",
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            "interest_payment_amount": 7536,
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            "principal_payment_amount": 171099,
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            "other_payment_amount": 0,
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            "total_payment_amount": 178635,
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            "balance_amount": 524494,
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            "item_index": 9
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        },
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        {
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            "payment_date": "2024-10-13",
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            "interest_payment_amount": 5682,
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            "principal_payment_amount": 172953,
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            "other_payment_amount": 0,
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            "total_payment_amount": 178635,
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            "balance_amount": 351541,
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            "item_index": 10
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        },
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        {
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            "payment_date": "2024-11-13",
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            "interest_payment_amount": 3808,
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            "principal_payment_amount": 174827,
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            "other_payment_amount": 0,
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            "total_payment_amount": 178635,
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            "balance_amount": 176714,
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            "item_index": 11
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        },
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        {
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            "payment_date": "2024-12-13",
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            "interest_payment_amount": 1914,
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            "principal_payment_amount": 176714,
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            "other_payment_amount": 0,
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            "total_payment_amount": 178628,
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            "balance_amount": 0,
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            "item_index": 12
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        }
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    ],
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    "next_payment_amount": 178635,
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    "next_payment_due_date": "2024-01-13",
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    "current_payment_due_date": "2024-01-13",
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    "last_payment_date": null,
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    "payoff_balance": 2000000,
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    "principal_paid_thru": "2023-12-12",
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    "next_billing_date": "2024-01-03",
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    "interest_accrued_thru": "2023-12-12",
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    "next_accrual_cutoff_date": "2024-01-12",
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    "scheduled_payoff_date": "2024-12-13"
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}