As the true lender, loan and line of credit (LOC) proceeds must be disbursed directly from Onbo. Onbo can disburse to various parties depending on the use case. For a Buy Now Pay Later loan, we can disburse loan proceeds to a merchant; or for a Build Credit LOC, we partner with card issuers like Lithic and Apto to disburse just-in-time (JIT).

For Onbo to complete a disbursement, you'll just need to share the bank details of the destination of the proceeds via API.

  • For loans, pass the disbursement_bank_info via the /loans PATCH method

  • For lines of credit, pass the disbursement_bank_info via either the /loc PATCH method or the /draw POST method

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