Every lender, from a cooperative bank to a lending app, has to answer the same questions before disbursing: is this person who they say they are, can we pay money into this account, and are they likely to repay? Verification APIs answer each question in seconds instead of days.
The core checks
PAN verification
Confirms the PAN is valid and matches the applicant’s name. It’s the fastest way to catch typos and mismatched identities at the very start.
Aadhaar-based eKYC
Consent-based verification of identity and address through permitted methods. Always collect explicit consent and store only what regulations allow.
Bank account verification
A “penny-drop” check confirms the account exists and returns the holder’s name, so disbursements and NACH mandates go to the right person.
Credit bureau report
Shows existing loans, repayment history and credit score — essential for deciding loan size and pricing.
Putting it together: a decision flow
- PAN check and name match at application
- eKYC for identity and address
- Bank account verification before disbursement
- Bureau pull and risk score for the credit decision
- Every call logged for audit
Fraud signals worth watching
- The same mobile number or bank account across different applicants
- Name mismatches between PAN, bank account and application
- Several applications from one device in a short time
