VerifiMe for consumer finance & lending
Borrowers confirm the loan they're taking on.
Point-of-sale financing, instalment loans and lease-to-own agreements depend on borrowers understanding what they owe. VerifiMe confirms the key terms directly with the borrower, with an identity check when you need one.
Signed & verifiedSample record · illustrative data
The challenge
Where sales go wrong in consumer finance & lending.
Merchant-originated loans
When a merchant or dealer originates the loan, you need independent confirmation that the borrower understood the terms.
Cost of borrowing disclosure
Rate, total cost of borrowing and payment schedule must be clear. Confirmation shows they were.
Identity and fraud risk
An optional passcode confirms the borrower controls the phone or email on the application.
Early default and disputes
Borrowers who misunderstood terms are more likely to dispute or default. Catching them early helps everyone.
Sample questionnaire
What your customers confirm.
Values are pre-filled from your system. Questions marked red fail the verification if answered the wrong way.
Example only. Your questionnaire is built around your own contracts, products and obligations.
| Question / field | Example value | Rule |
|---|---|---|
| Loan amount | $12,000.00 | Confirm |
| Annual interest rate | 9.99% | Confirm |
| Payment | $254.89 monthly for 60 months | Confirm |
| Total cost of borrowing | $3,293.40 | Confirm |
| Did anyone else complete this application for you? | Yes / No | Fail on Yes |
| Passcode | SMS one-time code | Required |
Workflow
How it fits your process.
Application approved
Your loan origination system or merchant portal posts the approved terms.
Borrower confirms identity
A one-time passcode is required to open the verification.
Borrower confirms terms
Amount, rate, payment and total cost are confirmed and signed.
Funding proceeds
Funding teams see a passed verification and a complete evidence record.
When something's wrong
A fail rule, in practice.
The customer is reassured, your team is alerted, and the issue is documented, all within seconds of the answer.
About fail rulesRecommended features
What consumer finance & lending teams use most.
ID verification
Customers scan their government ID and take a live selfie. You get a pass or fail in minutes.
Learn morePasscode check (OTP)
Optional one-time passcode to confirm the right person is answering.
Learn moreFail rules & alerts
Catch problem sales the moment a customer flags them, not weeks later.
Learn moreAudit trail
Timestamped, tamper-evident evidence of every step, kept separate from the customer copy.
Learn moreMultilingual verification
Customers verify in English, French, Punjabi, Mandarin, Spanish or Arabic, with every translation approved by you.
Learn moreAPI & integrations
Trigger any verification from your CRM, DMS or sales app with one request.
Learn moreFAQ
Questions we hear often
Can verification be a condition of funding?
Is VerifiMe a credit bureau or KYC provider?
Let's build your consumer finance & lending verification.
Send us a sample contract. We'll turn it into a working questionnaire and show your team the customer experience, the report and the audit trail.