Eligibility Check

The LAMF Eligibility Check section focuses on verifying user identity through OTPs (One-Time Passwords) and determining their loan eligibility based on their financial portfolios. This section is vital for maintaining security and assessing borrowing potential.

APIs under LAMF Eligibility Check:

Generate OTP

This API generates an OTP and sends it to the user. The OTP is a security measure, ensuring that the right person is requesting access to sensitive information such as their Consolidated Account Statement (CAS). It’s the first step in identity verification.

Validate OTP

Once the user enters the OTP, this API checks whether it’s correct. If validated, the system can proceed with actions that involve sensitive data, like checking loan eligibility. It’s the key to ensuring that the user is who they say they are.

Get Eligibility

After successfully validating the OTP, this API determines the user’s loan eligibility. Based on their financial portfolio, it provides information about how much the user can borrow, the interest rates, and loan terms from various lenders. It helps users understand their borrowing potential and options.