Our 5-Stage Lender Verification Protocol
1. Corporate Entity & Legal Verification
We query the official Registrar General of Companies registry in Colombo to confirm that the operating company is duly incorporated under the Companies Act No. 7 of 2007. We reject any unregulated individual lenders or anonymous apps.
2. Contract Cost & APR Mathematical Auditing
Many digital lenders quote costs in daily fee percentages (0.5%–2.2%/day). Our financial analysis team independently recalculates and publishes the true annualized equivalent (APR) to provide clear comparison against traditional banking products.
3. Data Privacy & Permission Audits
We verify that the lender operates via secure HTTPS web portals without demanding intrusive mobile permissions (such as access to your private phone contacts, SMS history, or personal photos).
4. Ethical Debt Recovery Standards
We review customer service records and enforce zero tolerance for predatory harassment. Lenders that hold membership in DALA (Digital Alternative Lending Association) receive preference due to their binding ethical code of conduct.
5. Technical Payout Reliability
We verify that loan payouts are delivered directly to licensed commercial banks in Sri Lanka via established banking switches (CEFTS/SLIPS) without demanding unauthorized cash deposits upfront.