Loan is past due but money is not taken from users’ accounts. : lendsqr

Loan is past due but money is not taken from users’ accounts. Print

Modified on: Tue, 16 Aug, 2022 at 6:38 PM

Below are some of the reasons why a user’s loan might be past due but money not taken.

User has insufficient funds
Users with bank accounts at GTBank and Zenith Bank require that their account be whitelisted by their bankers. This process is automatically managed by the Lendsqr support team that send the instructions to the Remita team to engage with the banks.

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