Can a user delete their card from the app?
App users can delete their linked cards from the app at any time. However, this is subject to not having an active loan at the time of deletion if not, they...
Sun, 29 May, 2022 at 7:40 PM
Can I disburse loans to user's bank account directly?
When creating a loan product, a lender has the option of specifying where the loan amount should be disbursed to which can be a choice of the wallet or the ...
Sun, 29 May, 2022 at 7:43 PM
Can I prequalify customers for loan?
A Lendsqr lender can prequalify customers for loans which means these customers would not be subjected to the lenders normal Risk Assessment Criteria and de...
Sun, 29 May, 2022 at 7:46 PM
Can my users apply for loans outside Nigeria?
Lendsqr lenders make the decisions of where their borrowers can come from. A lender comfortable with borrowers from outside of Nigeria can allow borrowers f...
Sun, 29 May, 2022 at 7:49 PM
Can user take a loan without a card?
Users of Lendsqr powered apps cannot take a loan without linking a valid bank card to the app. This is to process loan repayment as a user can pay via bank ...
Sun, 29 May, 2022 at 7:51 PM
Difference between straight line and reducing balance?
With straight line repayment, the interest on the loan is calculated equally per period and the EMI is the same. The same component of interest is payable f...
Sun, 29 May, 2022 at 7:59 PM
How do you check why a user's loan failed?
To check the reason for why a user's loan request was not successful, simply log into Lendsqr Pecunia Admin using the following steps: Seach for t...
Sun, 29 May, 2022 at 8:03 PM
How long can grace period be?
A grace period is the number of days after which a loan is past due before the system starts to charge a default fee. A Lendsqr lender can configure a grace...
Sun, 29 May, 2022 at 8:12 PM
What does abandoned loan request mean?
An abandoned loan is a loan request which a customer has received a loan offer but either canceled it or refused to accept it. After a period, the system wo...
Sun, 29 May, 2022 at 8:15 PM
What does cancelled loan status mean?
A loan gets this status when the user changes his mind about a loan request and cancels it before it gets approved
Wed, 1 Jun, 2022 at 4:45 PM