FAQs on Loans and Savings

Answers questions relating to loans and savings

What is a Loan product?
A loan product, within the Lendsqr lending system, is a set of parameters that represent a loan that any or specific customers can request for. The loan pro...
Wed, 10 Jan, 2024 at 7:18 PM
What is a tiering system?
The Lendsqr tiering system gives lenders more control over the platform. It is also a good security feature as it ensures that only the users who have met y...
Mon, 3 Jul, 2023 at 11:41 AM
What is the difference between manual and automatic disbursement?
Manual disbursement is when a member of your team disburses the loan manually to a customer by approving the loan after they must have performed all necessa...
Wed, 10 Jan, 2024 at 10:10 PM
What is Whitelist on the Lendsqr Admin Console?
Whitelist is a special feature on the admin console and it is located under the "Customer Management" tab in the Customer’s section of the side na...
Sat, 2 Mar, 2024 at 9:06 PM
Why are users not eligible for loans?
Lenders can configure their decision models, the rules that drive loan eligibility, using hundreds of data points on the Lendsqr platform. Whenever a custo...
Wed, 10 Jan, 2024 at 7:20 PM
How do you check why a user's loan failed?
To check the reason why a user's loan request was not successful, simply log into Lendsqr Admin Console using the following steps: On the "Cus...
Sat, 2 Mar, 2024 at 11:16 PM
Why are users not eligible for loan?
A Lendsqr lender can configure their decision models, the rules that drive loan eligibility, using hundreds of data point on the Lendsqr platform. Whene...
Sun, 29 May, 2022 at 8:23 PM
Difference between straight line and reducing balance?
With straight line repayment, the interest on the loan is calculated equally per period and the Equated Monthly Installment (EMI is the same. The same compo...
Wed, 10 Jan, 2024 at 7:30 PM
What is Whitelist on the Lendsqr Admin Console?
Whitelist is a special feature on the Lendsqr Admin Console and it is located under the "Customer management" tab in the Customer’s section of the...
Sat, 2 Mar, 2024 at 9:05 PM
What is a Loan product?
A loan product, within the Lendsqr lending system, is a set of parameters that represent a loan that any or specific customers can request for. Lenders ...
Wed, 10 Jan, 2024 at 10:06 PM