FAQs about Lendsqr Payments
Frequently asked questions about how Lendsqr manages payments and transfers for lenders.
Direct debit (DD) is a means of payments that allows an account holder to give permission to another entity (company, lender, etc.) to take money from their...
Sun, 9 Jul, 2023 at 2:46 PM
No, you can't use Remita Direct Debit to pay for a loan before it is due. This is because Remita DD would be activated automatically to manage your repa...
Wed, 28 Jun, 2023 at 12:38 PM
To set the loan amount multiple for a loan product, follow the steps below. Login to the Lendsqr Admin Console with your admin credentials. Click the...
Sat, 2 Mar, 2024 at 11:22 PM
On the Lendsqr platform, lenders have the convenience of utilizing alternate payment methods through the integration of Remita Direct Debit and Paystack Par...
Sun, 9 Jul, 2023 at 3:27 PM
This happens when a current debit instruction has been sent to the bank to debit the user’s account before the card gets charged. For situations like this, ...
Tue, 16 Aug, 2022 at 6:37 PM
Users would be unable to add their bank accounts for direct debit if their bank is not available for Remita DD. First bank, Stanbic IBTC, and Standard chart...
Sun, 9 Jul, 2023 at 4:01 PM
If a user's loan is past due but the money has not been taken, there could be various reasons for this occurrence. Here are some of the common factors t...
Sun, 9 Jul, 2023 at 4:21 PM
When using Remita for Direct Debit (DD) on Lendsqr, it's important to note that currently only Nigerian banks supported by Remita can be utilized for th...
Sun, 9 Jul, 2023 at 4:24 PM
This is the amount set by the lender to account for any charge the borrower might incur for defaulting or late payment. As a lender, you can decide to set a...
Fri, 21 Jul, 2023 at 5:10 PM
Follow the steps below to configure direct debit. Login to the Lendsqr Admin Console with your admin credentials. Click on the “Loan Products” sub-tab...
Sat, 2 Mar, 2024 at 11:06 PM