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Get answers to all your questions about Lendsqr.

Lendsqr is a software platform for small and individual lenders to originate loans, score credits using credit bureau services or machine learning algorithms, collect and recover loans, and provide reports and analytics.

At the moment, Lendsqr only operates in Nigeria, but we would soon launch our services in other African countries.

An individual lender is anyone who lends on the Lendsqr platform as a side hustle without a Money Lender License.

A business lender is a registered business with a Money Lenders License. A business lender runs lending as a full-time business.

Yes, it is absolutely free. However, Lendsqr charges on collections. For every collection made, Lendsqr charges a base fee of 200 + 2% of transaction size. See more

Lendsqr doesn’t give out loans. Lendsqr is a platform used by small and individual lenders to manage their lending process.

In some instances, we’re required to collect, verify and maintain certain information to help prevent potential fraud. We treat this information as extremely sensitive and take privacy and security seriously.

This is usually down to emails being considered junk or spam. Check your mailbox junk or spam folder. You can also contact our support for further assistance.

Apart from the contact information to create a profile, Lendsqr leaves a lot up to you. However, you can select which details you want to request from your client.

Yes, a borrower can be a lender as long as you have the capital to lend out.

Yes, you can register as an individual lender and use Lendsqr for your lending.

As a lender, Lendsqr gives you the privilege to lend out any amount to your borrower.

Yes, as a lender, you can have more than one loan product on your profile for your borrowers.

Lendsqr does not meddle with the business of lenders, hence, lenders can dictate the interest that best meets their business needs.

Lendsqr has an automated repayment feature that enables Lender to recover their monies from the borrowers' account, but we do not stand as guarantors for Lenders.

To edit your personal details, go to “Settings” and click “Lender Details” to edit your personal details.

Lendsqr uses world-class data security and encryption techniques to protect all the information you share with us. We do not sell your data or credit profile.

Please read our “Terms of Use” and “Privacy Policy”. here

If you would like to close your account, ensure that you do not have any active loan products with borrowers and then reach out to support, after which your account will be deleted.

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+234 809 666 88 77

Commonly Asked Questions

Lendsqr is a software platform for small and individual lenders to originate loans, score credits using credit bureau services or machine learning algorithms, collect and recover loans, and provide reports and analytics.

As a lender, Lendsqr gives you the privilege to lend out any amount to your borrower.

Yes, it is absolutely free. However, Lendsqr charges on collections. For every collection made, Lendsqr charges a base fee of 200 + 2% of transaction size.See more

Lendsqr doesn’t give out loans. Lendsqr is a platform used by small and individual lenders to manage their lending process.