Products management
Creating loan products that solve problems for everyone can be quite interesting. The possibilities are endless, and the value that these create can be exhilarating. But these many possibilities can become complex very quickly. With Lendsqr you can create bespoke loan products for SME funding, education, healthcare, supply chain, BNPL and lots more.
Products that solve problems
Create loan products that fit different needs. For example tenors can be in days, weeks, months, and years.
Disburse directly to customer's wallets, bank accounts or even third-parties.
Choose the channels for which your loan products can be available or even get them embedded in websites, emails, or SMS to your customers.
Manage interests and fees for all possible scenarios
You have the flexibility to offer borrowers competitive and personalized interest rates. Whether it's a fixed interest rate or a variable rate.
Irrespective of your interest rate, you can configure a minimum amount of interest just to make lending worth the while.You can also configure your fees in various shapes and forms; Flat, percentage or even hybrid.
And for defaulters, you have configurable penalty fee configurations but with options to cap the maximum amount charged per day or in all.Best of all, your fees can be derived from the principal, interest, or a combination of principal + interest.
Guarantors can help reduce the risk
When you think your borrowers may need support of a guarantor in case of a default, easily configure the loan product to require guarantors.
You can specify from 1 to N number of guarantors and each of these guarantors must meet your minimum risk acceptance criteria.
You can specify how long the primary borrowers should be in default before you activate repayments from their guarantors. Obviously, the system informs guarantors their the borrowers they are guaranteeing are not paying.
Configurable forms
Get all the data you need to make the best lending decision.
We provide lenders in the Lendsqr ecosystem the opportunity to customize their loan application forms with our configurable loan forms feature.
These forms support different types of data such as text, paragraphs, dates, uploads, and more.
You can also have smart inputs which connect online real time to API sources to validate the data the customer is providing
Manual loans
Book loans manually for customers on the go
With our manual loan booking feature you can book loans offline for your customers, providing them with access to credit wherever and whenever they need it.
Cover all your customers even those who don’t have access to your web and/or mobile app.
Explore how our Lenders use Lendsqr
Read all about how Blocka cash got it’s groove with the support of Lendsqr.
Get started with Lendsqr
Want to see first-hand how Lendsqr can push the boundaries of your lending business? Sign up now for free and check it out, we’ll be with you every step of the way
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