Frequently asked questions on direct debit setup and authorization
Direct debit setup and authorization can be confusing for both lenders and borrowers, especially when it involves mandates, bank approvals, repayment schedules, failed debits, and consent requirements. This article answers some of the most common questions about direct debit systems, explaining how authorization works, how mandates are created and managed, what causes debit failures, and the best practices lenders should follow to ensure compliant and reliable repayment collections.
Top 5 loan apps for K15,000 loan in Zambia
Not all loan apps are the same. Despite the horror stories, there are a handful that do exactly what they say, delivering quick cash when you need it most. In this article, we highlight the top 5 loan apps in Zambia that offer up to K15,000, focusing on speed, reliability, and ease of use to help you get the funds you need without unnecessary hassle.
Why you need to work at Lendsqr and how to land a role with us
You’ve successfully passed the initial screening — congratulations! Now you’re entering the interview phase, and we want to help you prepare. Here’s a step-by-step breakdown of what to expect, and how to make the most of your opportunity with us.
Half of the year is gone but the other half is going to be awesome
We’ve officially reached the halfway point of 2024. In the past six months, we’ve introduced new features and improvements to help you manage your loan business better, and we’re grateful for your continued trust and support. Here’s a look at what we’ve achieved so far and what’s ahead for the rest of the year.
Your admin console is now an Android app and on the Google Play Store
The Lendsqr admin console is now available as an Android app on the Google Play Store. Manage your lending operations, access key features, and stay on top of your loan business wherever you are, directly from your mobile device.
How to secure your MFB license in Nigeria
Thinking about starting a microfinance bank in Nigeria? Securing an MFB license is an important step, but the process involves specific regulatory requirements, documentation, capital requirements, and approval procedures. This guide explains how to secure an MFB license in Nigeria, the different licensing options available, what you need to prepare, and the key steps involved in the application process.
A state of emergency! Without student loans, Nigeria has no future
Student loans are the bridge between potential and success in many parts of the world. Yet the cost of acquiring education has become increasingly prohibitive for many Nigerian families.
Student Credit: Helping Nigerian students take care of bills other than tuition fees
Nigerian students need more than tuition fees and we’re here to help them with Student Credit. Explore how it works and where you can access it right now
5 benefits of tracking all your bank accounts in one app
Managing multiple bank accounts can make it difficult to keep track of your money, transactions, and spending. Using one app to monitor your accounts gives you a clearer view of your finances, helping you stay organised, spot unusual activity, and make better financial decisions. Here are five benefits of tracking all your bank accounts in one app.
How we are using AI and ChatGPT to transform our internal support
AI and ChatGPT are changing how teams work, and at Lendsqr, we are exploring how they can make internal support faster, more accessible, and more useful. In this article, we share how we are using AI to help employees find answers, solve everyday challenges, and get the support they need without always waiting for someone to respond.
What is loan fraud and red flags to spot fraudulent borrowers
Lending comes with its risks, and adding tech into the mix can make things even trickier. Loan fraud has gotten pretty sophisticated, here's what you need to watch out for
