What is loan fraud and red flags to spot fraudulent borrowers
FAQs

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

Are lenders evil for charging high interest rates?
Lending

Are lenders evil for charging high interest rates?

The average lender today typically charges 4% — 10% per month (48% — 120% per year). Whoa. It makes you wonder how they recover loans at these rates. At first glance, it seems outrageous, even exploitative but there’s more to the story when you consider the risks and costs lenders face in Nigeria’s financial landscape.

How to use SeerBit with Lendsqr for loan repayment
FAQs

How to use SeerBit with Lendsqr for loan repayment

The last thing you want is chasing down repayments. That's why Lendsqr has partnered with SeerBit, one of Africa's payment champions.