Lendsqr

RATING:

4.4

(12)

About Lendsqr

Lendsqr is an end-to-end digital lending platform that automates the entire credit lifecycle for lenders. Lendsqr serves banks, microfinance institutions, fintechs, SME lenders, and human resources departments looking to digitize and scale their lending offerings. The platform provides configurable decision models to evaluate borrower creditworthiness beyond the surface level. Lendsqr has digitized the entire loan origination process for a streamlined experience. Borrowers can repay loans through multiple digital channels set up by the lender. Customizable loan forms collect relevant data to inform smart lending decisions. Lendsqr integrates with payments, data providers, and one of Nigeria's largest blacklists to verify borrowers and check for fraud. The platform off...

Lendsqr Pricing

Lenders may pay a one-off implementation cost, and then monthly subscriptions. Additional charges may be incurred for extra services

Free trial: 

Available

Free version: 

Available

Get started in minutes with easy to use guides
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Lendsqr Reviews

Overall Rating

4.4

Ratings Breakdown

Secondary Ratings

Ease-of-use

4.5

Customer Support

4.5

Value for money

4.5

Functionality

4.5

Most Helpful Reviews for Lendsqr

1 - 5 of 12 Reviews

User Profile

Faithful

Verified reviewer

Banking, 2-10 employees

Used daily for less than 6 months

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

4

FUNCTIONALITY

5

Reviewed May 2023

Lendsqr Product Review

My overall experience with lendsqr was exhilarating and very satisfying. It solved majority of my lending problems!

PROS

What i like most about lendsqr is the safety assurance it comes with and the easily accessible technology it offers to me as a Lender

CONS

While they have an impressive customer support system, an artificial intelligence feature could be added for better customer support.

Yinka

Financial Services, 2-10 employees

Used daily for less than 2 years

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

3

VALUE FOR MONEY

4

CUSTOMER SUPPORT

3

FUNCTIONALITY

5

Reviewed March 2023

We launched our lending quick and cost-effectively

PROS

You can set up your lending business with access to the best features in minutes. There are tons of world-class features available out of the box.

CONS

Lendsqr can be complex for non-tech. The reports also need to be more dynamic and interactive.

Reason for choosing Lendsqr

Offers instant set up. The most cost effective

Martins

Information Technology and Services, 2-10 employees

Review Source: Capterra

OVERALL RATING:

3

EASE OF USE

3

VALUE FOR MONEY

3

CUSTOMER SUPPORT

3

FUNCTIONALITY

3

Reviewed June 2023

Service Review

PROS

User interface very interactive and responsive

CONS

Most features are available compared to other similar SaaS solutions

Vendor Response

Thanks for your review. However, I would be glad to get a better insight into your "cons" as they not sound like a con.

Replied April 2024

Ayodeji

Accounting, 1 employee

Review Source: Capterra

OVERALL RATING:

5

EASE OF USE

4

VALUE FOR MONEY

3

CUSTOMER SUPPORT

5

FUNCTIONALITY

3

Reviewed August 2023

Jegede Ayo’s Review

It is been great so far. Although some hiccups were experienced but the support from the helpdesk made the integration easy for me.

PROS

The loan products and then support I get from the support officer has been the most impactful thing about lendsqr

CONS

The bank/card addition can be improved by the inclusion of different means of getting the loan paid to a bank account or perhaps, payment setups by a borrower to the lender.

Reason for choosing Lendsqr

Because so far and by record, Lendsqr has been the best and will still continue to be the best years to come.

Vendor Response

Thanks for your review of Lendsqr. We have improved the bank and card additions. We have also provided other payment channels such as direct debit.

Replied April 2024

David

Financial Services, 2-10 employees

Used daily for less than 6 months

Review Source: Capterra

OVERALL RATING:

4

EASE OF USE

5

VALUE FOR MONEY

5

CUSTOMER SUPPORT

3

FUNCTIONALITY

5

Reviewed March 2023

Review by Ezfunds

It made running a loan company easy

PROS

The seamlessness ie the ease with which I can manage my loan and the security put in place so lenders can pay back

CONS

The customer support service response time fell few and far between