# Page 2 | Lendsqr Reviews 2026. Verified Reviews, Pros & Cons | Capterra > Page 2 - Is Lendsqr the right Loan Servicing solution for you? Explore 52 verified user reviews from people in industries like yours to make a confident choice. Source: https://www.capterra.com/p/10003412/Lendsqr/reviews --- Lendsqr 4.5 (52) [View alternatives](https://www.capterra.com/p/10003412/Lendsqr/alternatives/) Provider data verified by our Software Research team, and reviews moderated by our Reviews Verification team. [Learn more](https://www.capterra.com/our-story/) * * * Last updated March 13th, 2026 # Page 2 - Reviews of Lendsqr ## Showing most helpful reviews Showing 26-50 of 52 Reviews Sort by: Most Helpful Rating Company Size Reviewer's Role Length of Use Frequency of Use DO David O. Business Manager Food & Beverages Used the software for: I used a free trial ### "Lendsqr experience " August 7, 2024 5.0 Awesome coming across such a platform that create an avenue for small medium enterprises. Pros Instant response to customers requests, Act of making lending business seamlessly. Cons lendsqr is a great initiative and making life easy through transaction automation. Review Source Response from Lending Technologies December 17, 2024 Thank you for sharing your experience with Lendsqr. We’re pleased that our instant response and seamless automation are helping make lending operations efficient for businesses like yours. Supporting small and medium enterprises is central to our mission, and it’s encouraging to know the platform is creating value for you. We appreciate your trust in Lendsqr and remain committed to simplifying lending processes for you. OB Oluwadamilola B. Administration offer Cosmetics Used the software for: Less than 6 months ### "A very good app " October 23, 2024 4.0 Pros Fast and reliable customer support services. Cons The Delay of verification of documents. Review Source Response from Lending Technologies December 17, 2024 Thank you for sharing your feedback and for recognizing our fast and reliable customer support services. It’s great to hear you find Lendsqr a very good app! We acknowledge your concern about the delay in document verification. We’re actively working on improving our processes to ensure faster verification while maintaining accuracy and security. Your input helps us improve, and we’re here if you need any further assistance. HA Henry A. Financial Administrator Financial Services Used the software for: Less than 6 months ### "My experience so far with Lendsqr." August 12, 2024 4.0 The first day trying to set up my account it took a long time, I'd go on to read guides on how to proceed some stages, or go about something. I took my time to learn are various features that were available to be used, and it's been a great experience so far. Pros Lendsqr offers great insights into how my account performs, it sends a daily report to my email, which is very much appreciated. I get to view different analytics that would help me make various important decisions. Cons Well I think there are too many complex features, although one can get familiar with them overtime. Review Source Response from Lending Technologies December 17, 2024 Thank you for your detailed feedback. We’re pleased that the daily performance insights and analytics are helping you make informed decisions. We understand that some features may initially feel complex. We’ll continue refining user guides and onboarding resources to make the learning curve easier and faster. Your experience matters to us, and we’re glad you’ve found value in the platform so far. If you need further support, we’re here to assist. OA Obed A. Operations ofif Business Supplies and Equipment Used the software for: I used a free trial ### "Complains and recommendations" June 27, 2024 4.0 My over all experience was great so far, from the lenders point of view. It was an easy onboarding process Pros It is aesthetically pleasing and easy to use. There where proper documentation of the sign up process as a lender and video illustration of this as well. Cons Too many forms to fill that may not be relevant, not too comfortable inputting my BVN without a disclaimer when I was signing up as a borrower. No proper error messages Alternatives considered [Paychex Flex](https://www.capterra.com/p/119841/Paychex-Flex/) Reason for choosing Lendsqr Because of the security they offer to both lenders and borrowers, and ease in the process of setting of an account as a lender Review Source Response from Lending Technologies July 6, 2024 Thanks for your review of Lendsqr. Your feedback is appreciated and would feed into how we improve this for you and other lenders who trust us to power your businesses. As Lendsqr serves a regulated industry, the requirement for your BVN is important and even for you as a lender, asking for BVN from your borrowers is sacrosanct. Without BVN for example, you wouldn't be able to check credit bureaus for their credit history. EI Emmanuel I. Software QA Engineer Retail Used the software for: 6-12 months ### "Seamless and simplify user experience " June 30, 2024 5.0 I eill say the seamless, swift, simplify operations and a friendly user experience Pros Well, first and foremost, the company overall, amazing services and positive environment drew me in. Cons I can't think of anything, except for the constant emails, sms, and calls reminder for unending engagement with your products. Review Source Response from Lending Technologies July 20, 2024 Thanks for good review; we're happy we met your requirements. We're sorry if you had issues with email and SMS reminders. You can simply unsubscribe, and further reminders would be stopped immediately. OO Olatunji O. IT Adminstrator Financial Services Used the software for: Less than 6 months ### "TAL review" July 10, 2024 4.0 Pros What I like most about Lendsqr is its ease of onboarding, user-friendly interface, and smooth navigation. The service is faster compared to others, and the customer support is top-notch. Cons What I liked least about Lendsqr is that the charges are a bit high. Review Source Response from Lending Technologies July 20, 2024 Thanks for your review and we appreciate the ease of onboarding and customer experience. We're sorry you find the price high. We wish we could do this cheaper but a good software needs to be sustainable so we can always be there for you. Interestingly, we're probably the cheapest in our class when you factor in the features and other capabilities. AO Adedayo O. Administrator E-Learning Used the software for: Less than 6 months ### "Over all update of Lendsqr" August 6, 2024 5.0 Pros I like the way they are prompt to enquires Cons I like the functionality in their app the leas Review Source Response from Lending Technologies December 17, 2024 Thank you for your feedback. We’re glad to hear you appreciate our prompt responses to inquiries. We take note of your comment on the app's functionality. Continuous improvement is a priority, and your input helps us identify areas to enhance. If you have specific suggestions, we’re always ready to listen. DO DANIEL O. NA Philanthropy Used the software for: I used a free trial ### "Dandy's Review" July 19, 2024 5.0 Pros I love the platform interface and the easy navigation of the platform Cons The have some restrictions as regards loan application Review Source Response from Lending Technologies December 17, 2024 Thank you for your feedback, Dandy. It’s good to know that you appreciate the platform interface and how easy it is to navigate. We take note of your concern regarding loan application restrictions. These exist to ensure compliance and user safety, but we’re continually working to improve the process where possible. Your input is valuable, and we’re always here if you have further suggestions or questions. RA Ruqayat A. Product Support Accounting Used the software for: Less than 6 months ### "Growing with Lendsqr" July 6, 2024 4.0 I love the fact that Lendsqr is relentlessly serving and willing to lesrn from everyone who comes across the platform. Pros The fact that lenders wouldn't go through much stress to lend and to get back their money. Cons The options needs to come with relatable icons for humans that prefer graphics to writings Review Source Response from Lending Technologies July 20, 2024 Thanks for the feedback regarding the icons. We will definitely do something about it. OO Obioha O. CEO Consumer Electronics Used the software for: I used a free trial ### "Review of Lendsqr features" June 25, 2024 5.0 My experience with the application is great. Pros It very simple to use, not very expensive, and correctly suites my purpose Cons Nothing much for now. More features especially liability products should be added. Reason for choosing Lendsqr I think it is better, but I have to try it out first to find out Switched from [BankOne](https://www.capterra.com/p/236094/BankOne/) I just want to try out this one and see what happens. Review Source Response from Lending Technologies July 20, 2024 Thanks for the review, Obioha. We deeply appreciate this. Lendsqr has the liability features and it's as extensive as the loan features. But this is only available for lenders with license to accept deposits such as microfinance banks, finance houses, and cooperatives. If you're one of those, please get into with us urgently for us to activate this feature for you. OE Olusegun E. Staff Engineer Computer Software Used the software for: I used a free trial ### "Your Ultimate Digital Lending Ally" July 6, 2024 5.0 Pros Lendsqr provides means to seamlessly manage loans from approval to collections and has an intuitive UI for quick onboarding Cons Some constraints on advanced customization Review Source Response from Lending Technologies July 20, 2024 Thanks for your review of Lendsqr. We would be glad to know more about your constraints on advanced customization. You never know, there might be something for this in the features. AF Alloysius F. Hub Administration Information Technology and Services Used the software for: Less than 6 months ### "Alloysius Francis Review" June 29, 2024 3.0 Quite Intriguing. The fact that the customer was actually considered in the building phase, is clearly evident. Pros Simplicity of infrastructure, ease of use, customer service, effective UI Cons Whilst the information on their site is straightforward, a newbie would still need a helping hand which might prove difficult due to privacy restrictions Review Source Response from Lending Technologies July 20, 2024 Thanks for your review. We're sad that you find some aspects of the software difficult. We would be glad to know more about these issues so that we can make them easier for you and everyone else. Please get in touch with us. GE Godwin E. CEO Computer Software Used the software for: Less than 6 months ### "Credits to Lendsqr" June 18, 2024 5.0 Really amazing, easy to use and self-explanatory Pros It’s simplicity of use and navigation. Responds fast to clicks Cons I haven’t found anything I dislike yet about Lendsqr Review Source Response from Lending Technologies July 20, 2024 Thanks for your good reviews. EA Emmanuel A. Manager Entertainment Used the software for: Less than 6 months ### "Awesome platform" July 7, 2024 5.0 Pros I love the fact that you can be in control of the interface as the lender Cons Nothing for now that i can relate, but will let you known once i find something. Review Source Response from Lending Technologies July 20, 2024 Thanks for your feedback. We wish you a successful lending career. VO Victor O. Admin Consumer Goods Used the software for: Less than 6 months ### "Happy User. " June 27, 2024 5.0 I've had an exciting experience on Lendsqr. The whole features are easy to navigate. The loan tenor is quite considerate. Pros The user interface is user friendly and the navigation is easy. Cons The fact that I have to upgrade before I get access to some features. Review Source Response from Lending Technologies July 20, 2024 Thanks for the good reviews about navigation and user friendliness. Regarding the upgrade, unfortunately, customers have to pay for features so that we can be sustainable and always there for you. Kindly upgrade to the level that fits your business, and we promise you won't regret this. cS covenant S. Holder Information Technology and Services Used the software for: I used a free trial ### "Eased Loan services" July 15, 2024 3.0 Pros The breakdown of their features and vast categories of services Cons The Loosed focus of some of their user interface Review Source Response from Lending Technologies July 22, 2024 Thanks for your review. But we're confused about issue with the platform. Would be grateful if this can be explained further. AA Adewole A. Social media manager Marketing and Advertising Used the software for: I used a free trial ### "Encouragement " July 3, 2024 5.0 Pros The user friendly interface,Easy navigation etc Cons Disturbing calls from Customer service, inability to deactivate account Review Source Response from Lending Technologies July 20, 2024 Hello Wole, we're so sorry to hear about disturbing calls from our Customer Service. Are you able to engage with our team regarding this? By the way, you can delete your lending account in Lendsqr. Just head over to the profile section. JB John B. Quality Assurance Engineer Information Technology and Services Used the software for: I used a free trial ### "Streamlined Lending with a Connectivity Caveat" July 13, 2024 5.0 Pros Comprehensive tools streamline the entire lending process. Cons Requires reliable internet connectivity, which can be a limitation in areas with poor internet access. Review Source Response from Lending Technologies July 22, 2024 Thanks so much for the good reviews. Unfortunately, as Lendsqr is cloud-based SaaS software, you need internet to use it. OE Ozioma E. None Financial Services Used the software for: I used a free trial ### "Easy to use" June 30, 2024 4.0 Pros Lendsqr is cost-effective, an individual who wants to go into lending services online need not pay to start. Cons The free plan limitation is the only thing i did not like Review Source Response from Lending Technologies July 20, 2024 We're glad that you love Lendsqr for individual lenders. But as a business ourselves, we would need to earn revenue to be there to serve you. Kindly upgrade to a plan to meets your need. We promise that you won't regret it. YA Yinka A. Founder Financial Services Used the software for: 1-2 years ### "We launched our lending quick and cost-effectively" March 13, 2023 4.0 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 Review Source Response from Lending Technologies May 31, 2024 Thanks for the feedback. We acknowledge this problem which has been raised a few times. However, we have then spent considerable time making things easier and faster. We would be glad to discuss this further with you. Please email support@lendsqr.com. Faithful A. CEO Banking Used the software for: Less than 6 months ### "Lendsqr Product Review" May 16, 2023 5.0 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. Review Source Response from Lending Technologies May 31, 2024 Thanks for the feedback and we look forward to being better than ever. VR Verified Reviewer CEO Information Technology and Services Used the software for: I used a free trial ### "Lendsqr- Review" May 12, 2023 3.0 Pros The speed in sending out payment to eligible users Cons Integration is quite stressful, slow customer support response and timeout needs to be editable. Review Source Response from Lending Technologies May 31, 2024 We're very sorry about this experience. Would you be kind enough to reach out to support@lendsqr.com and we would be glad to help resolve any issues. TI Timmy I. CEO Computer Software Used the software for: I used a free trial ### "Best Product for lending and payments" August 16, 2023 5.0 Pros The customer service, all features available to trial members as we're still using to learn what features are necessary for our integration. Cons The sign up process was hectic. I had tried several times. Password reset was hard, sign up got me trying multiple times. Review Source Response from Lending Technologies May 31, 2024 We're sorry you had this experience. If you haven't completed your sign up, please email support@lendsqr.com and we would personally handhold you through this. VR Verified Reviewer Partner Marketing and Advertising Used the software for: Less than 6 months ### "A great Lend As A Service (LAAS) Platform" April 4, 2023 4.0 Pros A good way of starting a lending business via a tremendous platform. Cons Not mobile friendly due to security reason best known to them. Review Source Response from Lending Technologies May 31, 2024 Thanks so much for this feedback. We understand that almost everyone is on the move these days and they need apps to be mobile friendly. We have since made significant investment into making Lendsqr work well with mobile. In fact, we have released an app in the Google Play Store. DU David U. CEO Financial Services Used the software for: Less than 6 months ### "Review by Ezfunds" March 29, 2023 4.0 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 Review Source Response from Lending Technologies May 31, 2024 Sincere apologies for the poor experience regarding the customer support. You must have found in a rare moment that didn't meet your expectations Similar Products Featured