As a Lendsqr lender, you have complete control over your account — including the option to delete it at any time. This may be necessary when winding down your lending operations, restructuring your business, or switching to a new lending platform.
When can you delete your account?
While the option to delete your Lendsqr lender account is available to all lenders, the process may be subject to an internal audit. This is especially true if there are unresolved wallet balances, pending repayments, or compliance-related concerns.
Before proceeding, ensure that:
- All loan obligations and repayments have been settled
- Wallet balances have been withdrawn or transferred
- Your organisation has no ongoing compliance reviews
Adebank Microfinance, a digital lender on Lendsqr, recently decided to exit the nano-lending market and transition into insurance services. Before deleting their account, they cleared all outstanding repayments, zeroed out their wallet balance, and worked with Lendsqr support to complete an audit. Once all requirements were met, they deleted their lender account directly from the dashboard without issues.
How to proceed
To begin the account deletion process, visit this help article: How to Delete Your Organization
The guide provides step-by-step instructions to remove your organisation from the Lendsqr platform.
Should you have an issue while deleting your account, contact support@lendsqr.com.