Identifying users whose loans are past due is crucial for managing repayments and minimizing defaults. On Lendsqr, you can easily access this information through built-in reports designed for lenders.
A past due loan is any loan that was supposed to be fully repaid by a specific date but remains unpaid beyond that date. For instance, if a borrower’s repayment deadline was January 31, 2023, and by February 1 there is still an outstanding amount, even as little as N0.01, the loan is marked as past due.
How to find past due loans on Lendsqr
Getting the data of the customers owing or past due is critical. However, this is very simple to get in Lendsqr.
- Login to the Lendsqr admin console at https://app.lendsqr.com/
- Scroll down on the side menu and click on Reports
- Select the Past due loans report
This report has all the details a lender needs to engage with these customers or make a decision.
Also read: Improve your loan repayments with these common sense tactics