As a lender on the Lendsqr admin console, you have the ability to view all details pertaining your customers mandates.
Mandates are crucial in digital lending because they reduce the chances of missed or delayed payments. Once a mandate is activated, the lender can debit the customer’s account on scheduled dates, improving repayment consistency and reducing default risks.
1. Login to the Lendsqr Admin Console with your admin credentials.
2. Click on the “Customers” sub-tab under the “Customer Management” tab and search for the user.
3. Click on Bank details and scroll to the bottom to see the mandates available.
A green mandate indicates it is activated, while a yellow mandate means it is still pending activation.
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