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FAQ's

Frequently asked questions

Solution for small businesses, lenders and shopkeepers to enable the recording of credit/payment transactions digitally across the country

What is LendStack?

LendStack is a software platform for small and individual lenders to originate loans, collect and recover loans, and provide reports and analytics. In the next version, we are going to include credit scores using credit bureau services, messaging services and machine learning algorithms.

What is the minimum/maximum amount I can lend out?

As a lender, LendStack gives you the privilege to lend out any amount to your borrower.

Is it Free to use the Platform?

Yes, it is free. However, LendStack will have a subscription pricing model in future. Initial few customers who are heavily using or have moved their business operations completely will be provided free for lifetime.

Does LendStack give out Loans?

LendStack does not give out loans. LendStack is not a lender, does not broker online loans to lenders or lending partners, neither make offers for loans nor gives out loans. LendStack creates platforms for parties such as small and individual lenders to scale up their lending business.

In which Countries does LendStack Operate?

LendStack currently provides services for Indian companies and would be expanding into South East Asia soon. As a company, we are incorporated in Europe and India. LendStack can be operated across the world by changing the currency and location in the Settings Panel.

Who is an Individual Lender?

An individual lender is anyone who lends on the LendStack Platform as a side hustle without a Money Lender License.

Who is a Business Lender?

A business lender is a registered business with a Money Lenders License. A business lender runs lending as a full-time business.

What product does LendStack offer?

LendStack provides lending-as-a-service platforms which include products like web apps, mobile apps, 3rd party integrations for decision-making, etc. For more information about our products and services, please visit our website.

Why does LendStack need to verify my details?

In some instances, we’re required to collect, authenticate and maintain certain information to help prevent potential fraud. We treat this information as extremely sensitive and take privacy and security seriously.

Why did I not get a mobile verification mail?

LendStack currently provides services for Indian companies and mobile numbers are verified for Indian users. We would be expanding into South East Asia soon.

What are LendStack terms of service and privacy policy?

LendStack terms of service can be found at https://lendstack.in/terms and the privacy policy can be found at https://lendstack.in/privacy-policy.