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  1. Lenmo Inc
  2. FAQ

FAQ

General

  • How does Lenme work?
  • Why is my transaction still pending?
  • How do I redeem a promo code for the Lenme App on my Android device?
  • How can I increase my limit for the loan?
  • How does refer a friend work? 
  • What is Lenme?
See all 21 articles

Investor

  • What happens if the borrower defaults on their loan?
  • How can I transfer money from my bank account to Lenme account and vice versa?
  • How can I cancel my offer?
  • What does hard inquiries mean in the borrower's profile?
  • What does credit utilization mean in the borrower's profile?
  • What does payment history mean in the borrower's profile?
See all 11 articles

Borrower

  • What happens after I accept an offer from the investor?
  • My loan request status is "Pending" - what does that mean?
  • How can I cancel my loan request?
  • Can I pay my loan using a credit card?
  • How long does it take to get my loan funded?
  • How long will my loan request be posted to potential lenders?
See all 12 articles

Crypto-Backed Loans

  • How does Lenme determine the maximum loan amount?
  • How long is the payback period for the crypto-backed loans?
  • In case of liquidation, does Lenme charge any additional fees?
  • What are Crypto-Backed Loans?
  • What crypto-exchange wallets does Lenme currently support?
  • What fees do borrowers pay for Crypto-Backed loans?
See all 11 articles
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