Daily collection loan is simplest money lending technique as the loan amount will repay on daily installment basis. This is very useful to small business firms, as they can avail fund according to their need and the flexibility to repay the amount with out much harming their financial operations. Daily collection loan is generally operated for a small duration, example for period of 100 days, and total interest payable for the loan period will collect at the time loan payment itself as initial payment.
Multiple DL schemes loan payment
Various interest percentages for PL
Penal amount chargeable on daily basis
Provision extend collection day on holidays
Automatic calculation of daily collection amount
Customizable loan period and interest rate
Photo capturing facility and digitalize documents
Collection of various overheads
Provision for guarantors
Executive wise collection and commission payment
Calculate liability and assets with the company of customers and guarantors
Integration of palmtop collection machine
SMS alert on due amount and daily collection amount