Operational Policies
Daily Loan Rules & Guidelines
Transparent, straightforward rules for daily business financing. Understand how interest, repayments, and grace periods work.
1. Loan Sizing & Interest Formulation
Loans are designed specifically for daily cashflow support of commercial retail operations:
Loan Duration30 to 100 Days
Interest StructureFlat Compounded Rate (10% / month)
Formula: Daily Due = Total Payable ÷ Duration in Days. Zero hidden paperwork charges.
2. Field Collection Protocol
Authorized recovery agents visit your registered shop address daily between 08:30 AM and 05:00 PM.
- Always demand a digital receipt verification on the spot from the agent's mobile device.
- A digital SMS or passbook notification is updated in real-time immediately upon cash handover.
3. Defaulter Rules & Missed Days
- Single Missed Day: Marked as “Missed”. Can be settled the subsequent day alongside the current day's installment without penalty.
- 3 Consecutive Missed Days: The system automatically flags the loan on the central Executive Defaulters Matrix. Recovery supervisors are dispatched.
- 7+ Missed Days: The facility may be terminated and referred for recovery through designated legal representatives.
4. Loan Completion & Renewal Eligibility
Once your total amount paid equals the total repayment target, your loan status automatically transitions to “Completed”. Shopkeepers with a 100% on-time daily recovery history are instantly pre-approved for higher loan ceilings with discounted interest rates on their next cycle.