Paisa Daily Loan
Get up to ₹50,000 in your account within 2 hours after approval with Paisa Daily, 100% digitally. Paisa Daily offers instant loans with quick approval to salaried individuals. An interest rate of 1% per day will be charged on the principal, along with a processing fee of 10% of the loan amount + GST. The repayment has to be made in 30 days as a single repayment at maturity.
Paisa Daily Personal Loan Details
Below are the key details of the PaisaDaily Loan:
| Loan Amount | ₹1,000 to ₹50,000 |
|---|---|
| Interest Rate | 1% per day (flat on principal) |
| Loan Tenure | 30 days |
| Processing Fee | 10% of loan amount + GST |
Features & Benefits of Paisa Daily Loan
- Instant loan up to ₹50,000, depending on your income and credit profile.
- First-time borrowers typically qualify for loans up to ₹25,000.
- Higher limits unlocked after successful repayment.
- 100% digital process requiring no branch visits and no waiting.
- Instant decision with AI-powered underwriting.
- Approval in under 30 minutes, any time of day.
- Complete the process entirely on your phone, including e-KYC, e-Sign, and e-NACH.
- From application to repayment, zero physical contact.
- Minimal documents, including just Aadhaar, PAN, and 3 salary slips.
- No guarantors or collateral required.
- Zero prepayment penalty.
- Interest calculated only for days the amount is used.
- Exact charges shown before you apply.
- Individuals with low CIBIL scores are also eligible.
- Once your loan is approved and the eNACH mandate is registered, funds are transferred within 2 hours by IMPS.
- The cooling-off or look-up period lets you exit the loan within 3 days of disbursal by repaying the principal plus the proportionate APR for that period, without any penalty.
Paisa Daily Loan Interest Rates & Charges
The interest rate, processing fee, and other charges associated with the Paisa Daily loan are mentioned below:
- Interest rate: 1% per day flat interest on the principal.
- One-time processing fee: 10% of the loan amount + 18% GST.
- Late/missed payment charges: 1.25% per day on the overdue amount.
- EMI/ auto-debit bounce charge: ₹500 + 18% GST (₹590) per failed debit.
Compare Paisa Daily Loan App with Other Loan Apps
Below is the comparison table for the Paisa Daily loan app with other loan apps:
| Lender | Interest Rate | Loan Amount | Tenure |
|---|---|---|---|
| Paisa Daily | 1.00% per day | ₹1,000 - ₹50,000 | 30 days |
| Snap Paisa | 1.25% - 2.92% p.m. | ₹5,000 - ₹1 Lakh | 61 to 365 Days |
| Salary Adda | 0.9% p.m. onwards | ₹10,000 - ₹1 Lakh | 91 to 365 Days |
| Jet Fund | Up to 3% per month | ₹5,000 - ₹1 Lakh | 91 to 365 Days |
| Dhan Pocket | 0.50% per day onwards | ₹5,000 - ₹1 Lakh | 7 Days to 3 Months |
| CreditSea | 14.00% p.a. onwards | ₹10,000 - ₹2 Lakhs | 3 to 36 Months |
| SalaryOnTime | 0.25% per day onwards | ₹10,000 - ₹1,20,000 | Up to 12 Months |
| Zype | 18.00% p.a. onwards | ₹3,000 - ₹5 Lakhs | 6 to 36 Months |
| Loanwalle | 2.91% p.m. onwards | ₹10,000 - ₹3 Lakh | 12 to 36 Months |
| Squid Loan | 0.9% per day onwards | ₹5,000 - ₹1 Lakh | 7 to 365 Days |
Paisa Daily Loan Eligibility Criteria
Below are the eligibility criteria for the Paisa Daily loan:
- Employment: Salaried applicants with regular salary credits arriving in their bank account.
- Age: 21 to 58 years.
- Income: Minimum ₹20,000 per month.
- Residence: Major cities across India, including Delhi, Mumbai, Bangalore, Hyderabad, Chennai, Pune, Kolkata, and Ahmedabad.
- Bank Account: The applicant must have an active Indian savings or current account.
Documents Required for Paisa Daily Loan
The list of documents required to apply for the Paisa Daily loan is as follows:
- Aadhaar Card for identity and address verification
- PAN Card for Tax KYC
- Salary slips of the last 3 months
- Bank statement of the last 3 months
- Live selfie for liveness check
- Employment letter if the applicant has spent less than 6 months at the job
Steps to Apply for Paisa Daily Loan Online
Follow the steps given below to apply for the Paisa Daily loan online:
- Fill the form: Visit the Paisa Daily website and fill out the online form on your phone by entering your name, mobile number, income, and loan amount.
- Verify instantly: Upload your Aadhaar, PAN, and Salary Slip as Paisa Daily’s AI verifies your details within 30 minutes.
- Disbursal: On approval, get the money credited to your account within 2 hours of signing through an IMPS transfer.
Paisa Daily Customer Care Details
For any questions, assistance, or complaints related to your loan application, you can contact Paisa Daily through the following official communication channels:
| Paisa Daily Customer Care Number | +91 9147245765 |
| Paisa Daily Email Support | grievance@paisadaily.money |
FAQs
You can get up to ₹50,000 from Paisa Daily Loan.
The interest rate charged on Paisa Daily Loan is 1% per day on the principal.
Yes, Paisa Daily is backed by an RBI-registered NBFC, Ready Leasings Pvt. Ltd., which issues loans directly through the platform.
Yes, Paisa Daily is a genuine website backed by an RBI-registered NBFC.
Yes, currently, only salaried individuals can apply for Paisa Daily Loan.
No, at present, only salaried individuals can apply for Paisa Daily Loan.
Reshma Rawat is a passionate writer with a decade of experience in writing for a variety of domains (finance, technology, lifestyle, e-commerce, real estate, etc.). Currently, she is working as Assistant Manager - Content @MyMoneyMantra and writes blogs & webpages on financial products (loans, credit cards, insurance, government financial policies, mutual funds, etc.).
Director- MyMoneyMantra FinTech| A senior retail and commercial banking professional, adept at handling Business Development, Sales Planning & Growth, Product Strategy, Marketing Operations and Client advisory services phygitally.