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About Daily Basis Loan & How Does It Work

A daily basis loan is a short-term microloan ideal for small vendors, shopkeepers, or daily wage workers who earn and repay daily. It allows borrowers to repay in small daily amounts instead of monthly EMIs, reducing financial stress. These loans typically range from ₹10,000 to ₹1,00,000 and are repaid over 3–12 months. With minimal documentation (Aadhaar, PAN), the process is fast and convenient. After loan approval, an agent or digital platform collects daily payments via UPI, cash, or wallet. While easy to manage for those with daily income, the interest rates can be high. It helps in managing urgent business expenses and maintaining daily cash flow. Many NBFCs and microfinance companies offer these loans, but it is important to deal with registered lenders to avoid hidden charges or harassment. Daily loans are helpful if handled responsibly, and repeated repayment can build credit for larger loans later.

Eligibility Criteria

To qualify for a daily basis loan, the applicant must meet basic requirements to ensure repayment ability. These loans are designed for small vendors and low-income salaried individuals.

  • You Must Be Self-Employed or a Salaried Individual

  • Age: 23-55 Years Old

  • Net Monthly Income Must Be More Than Rs. 20,000.

  • No Defaults In The Last 24 Months.

  • You Must Be Residing In Chandigarh or Nearby Areas

Documents Required

To apply for a daily basis loan, applicants must provide basic identity, address, and income proof to verify eligibility and repayment capacity.

  • ID Card

  • PAN Card

  • 4 Cheques From Your Salary Account

  • Current Address Proof

  • Permanent Address Proof (In Case The Permanent Address Is Different From The Address On Aadhaar Card)

A gold loan or daily basis loan offers quick access to cash when you need it most. The good news is that there are no restrictions on how you use the money. Whether it's for business needs, medical emergencies, daily expenses, or urgent repairs — once the loan is disbursed, you are free to use the funds as per your requirement, without any limitations. It’s a smart, flexible solution for individuals who need fast and hassle-free financial support.

  • Arrange For Holidaying Overseas

  • Buy A Large Appliance Like Refrigerator, Television Or Laptop

  • Plan Your Marriage Function As Per Your Expectations

  • Spruce Up Your Home Interiors Through Home Renovation

  • Permanent Address Proof (In Case The Permanent Address Is Different From The Address On Aadhaar Card)

What’s More! Aarsh King Finance also offers First-Time Borrower Loans to help individuals avail of a loan even on their very first income. Whether you're new to borrowing or don’t have a strong credit history, our process is fast, simple, and paper-light. With minimal documentation and quick approvals, you can get the funds you need in just a few minutes — even if it's your first time applying!

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