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Daily Collection Loan: A Simple Money Lending Technique

Daily collection loan is the simplest money lending technique where the loan amount is repaid on a daily installment basis. This method is highly beneficial for small business firms as it provides flexibility in repayment without hindering financial operations. Operated for short durations like 100 days, the total interest payable is collected at the time of initial payment. Additionally, chit funds offer investment opportunities for those not involved in the organized financial sector. While chit funds have had a bad reputation, there are government-run and registered options that are secure for investors. Explore more on PowerShow.com for a comprehensive presentation.

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Daily Collection Loan: A Simple Money Lending Technique

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  1. CHIT FUND VS PIGMY DEPOSIT www.websoftex.com

  2. Daily collection loan is simplest money lending technique as the loan amount will repay on daily installment basis.  • 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

  3. Daily collection loan is simplest money lending technique as the loan amount will repay on daily installment basis.  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. DAILY COLLECTION LOAN

  4. Daily collection loan is simplest money lending technique as the loan amount will repay on daily installment basis.  • Saving money is an important aspect of life.  •  Investing money is a desire of many. • In India, many people are not yet involved in the organized financial sector. • Many people of the lower income bracket opt to invest in chit funds because they do not qualify or have documentation for a bank account. CHIT FUND

  5. Daily collection loan is simplest money lending technique as the loan amount will repay on daily installment basis.  • Chit funds are not necessarily a bad investment.  • It has a bad reputation because it has been misused in the past to scam naive investors.  •   There are Government-run and registered chit funds that are safe to invest in.  • On the other hand, recurring deposits are a much safer investment.  CHIT FUND

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