Daily collection & loan software for finance companies in Ludhiana

What does lending look like in Ludhiana?

Ludhiana is Punjab's largest industrial city, famous for hosiery and knitwear, cycle and cycle parts, sewing machines and engineering goods, with thousands of small units. Many workers come from Bihar and Uttar Pradesh.

Small unit owners, job-work contractors, migrant factory workers, vendors and shopkeepers borrow from private finance firms, mostly with daily or weekly repayment. Because many workers live in rented rooms and move between jobs, lenders put weight on KYC, guarantors and quick follow-ups. Money-lending is a large informal business, so record-keeping matters.

How do lenders in Ludhiana use DailyRupee?

• Daily collection from hosiery and cycle-parts unit owners with route lists
• Guarantor details and KYC photos for migrant workers
• Overdue and outstanding reports for owners with several agents in different industrial areas

Which language will your agents use?

Punjabi is the local language but is not an app language yet; Hindi is understood by almost everyone, and English is common for owners. Agents can use Hindi or English in DailyRupee. Every user picks their own language — English, Tamil, Hindi, Telugu, Kannada, Malayalam, Marathi, Bengali or Gujarati — and can switch at any time.

Read about Punjab in your language →