Terms of Service

These Terms of Service (“Terms”) govern your access to and use of the Paisa Daily website, mobile application, and lending services (collectively, the “Platform”), operated by Ready Leasings Pvt. Ltd., a Non-Banking Financial Company registered with the Reserve Bank of India (CIN U65910WB1997PTC140699) (“Company”, “we”, “us”).

By accessing the Platform or availing of any service, you confirm that you have read, understood, and agree to be bound by these Terms and our Privacy Policy. If you do not agree, please do not use the Platform.

To use our services, you must:

• Be an Indian citizen and resident, aged 18 years or above;
• Have a valid PAN and Aadhaar, and be able to complete KYC verification;
• Have a verifiable source of income and an active bank account in your name;
• Possess the legal capacity to enter into a binding contract under the Indian Contract Act, 1872.

The Platform facilitates short-term personal and payday loans. Submission of a loan application does not guarantee approval. All applications are subject to our credit evaluation, verification, and internal risk-assessment policies. We reserve the right to approve, reject, or seek additional information for any application at our sole discretion.

Applicable interest rates, processing fees, and other charges are disclosed to you in the Key Fact Statement (KFS) and loan agreement before you accept a loan. Interest is computed as disclosed at the time of sanction. You agree to pay all amounts due, including any applicable taxes, penal charges for delayed payment, and a bounce charge of ₹500 plus 18% GST (₹590) for each failed EMI / auto-debit (NACH return), as set out in your loan agreement.

You agree to repay the loan, together with interest and charges, on or before the due date specified in your loan agreement, through the repayment mode (including eNACH/auto-debit mandate) authorised by you. Failure to repay on time may result in penal charges, reporting to credit bureaus, and recovery action in accordance with applicable law and our Fair Practice Code.

In line with the Reserve Bank of India’s Guidelines on Digital Lending, you are entitled to a cooling-off (look-up) period during which you may exit the loan without any penalty. You may exit within 3 (three) days of disbursal by repaying the principal amount together with the proportionate Annual Percentage Rate (APR) for that period. No prepayment penalty or additional charge applies if you exercise this right within the cooling-off period.

You authorise us to verify your identity and details using your PAN, Aadhaar (via DigiLocker), bank account, and other documents, directly or through authorised third-party verification partners. You represent that all information and documents provided are true, accurate, and complete.

• Provide accurate, current, and complete information at all times;
• Use the Platform only for lawful purposes and not for any fraudulent activity;
• Keep your login credentials confidential and notify us of any unauthorised use;
• Not attempt to disrupt, reverse-engineer, or gain unauthorised access to the Platform.

Your use of the Platform is also governed by our Privacy Policy, which explains how we collect, use, and protect your personal and financial information.

All content, trademarks, logos, and software on the Platform are owned by or licensed to the Company and are protected by applicable laws. You may not copy, reproduce, or distribute any part of the Platform without our prior written consent.

To the maximum extent permitted by law, the Company shall not be liable for any indirect, incidental, or consequential damages arising out of your use of, or inability to use, the Platform. The Platform is provided on an “as is” and “as available” basis.

These Terms are governed by the laws of India. Subject to the grievance redressal and arbitration provisions (if any) in your loan agreement, the courts at Kolkata, West Bengal shall have exclusive jurisdiction over any disputes arising from these Terms.

For any complaints or concerns, please refer to our Grievance Redressal mechanism. We are committed to the principles set out in our Fair Practice Code.

Ready Leasings Pvt. Ltd., 90 Phears Lane, 3rd Floor, Room No. 303, Kolkata, West Bengal - 700012. Email: support@paisadaily.money.