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Daily collection software that closes every route by evening
For daily finance and microfinance companies: every borrower on an agent's route, every day's due on the agent's phone, every rupee posted on the spot - and the cash checked before the agent goes home.
- Agent routes
- Daily cash submission
- UPI QR
What is daily collection software?
Daily collection software tracks loans that are repaid every day - usually small individual loans collected by an agent who visits borrowers on a fixed route. It lists each day's dues per agent, records payments as they are collected, flags missed days as overdue and reconciles the cash the agent brings back.
In NexMFI microfinance software, daily collection is one of three repayment frequencies - alongside weekly JLG and monthly EMI - so daily finance runs in the same system as the rest of your loan book.
Everything a daily finance business needs
Daily loan products
Your scheme, set once.
- Daily frequencyAny number of days - 50, 100, 200
- Flat or reducingEMI-based or rate-based calculation
- Advance deductionCharges taken at disbursement, if that is your scheme
Agents & routes
Every borrower has an owner.
- Agent and routeAssigned per borrower, with GPS home location
- Agent collection sheetToday's dues, posted in bulk
- Dues listOverdue, yesterday, today, tomorrow
Cash & reports
The day closes the same day.
- Daily cash submissionEach agent's cash, checked against collections
- Demand vs collectionBy agent, branch and day
- Day book & cash bookPosted automatically
From morning dues to evening cash
- Morning
Dues ready
Each agent's route list with today's dues and overdue is waiting on the phone; managers get the morning briefing.
- On the route
Collect
Cash marked against each borrower, or a UPI QR shown to pay online.
- Missed
Follow up
Unpaid days move to overdue and stay on the agent's list until cleared.
- Evening
Submit cash
The agent records the daily cash submission; the branch checks it against postings.
- Night
Books closed
Day book, cash book and demand-versus-collection are already up to date.
What to look for in daily collection software
- Works on the agent's own phone - NexMFI runs in the phone browser, nothing to install.
- Handles your scheme exactly - tenure in days, flat or reducing, advance deduction.
- Shows overdue the same day - not at month end.
- Reconciles agent cash - daily cash submission per collector.
- Grows with you - add weekly group loans or monthly EMIs later, in the same system.
Daily collection software - questions
What is daily collection software?
Daily collection software tracks loans that are repaid every day - usually small individual loans collected by an agent who visits borrowers on a fixed route. It lists each day's dues per agent, records payments as they are collected, flags missed days as overdue and reconciles the cash the agent brings back. NexMFI by Qubha Infotech provides this as part of its microfinance software.
Can NexMFI handle 100-day daily loans?
Yes. A loan product can be set to daily frequency with any number of instalments, such as 100 days, with flat or reducing interest, processing fee and standard or advance-deduction pricing. NexMFI generates the full daily schedule at disbursement.
How do agents collect daily dues?
Each agent opens NexMFI in the phone browser and sees the borrowers on their route with today's dues and anything overdue. They mark payments on the agent collection sheet and post them together, or show the borrower a UPI QR code to pay online.
How is the agent's cash reconciled?
At the end of the day each collector records a daily cash submission. NexMFI compares it with the collections the agent posted, and the daily cash report shows every agent's submission for the branch.
Can daily, weekly and monthly loans run together?
Yes. Repayment frequency is set per loan product, so a company can run daily finance, weekly JLG group loans and monthly EMI loans side by side in the same NexMFI account, with combined and separate reports.
See your daily scheme running in NexMFI
Tell us your tenure, interest and charges - we will show the daily schedule, an agent's route and the evening cash check in a 30-minute demo.