Paisa Daily Loan App Real or Fake? A Real Lender at 509% APR

Paisa Daily is real, and the company behind it does the lending itself. The site is run by Ready Leasings Private Limited, a Kolkata NBFC that RBI has registered. Its entry in RBI's register carries the same company number and street address that Paisa Daily prints on its pages.

Safe is a separate question. The lender is regulated and its prices are in plain view. But they're steep: its own sample Key Fact Statement (KFS) puts the APR of a 30-day loan at 509%. Before you e-sign, compare the money that will reach your bank with the total due on one single date.

Paisa Daily: quick answer

• A real business: yes. Ready Leasings was incorporated on 3 January 1997, and its company website lists PaisaDaily as a partner platform.
• A regulated lender: Ready Leasings is serial 5998 in RBI's NBFC list for 30 September 2026, spelt there as "Ready Leasing Private Limited".
• Website only: there's no Paisa Daily app on Google Play as of October 2026. Its loans last 7 to 30 days, below the 60-day minimum Google Play sets for loan apps.
• Very expensive: interest is 1% of the loan per day, and a 10% fee plus 18% GST is deducted before payout.
• Thin track record: no store reviews, an empty blog and a disclosure table that still reads "[to be added]".

Ready Leasings: the Kolkata NBFC behind Paisa Daily

Paisa Daily isn't a middleman between you and a lender. Its About page calls it the digital lending platform of Ready Leasings. A separate disclosure page says Ready Leasings handles all lending on the site as the Regulated Entity. Every page footer also prints the company's CIN, U65910WB1997PTC140699.

Ready Leasings is an old company, though Paisa Daily itself looks new. Its About page says its RBI registration took effect on 3 September 2001, but the registration number itself is masked with asterisks. Its registered office is at 90 Phears Lane in Kolkata.

The link is confirmed from the lender's end too. Ready Leasings' own site lists PaisaDaily under "Our Partners", next to a second platform called Suvron with different terms. Paisa Daily's footer says it is "Powered by eFuture Tech Pvt Ltd". We couldn't identify that firm, and no page names it as a service provider.

Is Paisa Daily RBI registered? Checks anyone can do

RBI doesn't approve loan websites or apps as such. It registers lenders and keeps a directory of the digital lending apps they report. Because Paisa Daily is Ready Leasings, the checks are quick. This is the order we used on 30 October 2026.

1. Match the company number. Copy the CIN from the Paisa Daily footer. In RBI's NBFC list for 30 September 2026, serial 5998 carries the same CIN.
2. Read the rest of the row. The entry sits under RBI's Kolkata office, takes no public deposits and gives the same Phears Lane address. The name is spelt "Ready Leasing", with no final s, but the matching CIN shows it's the same company.
3. Look for a cancellation. RBI also publishes a list of NBFCs whose registration was cancelled. That list wouldn't open for us, so check it yourself.
4. Visit the lender's own site. Ready Leasings names PaisaDaily as a partner, so both sides confirm the link.
5. Search the Digital Lending Apps directory. It refused to load for us. Paisa Daily's own disclosure names Ready Leasings, but its service provider rows are blank.
6. Report anything strange on Sachet. Sachet is RBI's site for complaints about unregistered lenders and deposit schemes. Use it if a "Paisa Daily" offer turns up through an app or a stranger's link.

For other apps, the same steps are in our guide on checking whether a loan app is RBI approved.

Paisa Daily charges: 1% a day, a 10% fee and a 509% APR

Paisa Daily is unusually open about its price. The home page, the FAQ and the sample KFS all give the same rules, and the calculator follows them. The trouble is the size of the numbers, not any attempt to hide them.

Here's the sample loan in plain rupees. You borrow ₹25,000 for 30 days. The ₹2,500 fee and ₹450 GST come off first, so ₹22,050 lands in your bank. On day 30 you repay ₹32,500 in one payment, which includes ₹7,500 of interest.

In other words, you pay ₹10,450 to have ₹22,050 in hand for 30 days. The calculator's default tells the same story: take ₹30,000, receive ₹26,460 and repay ₹39,000. That's ₹12,540 for a single month.

Shorter loans aren't much kinder, because the fee doesn't shrink. On a 7-day loan of ₹25,000, interest is only ₹1,750. But the ₹2,950 fee and GST still apply, so the cost is ₹4,700 for one week.

Missing the date gets expensive fast. If the whole ₹32,500 were overdue, 1.25% a day would add about ₹406 every day, plus ₹590 for each failed auto-debit. On the plus side, you can exit within 3 days of payout by repaying the principal plus the proportionate APR for those days.

The doubts about Paisa Daily, one by one

A high price is not fraud, and Paisa Daily states its price clearly. It also says it shows you a personalised KFS and needs your acceptance before any money goes out. Still, several things here would make a careful borrower pause.

• No app at all. All its loans must be repaid in one go within 30 days. Google Play bars apps that promote personal loans due in full within 60 days. So there's no store page, rating or Play check to lean on.
• Pages that disagree. The home page caps loans at ₹50,000, while the About and Press pages go up to ₹1,00,000. The home page wants applicants aged 21 to 58, but the terms say 18 or above. The terms even mention a mobile application that the FAQ says doesn't exist.
• Placeholders in key places. The service provider table still reads "[to be added]". Ready Leasings' contact page shows a dummy phone number, +91 33 0000 0000.
• Claims that don't fit. The lender's PaisaDaily page says "Your data never leaves our encrypted vault". The privacy policy lists outside firms that receive data, such as Surepass for KYC and Cashfree for payments.
• Testimonials you can't verify. The lender's page talks of "50,000 stories". One testimonial praises an approval for a self-employed borrower, though Paisa Daily lends only to salaried people.
• Little history. The blog says its first posts are on the way, and we found no archived copies of the site to date its launch.

Against that, our research found no RBI alert, police complaint or news story naming Paisa Daily or Ready Leasings. The picture is a new, costly lender with unfinished paperwork, not a proven fraud.

Paisa Daily user reviews and ratings

There's no Play Store listing, so there's no star rating, review count or download figure for Paisa Daily as of October 2026. Our research found no independent reviews or complaints either. For a lender, that silence isn't comfort. It mostly means the platform is new and untested.

The only praise we found sits on Ready Leasings' own website, in first-name testimonials. Treat them as advertising. One describes money arriving by 1 AM after an 11 PM request, though the published grievance hours are 10 AM to 6 PM. That doesn't prove the stories are made up, but it doesn't help them either.

Fake Paisa Daily apps, links and callers

Since Paisa Daily has no app, any "Paisa Daily" app is a reason to stop. The closest name on Google Play, "Daily Paisa", is an unrelated expense tracker. Don't confuse it with Paisabazaar, Paisa247, kPaisa or DailyPe either, which are different brands.

• Type the address yourself. Don't open loan links that arrive by SMS or WhatsApp. Check that the footer of the site you land on names Ready Leasings.
• Never install an APK. Paisa Daily says there's nothing to install, so a file using its name isn't from the lender.
• The fee is never paid upfront. Paisa Daily takes its fee and GST out of the loan itself. Anyone asking you to pay first to "release" a loan is not the lender.
• Repay only by the mandate. Repayment runs through the eNACH auto-debit you register before payout. Don't send money to a personal UPI ID or a stranger's account.
• Contacts are off limits. The privacy policy says Paisa Daily never accesses your contacts, call logs, SMS or files. A caller threatening to message your family is breaking the lender's own stated rules, so report it.

Paisa Daily complaints: support, grievance officer, then RBI

Write first, so you have a record. Paisa Daily lists three steps.

1. Support: email support@paisadaily.money or call +91 9147245765. It aims to acknowledge within 48 hours and resolve within 7 working days.
2. Grievance officer: email grievance@paisadaily.money, marked for Amit Kumar Bansal, who is also Head of Operations at Ready Leasings. The office keeps Monday to Saturday hours, 10 AM to 6 PM, and handles complaints at this level within 15 working days.
3. RBI: if the problem is still open after 30 days, file with RBI's Integrated Ombudsman on cms.rbi.org.in. RBI's contact centre number is 14448.

The lender's own site also gives readyleasings@gmail.com and 033-48126923. Note that Paisa Daily's only phone line is a mobile number. If you've been threatened, or someone took money in Paisa Daily's name, ring 1930 for cyber fraud. Our Paisa Daily customer care page keeps these details together.

Should you take a Paisa Daily loan?

For most people, a loan priced at 1% a day should be a last resort. Paisa Daily might fit only if all of these are true:

• you're salaried and earn at least ₹20,000 a month
• you need a small amount for a few days, and your next salary will clear it in full
• you prefer a browser form to a phone app

Look elsewhere if:

• you need more than 30 days, or would like EMIs instead of one lump sum
• you're self-employed, since only salaried people are accepted
• you want a lender with an app-store page and a public review history

For loans of a similar size, compare a regulated app you can check on Google Play first. Good places to start are our mPokket review and our Pocketly review. Our FlexSalary review covers another option aimed at salaried borrowers.

Put each APR next to Paisa Daily's 509% before you choose. For the full scorecard, read our full Paisa Daily review, or look through every loan app we've reviewed.

Frequently asked questions

Is Paisa Daily real or fake?

Paisa Daily is real. Ready Leasings Private Limited, an NBFC registered with RBI, runs it and makes every loan itself. The lender also lists PaisaDaily on its own company site, and we found no RBI alert or police case naming it. What it lacks is a track record: no app, no public reviews and a few unfinished disclosure pages.

Is PaisaDaily RBI registered?

The lender is. Ready Leasings Private Limited is serial 5998 in RBI's NBFC list for 30 September 2026. Its CIN and Kolkata address match the ones Paisa Daily prints. RBI's Digital Lending Apps directory refused to load for us, so make sure your KFS names Ready Leasings before you sign.

How much does a Paisa Daily loan cost?

It's costly, with interest at 1% of the loan per day. Before payout, a 10% fee and 18% GST on that fee are deducted. In the sample KFS, ₹25,000 for 30 days puts ₹22,050 in your account and you repay ₹32,500, a 509% APR. Each late day adds 1.25% of whatever is overdue.

What is the Paisa Daily customer care number?

Call +91 9147245765 or email support@paisadaily.money. If support doesn't sort it out within 7 working days, escalate by email to grievance@paisadaily.money. Amit Kumar Bansal handles those complaints within 15 working days. Once 30 days pass without a fix, RBI's Integrated Ombudsman is the next step, or call RBI on 14448.

What if someone calls me as Paisa Daily and asks for money?

Don't pay. Paisa Daily deducts its fee from the loan and collects repayments by auto-debit, so an upfront fee demand points to a fake. It also says it never reads your contacts. Hang up, email support@paisadaily.money to check, and report threats or losses on 1930, the cybercrime helpline.

Can I cancel a Paisa Daily loan or repay it early?

Yes. The KFS gives a 3-day cooling-off period: repay the principal plus the proportionate APR for those days, with no penalty. After that you can still repay early without a prepayment charge, and you pay interest only for the days the loan was open. Ask for a written closure confirmation once you've paid.

Does Paisa Daily have an app on Google Play?

No. We searched Google Play on 30 October 2026 and found no Paisa Daily lending app. The site's FAQ confirms that everything, from KYC to the mandate, happens in your browser. The "Daily Paisa" app on Play is an unrelated expense tracker, so treat any app or APK using the Paisa Daily name as suspect.

Sources: the Paisa Daily website, Key Fact Statement, terms, privacy policy, grievance and lending partner pages, October 2026; the Ready Leasings website, October 2026; RBI's NBFC list for 30 September 2026; Google Play search and Google Play's financial services policy, October 2026.