Daily repayment means repayments are scheduled frequently, rather than as one monthly instalment. Rinsetu’s typical tenure is 90–180 days.
Daily repayments are intended to fit the daily sales cycle of small merchants. The actual amount and schedule are defined in approved loan documents; they do not automatically change with each day’s sales.
Ask your branch to explain the repayment schedule, total repayment obligation and the terms that apply if a payment is delayed.