Chinmay - Personal Loan App

Online Loan App for Instant Personal Loan & Loan Against Mutual Funds

Chinmay Finlease Limited is a trusted digital loan app offering Instant Personal Loans and Loan Against Mutual Funds to meet individuals' financial needs through a 100% digital and paperless loan process. Whether you need a quick online loan for emergencies or wish to unlock the value of your mutual fund investments without redeeming, our loan app provides a hassle-free way to borrow digitally.

Chinmay Finlease Limited is an RBI-approved NBFC, registered under registration No. B.01.00558 and have been serving every individual across India since 11 December 1996. With 25+ years of lending experience, we adhere to strict data protection and regulatory norms, ensuring your personal and financial information is always safe & secure.

Instant Personal Loan Online

Loan Details

• Loan Amount: ₹10,000 - ₹5,00,000

• TAT: 15 minutes

• Repayment Tenure: 3 to 18 months

• Interest Rates: 28% p.a. to 36% p.a.

Eligibility Criteria

• Indian Resident

• Salaried professionals aged 21 to 55 years

• Minimum monthly salary of ₹25,000

• Credit Score of 680 and above

Documents Required

• Aadhaar Card

• PAN Card

• Last 3 months’ salary slips or bank statements

APR Disclosure & Associated Charges

- Interest Rate: 28% p.a. to 36% p.a.

- Annual Percentage Rate (APR): Up to 36%

- Processing Charge: 5% of loan amount

- Documentation Charge: 1% of loan amount

- Online Convenience Charge: ₹200

- Bounce Charge: ₹500 per occurrence

Notes: GST and other applicable charges may be levied in addition to the above charge structure.

Illustrative Calculation

Loan Amount= ₹30,000

Interest Rate= 28% p.a.

Loan Duration= 180 Days

Total interest on the personal loan= ₹4,104

Processing charge (5% of the loan amount) + Documentation charge (1% of the loan amount) + Online Convenience charge (₹200) = ₹2,000*

18% GST = ₹360

Total Deductions (Processing charge + Documentation charge + Online Convenience charge + GST)= ₹2,360

Net Disbursed Amount= Loan Amount - Total Deductions= ₹27,640

Total Repayable Amount (Loan Amount + Interest)= ₹34,104

*Processing charge, Documentation charge, and Online Convenience charge are deducted upfront at the time of loan disbursal.

Loan Against Mutual Funds

Loan Details

• Loan Amount: ₹10,000 - ₹3,00,000

• Repayment Tenure: 365 days

• Interest Rate: 18% p.a.

Eligibility Criteria

• Indian Resident

• Age between 18 and 60 years

• Holder of eligible mutual fund investments of 20,000/-

Documents Required

• Aadhaar Card

• PAN Card

• Registered mobile number & email address linked to your investments

APR Disclosure & Associated Charges

- Interest Rate: 18% p.a.

- Bounce Charges: ₹500 per occurrence

- Processing Charge: 3.50% of loan amount

- Documentation Charge: 1% of loan amount

- Online Convenience Charge: ₹200

- Pledge & Unpledge Charge: As per RTA

Notes: GST will be added to the above charges as applicable.

Illustrative Calculation

Loan Amount= ₹50,000

Interest Rate= 18% p.a.

Loan Duration= 180 Days

Total interest on the LAMF= ₹4,438

Processing charge (3.50%) + Documentation charge (1%) + Online Convenience charge (₹200) + Pledge & Unpledge charge (₹600) = ₹3,050

18% GST = ₹549

Total Deductions (Processing charges + Documentation charges + Online convenience charge + Pledge & Unpledge charge + GST)= ₹3,599

Net Disbursed Amount= Loan Amount - Total Deductions= ₹46,401

Total Repayable Amount (Loan Amount + Interest)= ₹54,438

Disclaimer: Final terms are subject to your credit profile and risk assessment.

Why choose Chinmay?

Instant Approval

Quick Eligibility Check

Safe & Transparent

Paperless Process

Simple Repayment

Contact us:

Email: support@chinmayfinlease.com

Call: 7600012589

Address: 3rd & 4th Floor, House 14, Times Corporate Park, Thaltej, Ahmedabad, 380059

T&C Applied!