Chinmay - Personal Loan App

Chinmay Finlease Ltd

About this app

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

Chinmay Finlease Limited is a trusted digital loan app offering both Instant Personal Loans and Loan Against Mutual Funds (LAMF) 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 them, our online 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 over 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 36.5% p.a.

Eligibility Criteria
• Indian Resident
• Salaried professionals aged 21 to 55 years
• Earning a minimum monthly salary of ₹25,000
• Having a Credit Score of 680 and above

Documents Required
• Aadhaar Card
• PAN Card
• Last 3 months’ salary slips or bank statement

APR Disclosure & Associated Charges
- Interest Rate: 28% p.a. to 36.5% p.a.
- Annual Percentage Rate (APR): 26% to 60%
- 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 to 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 to apply for a Personal Loan Online?
Instant Loan Approval
Quick Eligibility Check
Safe & Transparent
Paperless & Digital Process
Simple Repayment
100% Security & Privacy

For any queries, contact us:
Email: [e-mail]
Call: 7600012589
Official Address: 3rd & 4th Floor, House 14, Times Corporate Park, Thaltej, Ahmedabad, 380059

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