Chinmay - Personal Loan App

About Chinmay - Personal Loan App

Introducing Chinmay: Your Ultimate Personal Loan Solution

Looking for a hassle-free way to secure a quick personal loan? Look no further than Chinmay, one of the best loan apps revolutionizing the lending experience. If you need a personal loan online for unforeseen expenses, a dream vacation, home improvements, or any other personal endeavour, Chinmay has got you covered with its quick, secure, and seamless online loan application process.

Chinmay, one of the leading NBFC (Chinmay Finlease Limited - Registration #: A.01.00558) instant personal loan providers to being your trusted financial buddy. Our app ensures the highest level of security and compliance.

Benefits that make Chinmay one of the best online personal loan apps in India:
✔️ Instant Loan Approval: Need funds urgently? Chinmay's instant loan approval, ensures you receive the financial support you need within minutes
✔️ Small Loan Option: If you are looking for a small personal loan online, Chinmay is the ideal solution for you to provide cash loans up to ₹ 50,000/-
✔️ Easy Application Process: Applying for a personal loan with Chinmay's intuitive online loan application process enables you to apply online with minimal effort
✔️ Trusted and Reliable: Chinmay is a name you can trust. As an RBI-registered online loan app, we adhere to the highest standards of integrity and security
✔️ Flexible Repayment Plans: Everyone's financial situation is unique. That's why Chinmay offers flexible repayment plans that suit your individual needs
✔️ Lowest Interest Rates: At Chinmay, we offer some of the most competitive interest rates in the market. Our cutting-edge algorithm provides low-interest instant personal loans as per requirements

Features of Chinmay:
•Minimum Processing Charges: From Rs.500
•Repayment Period: 61 Days to 90 Days
•Maximum Annual Percentage Rate (APR): Varies from 54.75% to 72% based on the risk profile of the customer
•100% Paperless loan application
•No foreclosure charges
•No guarantors or collaterals
•Multiple loan repayment payment methods
•Sanction Letter in 30 minutes
•No Subscription or upfront Fees
•Quick TAT

Interest and other Charges:
•0.15% to 0.50% per day depending on the risk profile
•6.5% will be the processing charges + GST
•1% will be the processing charges + GST
•₹300 will be the stamp duty charges

Sample Calculation:
•Loan amount: ₹ 30,000 at an interest rate of 54.75% p.a.
•Loan Duration: 65 Days
•Total personal loan interest = ₹ 2,925
•Processing fees ([email protected]% of Loan Amount) + Documentation charges (DC@1% of Loan Amount) + Stamp Duty = ₹ 1950 + ₹ 300 + ₹ 300 = ₹ 2,550
•Total Deductibles (PF + DC + Stamp Duty + GST): ₹ 2,955
•In-Hand Amount: Loan Amount - Total Deductibles = ₹ 30,000 - 2.955 = ₹ 27,045
•Total repayable Amount (Loan Amount + Interest): ₹ 32,925
•PF + DC + Stamp Duty + GST are deducted upfront during the loan disbursal.

*This is an indicative calculation, interest and other charges vary based on the profile

For help or any other details about our personal loans, contact us at [email protected]