Chinmay - Personal Loan App
Instant Loan App
No in-app products collected for this app.
| Rating | |||
|---|---|---|---|
| India | 100%2,311 | 4.40 |
Description
Introducing Chinmay: Your Ultimate Personal Loan Solution
Looking for a hassle-free way to secure a quick personal loan of upto ₹3 lacs? If you are a professional individual with stable income then look no further. Chinmay is 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 partner NBFC (Chinmay Finlease Limited - Registration #: B.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
Flexible Loan Option: If you are looking for a personal loan online, Chinmay is the ideal solution for you to provide cash loans up to ₹ 3,00,000/-
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.
Features of Chinmay:
Loan Amount: ₹10,000 - ₹3 lacs
Quick Turn-around Time- 15 minutes
Repayment Tenure: up to 365 days (12 months)
100% Paperless loan application
No guarantors or collateral
No Subscription or upfront Fees
Interest and Additional Fees:
Interest Rates: 28 to 36.5% per annum
Processing & Other Applicable charges: Starts from 5% of the loan amount
Documentation charges of 1%
₹200 for online convenience charge
Bounce charges: ₹500 + GST as applicable
APR range - 26% to 36%
Please note that GST charges will be added to the process charge, document charges, online convenience charge.
Eligibility Criteria:
Working Professionals with Stable income
Age- 21 to 55 years
Minimum take home income of 20,000/ month
Aadhaar Card Verification
PAN Card Verification
Bank Account where income gets deposited monthly
All borrowing should be in good standing
APR disclosure of Personal Loans : -
Loan amount: ₹30,000 with a 28% interest rate per annum
Loan Duration: 180 Days
Total interest on the personal loan: ₹4,104
Processing charge (5% of the loan amount) + Documentation charges (1% of the loan amount) + Online convenience = ₹2,000
Total Deductions (Processing charge + Documentation charges + Online convenience + GST): ₹2,360
Net Disbursed Amount: Loan Amount - Total Deductions = ₹27,640
Total Repayable Amount (Loan Amount + Interest): ₹34,104
PF +DC + GST are deducted upfront during the loan disbursal.
*This is an indicative calculation, interest and other charges vary based on the profile
For any queries contact us on [email protected] or call us at 7984479612
