Chinmay - Personal Loan App 17+
Instant Loan App
CHINMAY FINLEASE LIMITED
Designed for iPad
-
- Free
Screenshots
Description
Introducing Chinmay: Your Ultimate Personal Loan Solution
Looking for a hassle-free way to secure a quick personal loan of upto ₹1 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 #: 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
- 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 ₹ 1,00,000/-
- 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 - ₹1 lacs
• Quick Turn-around time: Under 5 minutes
• Repayment Tenure: 90 Days to 120 Days
• 100% Paperless loan application
• No foreclosure charges
• No guarantors or collateral
• No Subscription or upfront Fees
Interest and Additional Fees:
• Interest Rates: 36% per annum
• Processing & Other Applicable fees: Starts from 6.5% of the loan amount (This may vary based on your risk profile)
• Documentation charges of 1%
• ₹200 for online convenience fees
• Bounce charges: ₹500
• APR range - 26% to 36%
• Please note that GST charges will be added to the process fees, document charges, online convenience and risk assessment fees
Eligibility Criteria:
-Working Professionals with Stable income
-Above 21 years
- Minimum take home income of 20,000 Per Month
-Aadhaar Card Verification
-PAN Card Verification
-Bank Account where income gets deposited monthly
-All borrowing should be in good standing
Illustrative Calculation: -
• Loan amount: ₹30,000 with a 32.85% annual interest rate(APR)
• Loan Duration: 120 Days
• Total interest on the personal loan: ₹3,240
• Processing fees (6.5% of the loan amount) + Documentation charges (1% of the loan amount) + Online convenience + Risk assessment = ₹2,650
• Total Deductions (Processing fees + Documentation charges + Online convenience + Risk assessment + GST): ₹2,650
• Net Disbursed Amount: Loan Amount - Total Deductions = ₹27,350
• Total Repayable Amount (Loan Amount + Interest): ₹33,240
• PF + RAC +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 support@chinmayfinlease.com or call us at 7600012589
What’s New
Version 1.0.7
Bug fixes and Performance improvements
Ratings and Reviews
Excellent experience
It’s very easy to use app,,, Just quick disbursement process within 10 min.
Tinkle jivani helped me to take the loan
If someone needs short loan, This is the platform to take the same. Person name Windston from Chinmay was very polite and help me to take the process so smooth.
Must appreciated and recommended.
Hefty Processing and Interest Rate
Easy to apply and get the loan. However, they do not provide various options for tenure. Hardly 2 months to pay. Processing fees is beyond justifiable and hefty interest rate. They are taking advantage of the customers who are in need of emergency funds. Get the loan from Banks I would suggest rather than going to NBFCs. Really shocked to see that for a loan amount of 25K you will harldy receive around 21-22K in the account after deducting processing fees, stamp fees, platform fee bla bla bla. The repayment is around 30K within 2 months of timeframe. So, you will end up paying around 10K as interest and processing fees. This is how you get robbed by these lending platform. Easy to get but heavy at pocket.
Developer Response ,
Dear Ayadav, We're sorry for the unsatisfactory experience you had. We aim to offer the best service and understand your concerns regarding our interest rates. They are based on individual credit history. We value your feedback, and it will help us enhance our services. Thanks for sharing your feedback!
Excellent app
I would recommend this app to everyone in need for the smooth and easy process with quick disbursals.
Developer Response ,
Dear Vivek, We thank you for dedicating time to providing your feedback.
Feedback like yours is precious in helping us enhance our services. We're grateful for you as a User and hope you'll continue with us in the coming years.
App Privacy
The developer, CHINMAY FINLEASE LIMITED, indicated that the app’s privacy practices may include handling of data as described below. For more information, see the developer’s privacy policy.
Data Used to Track You
The following data may be used to track you across apps and websites owned by other companies:
- Identifiers
Data Linked to You
The following data may be collected and linked to your identity:
- Financial Info
- Contact Info
- Contacts
Data Not Linked to You
The following data may be collected but it is not linked to your identity:
- Location
- Identifiers
Privacy practices may vary based on, for example, the features you use or your age. Learn More
Information
- Provider
- CHINMAY FINLEASE LIMITED
- Size
- 237 MB
- Category
- Finance
- Compatibility
-
- iPhone
- Requires iOS 14.0 or later.
- iPad
- Requires iPadOS 14.0 or later.
- iPod touch
- Requires iOS 14.0 or later.
- Mac
- Requires macOS 11.0 or later and a Mac with Apple M1 chip or later.
- Apple Vision
- Requires visionOS 1.0 or later.
- Languages
-
English
- Age Rating
- 17+
- Copyright
- © www.chinmayfinlease.com/
- Price
- Free