Chinmay - Personal Loan App 2.3.41

Introducing Chinmay: Your Ultimate Personal Loan Solution

Are you in need of a hassle-free way to secure a quick personal loan of up to ₹1 lakh? If you are a professional individual with a stable income, then look no further. Chinmay is one of the best loan apps that is revolutionizing the lending experience. Whether it's for unforeseen expenses, a dream vacation, home improvements, or any other personal endeavor, Chinmay has got you covered with its quick, secure, and seamless online loan application process.

Chinmay is a leading partner NBFC (Chinmay Finlease Limited - Registration #: A.01.00558), an instant personal loan provider that you can trust. Our app ensures the highest level of security and compliance.

Here are the benefits that make Chinmay one of the best online personal loan apps in India:

• Instant Loan Approval: Need funds urgently? With Chinmay's instant loan approval, you can receive the financial support you need within minutes.
• Flexible Loan Options: If you are looking for a personal loan online, Chinmay is the ideal solution for you. We provide cash loans up to ₹1,00,000/-.
• Easy Application Process: Applying for a personal loan with Chinmay's intuitive online application process enables you to apply 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: We understand that 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 lakh
• Quick Turn-around Time: Under 5 minutes
• Repayment Tenure: 91 Days to 120 Days
• 100% Paperless Loan Application
• No Foreclosure Charges
• No Guarantors or Collateral
• No Subscription or Upfront Fees

Associated Fees:

• Interest Rates: 36.5% per annum
• Processing & Other Applicable Fees: Starts from 6.5% of the loan amount (This may vary based on your risk profile)
• Documentation Charges: 1% of the loan amount
• ₹200 for Online Convenience Fees
• Bounce Charges: ₹500
• Minimum APR: 26%, Maximum APR: 70%
• Please note that GST charges will be added to the processing fees, document charges, online convenience fees, and risk assessment fees.

Eligibility Criteria:

• Working Professionals with Stable Income
• Above 21 Years of Age
• Minimum Take Home Income of ₹20,000 Per Month
• Aadhaar & 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 36.5% annual interest rate
• Per Day Interest Rate: 0.1%
• Loan Duration: 120 Days
• Total Interest on the Personal Loan: ₹3,600
• 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): ₹33,600
• PF + RAC + DC + GST are deducted upfront during the loan disbursal.

*This is an indicative calculation. Interest and other charges may vary based on the profile.

For any queries, contact us at [email protected] or call us at 7600012589.