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Instant Consumer Durable Loan for Salaried Professionals

Borrow between ₹10,000 & ₹5 Lakh for a period of 3 to 18 months.

Easy Consumer Durable Loan For Your Next Appliance Purchase

In today's time, managing household expenses on a monthly paycheck can make it difficult for salaried professionals to afford high-value products that improve day-to-day chores. Before making an expense, you have to think twice, cause every expense is already planned, and additional costs can disrupt your budget. This often leads to a delay long enough for the product to go out of stock or for the offer to expire.

With Chinmay App, you no longer have to put your consumer durable needs and wants on hold. The loan is designed to make modern living more accessible and affordable, allowing you to purchase essential products without financial strain. A Consumer Durable Loan from Chinmay App effortlessly help you finance a new home, replace old appliances, or repair existing items. With quick access to fund, you get the convenience of buying the products you need today and paying for them comfortably later, without worrying about large upfront payments and without putting pressure on your monthly budget.

Instant Loan Approval

Smart verification ensures loan approval within 15 minutes, giving you quick access to cash through our quick personal loan App.

Flexible Repayment Terms

Chinmay offers repayment terms ranging from 90 to 545 days, helping borrowers repay with greater convenience and ease.

Affordable Interest Rates

Get access to affordable personal loan with smart interest rates starting from

28% P.A., with no hidden charges.

Collateral-free Lending

 Access 100% collateral-free lending designed to give individuals the freedom to borrow without pledging any assets.

Uses of a Consumer Durable Loan for upgrading your home

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Modern Appliances

Get the latest appliances for your modern house.

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Purchase Kitchen Appliances

Now, every delicious meal will be easy to cook. 

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Repair or Replace Old Furniture

Make your home beautiful and even more comfortable.

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Laptop & Desktop

Get the best set of them before the offer ends.

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House Renovation

​Transform your space with stylish interiors and home improvements.

You are eligible if you are

A resident of India

Salaried professionals aged 21 to 55 years

Earning a minimum monthly salary of ₹25,000

Having a Credit Score of 600 and above

₹200

Keep these documents handy

Aadhaar Card

PAN Card

Last 3 months’ salary slips or bank statements

Employment proof (Work Email ID or Offer Letter)

No hard copies needed. Simply upload your documents digitally via the app or website.

Get Funds in just 5 easy steps

Download  App

Available on iOS & Android

Check Eligibility

Evaluation in 2 minutes

Basic & Other Details

Fill in details about yourself

Upload Documents

For KYC verification

Funds Credits

Get funds directly to your bank account

Download  App

Available on iOS & Android

Check Eligibility

 Evaluation in 2 minutes

Basic & Other Details

Fill in details about yourself

Upload Documents

For KYC verification

Funds Credits

Get funds directly to your bank account

Ready to Fund your Plans with Chinmay Finlease Limited?

Apply now and get funded within minutes.

Flexible financial support tailored to your needs

Up to ₹5 Lakh

Applicants can avail a personal loan of up to ₹5 Lakh based on their eligibility.

Instant 15-Min Credit

Instant approval with cash credited to your account as fast as 15 minutes.

3 to 18 Months Tenure

Flexible repayment tenure that covers around 3 to 18 months for your convenience.

Features & Benefits of taking a Loan from Chinmay Finlease Limited

RBI-registered NBFC

Regulated and trusted financial institution.

Quick Sign-up

Fast one-time registration process.

100% Secure

Fully encrypted application process.

No Collateral

No guarantor or security deposit required.

Freedom of Use

Use funds for any of your personal needs.

Direct Bank Transfer

Funds credited directly to your bank.

Flexible EMI Dates

Choose your preferred repayment date.

No Hidden Fees

Zero upfront fees or hidden charges.

APR Disclosure & Associated Fees

Interest Rate: Starts from 28% p.a.

Annual Percentage Rate (APR) Range: 26% to 36%

Bounce Charges: ₹500 per instance

Fee Structure

Processing Fee

5%

Documentation Charges

1.5%

Online Convenience Fee

₹200

Note: GST and other applicable charges may be levied in addition to the above fee structure.

Illustrative Loan Calculation

Example based on a ₹30,000 loan disbursement.

Loan Amount
₹30,000
Interest Rate
28% p.a.
Loan Duration
180 Days

Total interest on the personal loan

₹4,142

Processing Fee (5%) + Documentation Charges (1.5%) + Online Convenience Fee (₹200)*

₹2,150

18% GST

₹387

Total Deductions

₹2,537

*Processing charges, Documentation charges, and Online Convenience fee are deducted upfront at the time of loan disbursal.

Disclaimer: This is indicative information. Final terms are subject to your credit profile and risk assessment.

Net Disbursed Amount

Loan Amount - Total Deductions

₹27,463
Total Repayable Amount

Loan Amount + Interest

₹34,142

Frequently Asked Questions

  • A Consumer durable loan is a type of Personal Loan primarily designed to finance the purchase of consumer goods like electronics, appliances, and furniture. The loan allows you to purchase these items on credit and repay the loan in instalments over a specified period. By using a consumer durable loan, you can enjoy the benefits of owning new or upgraded products without paying the full cost up front.

  • To get a loan from Chinmay, you need to follow the following 5 easy steps:

    • Get the Chinmay App from the Play Store or App Store and sign in

    • Check your eligibility in 2 minutes

    • Enter your basic and other details

    • Upload required KYC documents

    • Get funds deposited directly into your bank account

    • A resident of India

    • Salaried professionals aged 21 to 55 years

    • Earning a minimum monthly salary of ₹25,000

    • Having a Credit Score of 600 and above

  • Loan amounts can range from Rs. 10,000 to Rs. 5,00,000, depending on your eligibility and creditworthiness.

  • Personal Loans from Chinmay are typically disbursed within 15 minutes, depending on the applicant's credit risk.

  • Yes, self-employed individuals can apply with proof of income and business stability.

  • Yes, you can prepay a consumer durable loan at any time. To do so, we do not impose penalties.

  • A consumer durable loan is useful for the following incidents:

    • Purchase Kitchen Appliances

    • Modern Gadgets 

    • Repair or Replace Old Furniture

    • Laptop & Desktop

    • House Renovation

    • Purchase Luxury Products

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