Get Instant Personal Loan up to ₹5 lakhs
with just few simple steps...!
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Instant funds without paperwork headaches!
Chinmay Small Loan App is meant for common people facing genuine financial needs, providing a Personal Loan in just 15 minutes with a completely digital process.
Paperless Application
Experience a seamless, 100% digital loan process with minimal documentation, making it manageable for customers to apply for a loan instantly.
RBI-Aligned Communication
All customer interactions are conducted responsibly and in line with RBI norms, ensuring a fair and stress-free experience.
Key Features
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One-Time Registration
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No Guarantors or Collateral
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Loan without Visiting Branch
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No Subscription or Upfront Fees
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24/7 Customer Support
Eligibility
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Resident of India
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Stable income source of ₹25,000/month
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Age: 21-55 years
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Valid PAN & Aadhaar
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Active bank account
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700 or above Credit score
APR Disclosure & Associated Fees
Interest Rate: 28 to 36.5% p.a.
Annual Percentage Rate (APR) Range: 36% to 60%
Bounce Charges: ₹500 per instance
Fee Structure
Processing Fee
5%
Documentation Charges
1%
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
₹4,104
Processing Fee (5%) + Documentation Charges (1%) + Online Convenience Fee (₹200)*
₹2,000
18% GST
₹360
Total Deductions
₹2,360
*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
₹27,640
Total Repayable Amount
Loan Amount + Interest