# Chinmay Finlease Limited

> Chinmay Finlease Limited is an RBI-registered NBFC in India (Registration No. B.01.00558), incorporated on 11 December 1996 under the Companies Act, 1956. It offers digital lending solutions - Personal Loans, Consumer Durable Loans, Emergency Loans, and Loans Against Mutual Funds - through its 100% digital, paperless Chinmay App. This file (llms-full.txt) contains the complete, expanded content of the site for AI agents, in addition to the condensed index in llms.txt.

Condensed index (llms.txt): https://www.chinmayfinlease.com/llms.txt
Last updated: 20 August 2026
Homepage: https://www.chinmayfinlease.com/
Official Lending Partner: [Lenditt](https://www.lenditt.com/)
Apps: [Android](https://play.google.com/store/apps/details?id=com.chinmay.io) | [iOS](https://apps.apple.com/in/app/chinmay-personal-loan-app/id6476261363) | [Galaxy Store](https://galaxystore.samsung.com/detail/com.chinmay.io) | [Web App](https://chinmayfinserve.com/web/)

## Quick Navigation (internal index for this file)

- [Home](https://www.chinmayfinlease.com/)
- [About](https://www.chinmayfinlease.com/about)
- [Instant Personal Loan](https://www.chinmayfinlease.com/instant-online-personal-loan) - ₹10,000–₹5,00,000, 28–36.5% p.a., 3–18 months, unsecured
- [Instant Consumer Durable Loan](https://www.chinmayfinlease.com/instant-consumer-durable-loan) -  up to ₹3 Lakh, unsecured
- [Instant Emergency Loan](https://www.chinmayfinlease.com/emergency-loan) - ₹10,000–₹5 Lakh, 3-18 months, unsecured
- [Loan Against Mutual Fund](https://www.chinmayfinlease.com/loan-against-mutual-fund) - 10,000–₹5,00,000, 18% p.a., 18 months, secured
- [Blog](https://www.chinmayfinlease.com/blog)
- [Contact](https://www.chinmayfinlease.com/contact)
- [Grievance Redressal](https://www.chinmayfinlease.com/grievance-redressal)
- Regulator: RBI-registered NBFC, Registration No. B.01.00558
- Contact: info@chinmayfinlease.com · support@chinmayfinlease.com · collections@chinmayfinlease.com · +91 79844 79612
- Address: Floor 3rd & 4th, House no 14, Times Corporate Park, Thaltej, Ahmedabad – 380059

## About Chinmay Finlease Limited
URL: https://www.chinmayfinlease.com/about

Chinmay Finlease Limited is a Non-Banking Finance Company registered with the Reserve Bank of India under Registration No. B.01.00558. It was incorporated on 11 December 1996 under the Companies Act, 1956.

It is one of the leading non-banking financial establishments specializing in lending short-term unsecured personal loans through its technology platform, the Chinmay Mobile App - described as India's fastest loan-giving app for salaried professionals. The company's mission is to bridge the gap in the market with advanced and flexible credit products for young professionals, delivered digitally in an efficient, customer-friendly way, aimed at a "non-prime" customer segment often neglected by mainstream financial institutions due to lack of established credit history. It uses its own credit-decision technology (referred to as the "Social Loan Quotient") to assess and extend credit fairly to this segment.

- Official Lending Partner: Lenditt (https://www.lenditt.com/)
- Registered office / contact: Floor 3rd & 4th, House no 14, Times Corporate Park, Thaltej, Ahmedabad – 380059
- Phone: +91 79844 79612
- Location metadata: Ahmedabad, India

## Products & Services (Overview)

Chinmay Finlease Limited offers 4 loan products via its app and website:

1. **Instant Personal Loan** - https://www.chinmayfinlease.com/instant-online-personal-loan
2. **Instant Consumer Durable Loan** - https://www.chinmayfinlease.com/instant-consumer-durable-loan
3. **Instant Emergency Loan** - https://www.chinmayfinlease.com/emergency-loan
4. **Loan Against Mutual Fund (LAMF)** - https://www.chinmayfinlease.com/loan-against-mutual-fund

Loans are either **unsecured** (Personal Loan, Consumer Durable Loan, Emergency Loan - no collateral required) or **secured** (Loan Against Mutual Fund - mutual fund units pledged as collateral).

## Instant Personal Loan (Full Details)
URL: https://www.chinmayfinlease.com/instant-online-personal-loan

### Overview
Instant Online Personal Loan with Zero Documentation - a 100% digital loan process via the Chinmay App. Young salaried professionals can borrow up to ₹3 Lakh (product-page framing) or up to ₹5 Lakh (site-wide max), for 3 to 18 months, with no hidden fees and no collateral/security required. Common use cases include home renovation, medical emergencies, education, travel, and debt consolidation.

### Eligibility
- Resident of India
- Salaried professionals aged 21 to 55 years
- Minimum monthly salary of ₹25,000
- Credit Score of 700 and above preferred (though the general site FAQ states a minimum score of 680+, with lower-score applicants sometimes still considered)

### Documents Required
- Aadhaar Card
- PAN Card
- Last 3 months' salary slips or bank statements
- Employment proof (Work Email ID or Offer Letter)
- 100% digital upload - no hard copies needed

### Loan Terms
- Loan amount: ₹10,000 - ₹5,00,000
- Interest rate: 28% – 36.5% p.a. (Annual Percentage Rate/APR range: 36% – 60%)
- Tenure: 3 to 18 months (90 to 545 days)
- Disbursal: within 15 minutes of approval (subject to applicant's credit risk)
- No collateral, guarantor, or security deposit required
- Prepayment allowed anytime with no penalty

### Fee Structure
| Charge | Amount |
|---|---|
| Processing Fee | 5% of loan amount |
| Documentation Charges | 1% of loan amount |
| Online Convenience Fee | ₹200 |
| Bounce Charges | ₹500 per instance |
| GST | 18%, applicable on charges |

### Illustrative Loan Calculation (₹30,000 loan example)
- Loan Amount: ₹30,000
- Interest Rate: 28% p.a.
- Loan Duration: 180 days
- Total Interest: ₹4,104
- Processing Fee (5%) + Documentation Charges (1%) + Online Convenience Fee (₹200): ₹2,000
- 18% GST: ₹360
- Total Deductions: ₹2,360
- **Net Disbursed Amount:** ₹27,640
- **Total Repayable Amount:** ₹34,104

(Processing charges, documentation charges, and the online convenience fee are deducted upfront at disbursal. This is indicative; final terms depend on credit profile and risk assessment.)

### Application Process (5 Steps)
1. Download the Chinmay App (iOS/Android)
2. Check eligibility (evaluation in ~2 minutes)
3. Fill in basic personal details
4. Upload documents for KYC verification
5. Funds credited directly to bank account

### Uses of a Personal Loan
Travel/Vacation, Wedding Expenses, Education Fees, Settling Existing Debt, Business Expansion, Festivals & Celebrations, Relocation Costs, Medical Expenses, Home Improvements, Unexpected Emergencies, Vehicle Purchase.

### Features & Benefits
RBI-registered NBFC · Quick sign-up · 100% secure/encrypted process · No collateral · Freedom of use of funds · Direct bank transfer · Flexible EMI dates · No hidden fees.

### Personal Loan FAQs
**What is a personal loan?**
An unsecured loan that lets you borrow without collateral, usable for medical emergencies, home renovation, education, travel, weddings, debt consolidation, and other needs. Eligibility and amount depend on income, credit history, employment status, and repayment capacity.

**How can I apply through the Chinmay App?**
Download the app → check eligibility (basic, employment, financial info) → enter bank details → upload KYC documents → choose from the offered loan amount → get funds deposited to your bank account.

**Who is eligible?**
Resident of India, salaried professional aged 21–55, minimum monthly salary ₹25,000, credit score 700+.

**What is the maximum loan amount?**
₹10,000 to ₹5,00,000, depending on eligibility and creditworthiness.

**What is the turnaround time?**
Typically disbursed within 15 minutes, depending on the applicant's credit risk.

**Can self-employed individuals apply?**
Yes, with proof of income and business stability.

**Can I prepay, and are there penalties?**
Yes, you can prepay anytime with no penalty.

**What are personal loans used for?**
Weddings, travel/vacation, education fees, settling debt, business expansion, relocation, festivals, medical expenses, home improvements, emergencies, vehicle purchase.

More FAQs: https://www.chinmayfinlease.com/personal-loan-faqs

## Loan Against Mutual Fund / LAMF (Full Details)
URL: https://www.chinmayfinlease.com/loan-against-mutual-fund

### Overview
A secured loan that lets borrowers access funds against their mutual fund investments without redeeming/liquidating them — the funds stay invested and can keep growing while pledged. Borrowers can access 50%–80% of their total mutual fund holdings' value.

### Eligibility
- Resident of India
- Age 18 to 60 years
- Holder of eligible mutual fund investments worth at least ₹20,000
- No mandatory requirement for employment proof or CIBIL score check

### Documents / Details Required
- PAN Card
- Aadhaar Card
- Registered mobile number & email address linked to the mutual fund investments
- Bank account details for fund transfer
- Debit card or net banking details (for setting up the repayment mandate)
- 100% digital - no physical documents needed

### Loan Terms
- Loan amount: ₹10,000 - ₹3,00,000 (50% - 80% of MF holdings value)
- Interest rate: 18% p.a. (fixed)
- Tenure: up to 12 months (365 days)
- Over 5,000+ approved mutual fund schemes accepted, across various AMCs (Asset Management Companies) in India
- No CIBIL score requirement, minimal documentation, quick disbursal directly to bank account

### Fee Structure
| Charge | Amount |
|---|---|
| Processing Fee | 3.50% of loan amount |
| Documentation Charges | 1% of loan amount |
| Online Convenience Fee | ₹200 |
| Pledge & Unpledge Charge | As per RTA (Registrar & Transfer Agent) |
| Bounce Charges | ₹500 per instance |
| GST | Added as applicable |

### Illustrative Loan Calculation (₹50,000 loan example)
- Loan Amount: ₹50,000
- Interest Rate: 18% p.a.
- Loan Duration: 180 days
- Total Interest: ₹4,438
- Processing Fee (3.50%) + Documentation Charges (1%) + Online Convenience Fee (₹200): ₹3,050
- Total Deductions: ₹3,050
- **Net Disbursed Amount:** ₹46,950
- **Total Repayable Amount:** ₹54,438

(Indicative information; final terms subject to credit profile and risk assessment.)

### Application Process (5 Steps)
1. Download the Chinmay App and create an account
2. Check eligibility (evaluation in ~2 minutes)
3. Upload documents for KYC verification
4. Connect mutual fund account & pledge holdings via the app
5. Funds credited directly to bank account

### Smart Uses of a Loan Against Mutual Fund
Shopping, month-end cash-flow gaps, upgrading appliances, trip expenses, medical emergencies, planned expenses (home renovation, big purchases).

### Features & Benefits
RBI-registered NBFC · Quick sign-up · 100% secure/encrypted · Reduced credit-score dependency · Freedom of use · Direct bank transfer · Flexible EMI dates · Competitive 18% interest rate.

### LAMF FAQs
**What is a Loan Against Mutual Funds (LAMF)?**
A loan that lets you borrow using mutual fund investments as collateral, without losing ownership or redeeming them.

**Which funds are accepted?**
Over 5,000+ approved mutual fund schemes from various AMCs in India.

**How much can I borrow?**
₹10,000 to ₹3,00,000.

**What is the interest rate?**
18% per annum, fixed.

**What is the repayment tenure?**
Up to 12 months (365 days).

**What details are required to apply?**
PAN and Aadhaar number; registered mobile number and email linked to MF investments; bank account details; debit card or net banking details for the mandate.

**How do I apply online?**
Download the Chinmay App → enter mobile number and OTP, check eligibility → fill required details → upload KYC documents → link and pledge mutual fund holdings → receive funds in bank account.

**What if my mutual funds are pledged and my loan creation fails?**
The mutual funds remain safe and secure since the lien marking happens at the RTA level. Contact customer support to resolve the issue or redeem the funds; any minimal unpledge amount is borne by the borrower.

More FAQs: https://www.chinmayfinlease.com/loan-against-mutual-funds-faqs


## Instant Consumer Durable Loan (Summary)
URL: https://www.chinmayfinlease.com/instant-consumer-durable-loan

Designed to help salaried professionals buy consumer durables (home appliances, essentials) without large upfront payment.
- Loan up to ₹5 Lakh
- Eligibility: minimum monthly income ₹25,000, age 21–55, credit score of 700+ preferred
- Requires Aadhaar, PAN, and an active salary bank account
- 100% digital application with minimal documentation


## Instant Emergency Loan (Summary)
URL: https://www.chinmayfinlease.com/emergency-loan

For urgent/unplanned needs such as medical expenses, urgent repairs, travel needs, or sudden financial gaps.
- Loan amount: ₹10,000 – ₹5 Lakh
- Tenure: 3 to 18 months
- No collateral, guarantors, or lengthy paperwork
- No hidden charges; fast approval and disbursal (within minutes)

## Eligibility Summary (All Products, General)
- Indian citizen with valid Aadhaar & PAN
- Age: 21–55 years (Personal/Consumer Durable/Emergency Loans); 18–60 years (LAMF)
- Salaried professional with ₹20,000–₹25,000+ monthly income, or self-employed with proof of income/business stability
- Active bank account for salary deposits/fund transfer
- Minimum credit score: 680+ generally quoted site-wide; 700+ preferred for unsecured loan products (low credit score applicants may still be considered); no CIBIL requirement for LAMF

## How to Apply (General, All Loan Types)
1. Download the Chinmay App (Play Store / App Store / Galaxy Store) or use the Web App
2. Sign up with your mobile number and OTP
3. Provide PAN and Aadhaar to check eligibility
4. Upload KYC documents (ID, address proof, PAN, bank statements) — for LAMF, also link & pledge mutual fund holdings
5. Select from eligible loan offers
6. Funds disbursed directly to your bank account (typically within 15 minutes of approval)

## Frequently Asked Questions (Site-wide/General)

**Q: What is Chinmay Finlease Limited?**
A: Chinmay Finlease Limited was incorporated on 11 December 1996 under the Companies Act, 1956. As an RBI-registered NBFC, it specialises in providing quick Personal Loans and Loans Against Mutual Funds designed to help individuals who need simple and reliable access to credit.

**Q: Which cities does Chinmay Finlease Limited serve?**
A: It serves customers across India, excluding the 7 sister states of Northeast India: Arunachal Pradesh, Assam, Meghalaya, Manipur, Mizoram, Nagaland, and Tripura.

**Q: What options are available for loan repayment?**
A: Repayment can be done using UPI, Debit Card, Credit Card, or Net Banking.

**Q: Are you a Bank or an NBFC?**
A: An RBI-approved NBFC (Non-Banking Financial Company), Registration No. B.01.00558.

**Q: What does Chinmay Finlease Limited offer?**
A: 3 (now 4, per current site navigation) types of loans: Personal Loan, Emergency Loan, Consumer Durable Loan, and Loan Against Mutual Fund.

**Q: Does Chinmay Finlease Limited offer secured or unsecured loans?**
A: Both. Unsecured Personal Loan (no collateral) and Loan Against Mutual Funds/LAMF (secured, mutual funds pledged as collateral).

**Q: What is an unsecured loan?**
A: A loan that does not require collateral or security, approved based on income, credit history, repayment capacity, and overall financial profile. Examples: personal loans, payday loans, credit card loans.

**Q: What is a secured loan?**
A: A loan requiring a pledged asset as collateral (house, vehicle, fixed deposit, mutual funds, gold, etc.). Secured loans often allow larger amounts, lower interest rates, and more flexible terms than unsecured loans.


## Grievance Redressal Policy (Full Details)
URL: https://www.chinmayfinlease.com/grievance-redressal

### Purpose
Customer complaints are treated as an important voice of the customer. The policy follows a structured grievance redressal framework with a review mechanism to minimise recurrence of issues, guided by these principles: customers are treated fairly; complaints are handled with courtesy and in a timely manner; customers are informed of escalation avenues and their rights; employees act in good faith and without prejudice to customer interests.

### Internal Handling
The company uses an LOS & CRM system to capture complaints, track Turn-Around-Times (TATs) by query type, and escalate per a predefined escalation matrix. Once logged, customer care aims to resolve complaints/grievances within **15 working days**, offering suitable alternate solutions wherever possible.

### 3-Level Escalation Matrix

**a. Primary Level**
For concerns about the platform, EMI schedule, facility type, processing fee, or any other product-related issue, contact:
- Loan processing-related queries: support@chinmayfinlease.com
- Repayments, CIBIL, and refund-related queries: collections@chinmayfinlease.com
- Customers should quote their loan account number. Response assured within **7 days**.

**b. Secondary Level**
If unsatisfied with the resolution, or no response within 7 days, escalate to the Grievance Redressal Officer:
- **Mr. Satvinder Singh Huda** - Grievance Redressal Officer, Chinmay Finlease Limited

**c. Third Level (Regulator)**
If unsatisfied, or no response within 30 days, the complaint can be lodged with the RBI via the RBI CMS (Complaint Management System) portal, or a complaint form (available on the site under the Ombudsman Scheme 2021 page) can be sent to:
> Officer-in-Charge, Reserve Bank of India, Near Gandhi Bridge, Income Tax Circle, Ashram Road, Ahmedabad – 380014

Related: [Ombudsman Scheme](https://www.chinmayfinlease.com/ombudsman-scheme) · [File Your Grievance](https://www.chinmayfinlease.com/file-your-grievance)

## Policies & Legal Pages
- [Terms & Conditions](https://www.chinmayfinlease.com/terms)
- [Privacy Policy](https://www.chinmayfinlease.com/privacy-policy)
- [Fair Practice Code](https://www.chinmayfinlease.com/fair-practice-code-chinmay)
- [Interest Rate Model and Approach](https://www.chinmayfinlease.com/irmodel)
- [Grievance Redressal Policy (PDF)](https://www.chinmayfinlease.com/_files/ugd/8c15c6_cf026c50a84b403bb0900e3511f67451.pdf)
- [KYC Policy](https://www.chinmayfinlease.com/kyc-policy)
- [CSR Policy (PDF)](https://www.chinmayfinlease.com/_files/ugd/8c15c6_16db37098c9d4954b312b278e90dd116.pdf)
- [NRC Policy (PDF)](https://www.chinmayfinlease.com/_files/ugd/8c15c6_93e664a0e3914a888c42de9bb18eb82b.pdf)
- [Ombudsman Scheme](https://www.chinmayfinlease.com/ombudsman-scheme)
- [CIC Terms & Conditions](https://www.chinmayfinlease.com/cic-terms-conditions)
- [Public Disclosure](https://www.chinmayfinlease.com/chinmay-finlease-public-disclosure)
- [Legal Summary](https://www.chinmayfinlease.com/legal-summary)
- [File Your Grievance](https://www.chinmayfinlease.com/file-your-grievance)
- [Supported Banks](https://www.chinmayfinlease.com/supported-banks)
- [Our Partners](https://www.chinmayfinlease.com/our-partners)
- [Delete Account](https://chinmayfinserve.com/account-delete)

Note: Full verbatim text of these legal/policy documents is not reproduced here — agents/users should fetch the specific policy URL directly for the current, authoritative version, since these are compliance-sensitive documents subject to periodic revision.

## Blog / Resources
URL: https://www.chinmayfinlease.com/blog

Sample recent articles (titles and topic summary; fetch each URL directly for full article text):

- **Will UPI Users Really Have to Pay Now? What Does the 2026 Taxation Bill Mean?**
  https://www.chinmayfinlease.com/post/upi-payment-rules-2026
  Discusses confusion around a 2026 parliamentary bill and whether UPI transactions will now incur charges, and UPI's role as India's default payment method since demonetization.

- **Do's and Don'ts of Taking Personal Loans**
  https://www.chinmayfinlease.com/post/online-personal-loan-dos-and-donts
  Covers common mistakes people make when taking a personal loan under financial stress — choosing the right amount, repayment terms, and assessing lender credibility.

- **QR Code Scam: How Fraudsters Steal Your Money**
  https://www.chinmayfinlease.com/post/qr-code-scam-loan-upi-payment-fraud
  Explains QR-code-based payment fraud risks and safety practices, referencing data from India's Cyber Crime Coordination Centre.

- **Know About the Loan Application Process of Chinmay**
  https://www.chinmayfinlease.com/post/know-about-the-loan-application-process-of-chinmay

Full blog index: https://www.chinmayfinlease.com/blog

## Contact
- Email (general): info@chinmayfinlease.com
- Email (support): support@chinmayfinlease.com
- Phone: +91 79844 79612
- Registered Address: Floor 3rd & 4th, House no 14, Times Corporate Park, Thaltej, Ahmedabad - 380059
- Social: [Facebook](https://www.facebook.com/chinmayfin.in/) · [Instagram](https://www.instagram.com/chinmayfinlease/) · [LinkedIn](https://www.linkedin.com/company/chinmay-finlease-limited/) · [YouTube](https://www.youtube.com/@ChinmayInstantLoanApp-cd1pc/)

## AI Agent Access

This site is powered by Wix and supports the Model Context Protocol (MCP) for agentic AI access. AI agents can connect directly to retrieve live, up-to-date site content - no scraping required.

- [Wix MCP Docs](https://dev.wix.com/docs/develop-websites/articles/get-started/about-the-wix-site-mcp)

### Available MCP Tools

**GetBusinessDetails** - Retrieves business and site details such as timezone, email, phone, and address. No parameters required.

**SearchInSite** - Searches the site for information.
- `searchTerm` - The term to search for in the site.

**SearchSiteApiDocs** - Retrieves API documentation for the Wix business solutions installed on this site, and informs the AI client how to use the APIs. Use this tool for querying products and services (instead of SearchInSite).
- `searchTerm` - The term to search for in the site API documentation.

**GenerateVisitorToken** - Creates a new visitor session and obtains a visitor access token for the site. Must be called before making any CallWixSiteAPI request if no visitor token is already available in context. No parameters required.

**CallWixSiteAPI** - Calls API methods on the site to perform actions on a visitor's behalf, such as querying site data, booking an appointment, or starting a purchase.
- `visitorToken` - Visitor access token. Use GenerateVisitorToken first if not available.
- `url` - Absolute URL of the API method to call (e.g. https://www.wixapis.com/...). Retrieve using SearchSiteApiDocs.
- `method` - HTTP method to use for the API call.
- `body` - Request body as a valid JSON string.

**ReadFullDocsArticle** - Fetches a complete article from the Wix developer documentation portal.
- `articleUrl` - URL of an article in the Wix developer documentation portal.

**ReadFullDocsMethodSchema** - Fetches the full schema for a Wix API method. Should be called before calling the actual method via CallWixSiteAPI.
- `articleUrl` - URL of the reference article for the Wix API method.

### What Visitors Can Do via AI + MCP
- Get business details (contact info, location, hours)
- Discover products and services on offer
- Book services and make reservations
- Start a purchase and be directed to the site to complete checkout
- Ask questions and get relevant answers without having to browse the site

### Notes
- No authentication required to connect to the MCP endpoint
- Only public information accessible on the site is available
- Content is always live and up to date
- To receive tool updates, implement a `tools/list` call upon receipt of a tool update notification

*This llms-full.txt is a supplementary, expanded companion to llms.txt. All rates, fees, and eligibility figures are indicative and subject to change based on RBI guidelines, credit assessment, and site updates - always verify current terms on the live site or via the MCP tools above before relying on them for a financial decision.*