Chinmay Finlease Limited

Chinmay Finlease Limited is an RBI-registered NBFC incorporated on 11 December 1996 that provides instant personal loans and loans against mutual funds. It serves salaried young professionals across India with a 100% digital process that requires no branch visits. The company operates from Ahmedabad and claims to have over 7 lakh users.

The platform offers two main financial products: unsecured instant personal loans ranging from ₹10,000 to ₹5,00,000, and loans against mutual funds from ₹10,000 to ₹3,00,000. A pre-approved loan feature allows users to check limits up to ₹75,000 for faster approvals. Interest rates start from 28% p.a. for personal loans and 18% p.a. for mutual fund loans.

The entire application and approval process is designed to be 100% digital, meaning customers do not need to visit a physical branch. Funds are deposited directly into the applicant's bank account without involving third parties or digital wallets. The company emphasizes a paperless system to simplify borrowing.

Reviewers frequently praise the speed of fund disbursement, with some noting that money was credited within minutes or even overnight. Users also appreciate the ease of applying and the flexibility of repayment options, including EMI plans with lower interest rates. The app is described as user-friendly and smooth to navigate.

The company operates from its headquarters at Floor 3rd & 4th, House no 14, Times Corporate Park, Thaltej, Ahmedabad. It serves customers nationwide, with specific mentions of availability in cities like Bengaluru, Hyderabad, Delhi, Mumbai, Indore, Jaipur, Chennai, Pune, and Coimbatore. The business hours for customer support are Monday to Saturday from 9:00 AM to 7:00 PM.

Customers can reach the company via web chat, email at support@chinmayfinlease.com, or by calling +91 79844 79612. The website also lists a physical address for correspondence. The company encourages users to prepay or foreclose their loans before the tenure ends to reduce repayment burdens.

The company describes itself as a financial partner aiming to build a future where financial independence is within everyone's reach. Its vision is to become synonymous with India's fastest loan provider. The leadership includes Managing Director Mr. Yogeshkumar Chinubhai Majithiya and CTO Mr. Namra Parikh, who has expertise in AI/ML-based risk modelling.

The website mentions a newly launched Loan Against Mutual Funds (LAMF) feature, which allows users to pledge mutual fund units as collateral. This product is positioned as a smarter way to access funds at a lower interest rate without redeeming investments. The company also offers an instant travel loan as part of its services.

The company adheres to strict data protection and security guidelines prescribed by the RBI and applicable laws. It states that applicant data is securely stored on NBFC servers with robust measures to prevent unauthorized access. The platform also provides a No Objection Certificate (NOC) after the loan is closed and all dues are settled.

The company promotes itself as one of India's fastest-growing digital lending platforms. It claims to be trusted by 7 lakh+ salaried young professionals. The website asserts that the process is easy to apply and quick to approve, with funds deposited directly into the user's bank account.

The company states that it encourages prepayment or foreclosure of loans before the tenure ends. It also offers a pre-approved loan limit check feature to help users understand their eligibility faster. The platform aims to provide reliable financial solutions through a fully digital, AI-driven system.

The official website of Chinmay Finlease Limited is chinmayfinlease.com.

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