Chola One App – Get instant digital loan, Quick Approval & Easy Application
Cholamandalam Investment and Finance Company Limited (Chola), incorporated in 1978 as the financial services arm of the Murugappa Group. Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, Loan Against Property, SME loans, investment advisory services, stock broking and a variety of other financial services to customers. Chola operates from 1098 branches across India.
The loan process is 100% online with no paper work and easy loan process. You can get your loan hassle-free in just a few simple steps.
The Chola One is one stop shop for all the informational and transactional services related to CSEL Overdraft (OD) Personal Loan and Business Loans, SBPL Loan, Home Loan and Loan Against Property Loan.
Chola One – Personal Loan Features:
✅Online personal loans from ₹ 10000 to ₹ 3 Lakh
✅Interest Rates: Starting from 14% – 36% P.A**
✅Processing fee: 4% – 6%
✅Loan Tenure: 3 Months to 60 Months
✅APR: 14.5% – 45%
✅100% Online Process
✅No Physical Documents are required
Minimum/maximum Period for Repayment: 3 / 60 Months respectively
Minimum/maximum Annual Percentage Rate (APR): 14.5% – 45% respectively
A representative Personal Loan Example:
If a user requests for a loan of 300000 with a tenure of 60 months then below would be the representative example for the loan.
Cost of the Loan: 300000
Tenure: 60 Months
ROI: 18%
APR: 20.97 %
Charge Amount: INR 10,846.00
Repayment Frequency: Monthly
Repayment Type: Principal and Interest
Who is eligible for Personal Loan?
✅Salaried, Professionals (CA, CS, CMA, and Doctors) and, Self Employed ( Sole Proprietor Business Owners)
✅Existing Chola customers: 21yrs to 65yrs
✅New to Chola customers: 21yrs to 58yrs
✅Minimum household income: Rs. 3,00,000 p.a
Features & Benefits
✅ Minimum Documentation
✅ ITR/Cibil Score not mandatory
✅ Customised Eligibility for Salaried and Self Employed
✅ For both Residential and Commercial use
✅ Home loans typically have a maximum tenure of 30 years and a minimum tenure of 5 years.
For Customer Queries?
Consumer and Small Enterprise Loan & Personal Loan
Mail us: customercaresbpl@chola.murugappa.com for Secured Business & Personal Loan
Call us: 18001024565
Corporate Office:
CIFCL,Chola Crest, C54-55 & Super B-4,
Thiru-Vi-Ka Industrial Estate, Guindy,
Chennai – 600032.
Chola App Link: Click Here
Disclaimer: This Article is for informational purposes only. We do not charge any fee for this information.