Chola One: Digital Lending App

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.

We regularly update our loan app with new features and latest interest rates, so you can be sure that you're getting a good deal with the Chola one. Our New instant loan app 2024 is designed to make it easy for you to get the financial support you need quickly. Chola One will ask you to undergo a loan eligibility check, which considers factors such as your CIBIL score, bank statement, payslip and other financial information.

Chola One enables existing customers to access all their loan account related information like Loan summary, Loan details, Payment options, Repayment history, Payment acknowledgement, Loan Info section coupled with the flexibility to request for drawdown, Statements of accounts and more. Features like profile management, service request, notification make managing your loans an extremely easy task.

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

Chola One - Top Up Home Loan Features:

Chola is committed towards the National Mission of Housing for All by 2022. The documentation required is also minimal. (Income proof or existing CIBIL score is not a mandatory requirement). More info is available on the app.

Types of Home Loans

• Self-Construction Loans

• Loans for Purchase of Resale Flat/Independent Houses

• Loans for Purchase of New Flat/Independent House

• Loans for Mixed-Use (Residential with small commercial unit)

• Home-Extension Loans

• Balance Transfer of Existing Loans from other financiers with Top up loans

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?

Mail us: homeloancare@chola.murugappa.com for Home Loan

Mail us: customercarelap@chola.murugappa.com for Loan Against Property Loan

Mail us: customercareCSEL@chola.murugappa.com for 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.