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Cholamandalam Home Loan

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Lowest interest rates starting from 7.1%

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15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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Competitive Interest Rates

Starting 7.10% p.a.

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Offers from 25+ Banks & HFCs

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HDFC Bank
Min Loan Amt. ₹15L
Rate of Interest7.2% - 13.2%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
ICICI Bank
Min Loan Amt. ₹15L
Rate of Interest7.65% - 9.80%
Tenure uptoUpto 30 Years
Processing Fee₹ 10,000
Axis Bank
Min Loan Amt. ₹30L
Rate of Interest8.35% - 11.90%
Tenure uptoUpto 30 Years
Processing Fee₹ 14,000
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Easy & Transparent Borrowing Process

How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

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Cholamandalam Home Loan Highlights

Interest Rate 10.50% p.a. onwards
Loan Amount Rs. 3 lakh - Rs. 40 lakh
Loan Tenure Up to 20 years
Processing Fee Up to 2% of the loan amount

Cholamandalam Home Loan Interest Rates

Cholamandalam home loan interest rates start from 10.50% p.a. The lender has differentiated its home loan interest rates based on the product type and job profile of the home loan applicants.

Floating Rates -

Products/Applicant Type Interest Rate (p.a.)
Affordable housing - New purchase/construction/existing property 11.00% - 18.00%
Low Income Salaried 10.50% - 18.00%
Cash Salaried 12.00% - 19.00%
Self-employed Professional 10.50% - 16.00%
Self-employed Non Professional 10.50% - 17.00%

Fixed Rates -

Products/Applicant Type Interest Rate (p.a.)
Affordable housing - New purchase/construction/existing property 13.50% - 18.00%
Low Income Salaried 13.00% - 18.00%
Cash Salaried 14.50% - 19.00%
Self-employed Professional 13.00% - 16.00%
Self-employed Non Professional 13.00% - 17.00%

Cholamandalam Home Loan Fees and Charges

Particulars Fees
Processing Fee Up to 2% of the loan amount
Preclosure Charges
  • For floating rates - NIL
  • For Fixed Rates -
    • Part prepayment charges - 2% of the prepaid amount (allowed only after 1 year). If made within 1 year, the borrower has to pay 1% over and above the above-mentioned charges
    • Full prepayment charges - 2% (if paid through own funds); 4% if paid via balance transfer through other financier
Cheque and mandate swap charges Rs. 500
Interest rate reset charges Up to 2% of the outstanding principal due on the reset date
Rate switch charges 1% of the outstanding principal
Property valuation charges Up to Rs. 1,000
Cheque bounce charges Up to Rs. 1,000
CERSAI Up to Rs. 118
Loan restructuring charges 1% of the loan amount (Maximum Rs. 15,000)
Collection effort charges Up to Rs 250

Eligibility Criteria of Applicants Cholamandalam Home Loan

Below-mentioned is the eligible criteria of applicants availing home loan from Cholamandalam:

  • The minimum age of the applicant should be 21 years at the time of loan application and the maximum age of the applicant should be 65 years at the time of loan maturity.
  • Salaried, self-employed professionals and self-employed non-professionals are eligible for Cholamandalam home loan.
  • Applicant must have a steady income.

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Documents Required for Availing Cholamadalam Home Loan

Applicants applying for Cholamandalam home loan should have the below-mentioned documents ready before loan application.

For Salaried Individuals:

  • ID proof/Address proof - Aadhar card, voter ID, passport, driving license, PAN card
  • Income proof
  • PAN card
  • Bank statement for last 1 year
  • Details of all the existing loans

For Self-employed:

  • Business proof
  • ID proof/Address proof - Aadhar card, passport, voter ID, driving license
  • Income proof
  • PAN card
  • Bank statement for last 6 months
  • Details of all the current loans

How Can I Apply for a Home Loan Online?

Get up to ₹5 Crore in 5 Simple Steps

Step 1: Enter your mobile number in the application form.

Step 2: Verify using the OTP sent to your mobile number.

Step 3: Enter details related to your loan requirements.

Step 4: Provide your personal and employment details.

Step 5: Compare offers and apply for the best-suited loan.

Apply Now

Explore Our Home Loan Lenders

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FAQs

Cholamandalam home loans start from 10.50% p.a. Onwards depending on the creditworthiness of the applicant.

The maximum tenure offered for Cholamandalam home loans is up to 20 years.

Yes, you can switch from fixed to floating interest rates and vice-versa by paying a nominal charges to the lender.

You can repay your Cholamandalam home loan through NACH mandate.

Yes, you can transfer your existing home loan from other lender to Cholamandalam at lower interest rates.

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What our customers say

Time saving process

Office ke chalte jyada samay nahi nikal pata tha. Paisabazaar ke online process ki wajah se na hi mene banks ke rates compare karliye ghar bathe balki mera loan application aur disbursal bhi ghar bathe hi ho gaya...bank jana hi nahi pada...

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Pradeep SinghJan 7, 2026

Kam rates pe loan mila

Paisabazaar se mujhe bahut kam rate pe loan mil gaya...isse mere budget pe jada asar nahi pada aur jald hi mera apna ghar ho jayega..

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Nidhi SharmaJan 6, 2026

eligibility check ho jati hai free

me home loan lene ka soch raha tha uske liye mene pehle paisabazaar app se free me apni eligibility check ki..usse mujhe pata chala muje kya cheeze improve karni hai aur fir mera loan jaldi approve ho gaya.

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Shikhar SahuJan 5, 2026

Home loan mila yaahaan par

Mujhe home loan chahiye tha aur yahaan par sahayta kiya inhone aur loan mila. Pehla loan tha mera lekin sab ache se ho gaya.

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Prem Prakash PandeyDec 7, 2025

Home loan here

I took home loan here and they helped me in every step specially in collecting and submitting documents at the time of approval.

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Chandan SinghDec 1, 2025

Got the best home loan interest rate

I was confused and did not have so much time to carry out all the research, so I logged in to Paisabazaar’s portal and was able to see the home loan options I was eligible for. With the assistance of Paisabazaar’s experts, I was able to find the home loan that offered the rate of interest I could afford. Thank you Paisabazaar!

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Anu BhatnagarSep 10, 2021

Excellent Home Loan Service by Paisabazaar

Ended up taking an ICICI Home Loan and I think it was one of the best decisions I ever made. I thank Paisabazaar for helping me out and answering my questions with so much patience.

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KJ ThomasSep 10, 2021

Had a great experience with Paisabazaar

I have always heard my friends talking about how tedious it was for them to avail a home loan and decide the most suitable option. But with the help of Paisabazaar, I was able to compare several home loans and opt for the one that suited my needs. I am happy that I considered Paisabazaar for helping me.

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Ritesh SharmaSep 10, 2021

quick and easy home loan process

I had never thought that applying for a home loan could be so easy. The entire process was online and I didn’t have to go anywhere for application or documentation of my home loan. Paisabazaar experts helped me navigate through the process and later the bank collected my documents and everything was quick and seamless.

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Rupanjali MishraSep 3, 2021

Satisfied experience with Paisabazaar

I am satisfied with my home loan experience with Paisabazaar. I could easily compare different home loan options and apply for the home loan. Their customer care team also called me to confirm all the details and soon after the bank contacted to take the process forward. The process was really smooth.

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Soumil KhannaSep 3, 2021
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