customer-support

Talk to Expert

Sales Enquiry
Call Us: 1800 570 3888
Service Helpline
Call Us: 1800 258 5616

Our Advisors are available 7 days a week, 9:30 am - 6:30 pm to assist you with the best offers or help resolve any queries.

Get the App
get-the-app-mobile
Download the
Paisabazaar app Today!

Get instant access to loans, credit cards, and financial tools — all in one place

get-the-app-qr

Scan to download on

play-app-store
Paisabazaar Logo
Offers on Paisabazaar are only from Credit Institutions regulated by the RBI

Cholamandalam Loan Against Property

Home Loan Against Property Cholamandalam LAP

Cholamandalam offers a loan against property at an interest rates of 10% p.a. for loan amounts of up to Rs 7.5 crores. The housing financial company (NBFC) offers loans to self-employed applicants against their property for multiple purposes including growing/expanding their business and purchasing/modernising plant and machinery. The lender claims to offer a fast track loan approval process with loan processing in 5-7 days.

flag +91 -

Error: This is invalid mobile number

By submitting this form, you have read and agree to the Credit Report Terms of Use, Terms of Use & Privacy Policy
Error: Please accept the undertaking to proceed further
Updated: 21-08-2025 09:56:15 AM
Cholamandalam Loan Against Property Highlights
Interest rates Floating Rate: 10.00% – 18.00%

Fixed Rate: 14.00%-19.00%
Loan amount Rs 5 lakhs to Rs 7.5 crores
Loan Tenure Up to 15 years
Processing Fees Rs 10,000 plus GST (per property)

Note: Interest rates updated as of 21 August 2025

Cholamandalam Loan Against Property Interest Rates

Cholamandalam Loan Against Property interest rates start from 10% p.a. onwards. Stated below are the LAP interest rates based on fixed and floating interest rates: 

Particulars Interest Rates (p.a.)
LAP Floating Interest Rates 10.00%-18.00%
LAP Fixed Interest Rates 14.00%-19.00%
bureau meter

Check Lenders Offering Loan Against Property at Low Interest Rates Click Here

Fees and Charges for Availing Cholamandalam Loan Against Property

Processing fees and other charges for availing Cholamandalam Loan Against Property are as follows:

Loan Product Rates
Admin and Processing Fees 3% on the sanctioned amount
Sourcing Fee Loans up to Rs 5 crore – Up to Rs 15,000
Loans Rs 5 crore – Rs 7.5 crore – Up to Rs 25,000
Loans above Rs 7.5 crore – Up to Rs 50,000
Balance Transfer (BT) commitment 1% of BT amount
Document/Duplicate Document Charges Copy of Documents: Rs 750
Statement of Account: Rs 500
Cheque & Mandate Swapping Charges Rs 500
Loan Cancellation Charges Repay Loan amount with interest at 18% p.a.
Rate Reset Charges 1% of principal outsanding
Rate Switch Charges 1% of principal outsanding
Penal Charges 36% p.a. of instalment overdue from the due date to the date of actual payment)
Cheque & Mandate Bounce Charges Rs 1,500 per bounce
Pre-closure Charges (Part payment/Full Closure) 5% of principal outsanding

Eligibility Criteria for Availing Cholamandalam Loan Against Property

Cholamandalam has not disclosed the eligibility criteria for its loan against property scheme. Most lenders offer Loan Against Property to both salaried and self-employed loan applicants. Some of the other factors considered by lenders while determining the loan against property eligibility criteria of their loan applicants are their monthly income, credit scores, age, occupation, occupation profile, work experience or business continuity of their LAP applicants.

Also Check: Loan Against Property Eligibility Calculator

bureau meter

Check your Eligibility for Availing Loan Against Property Click Here

Cholamandalam Loan Against Property Documentation Required

The Loan Against Property documents required for loan applicants availing Cholamandalam loan against property are mentioned below:

Identity Proof

  • Passport
  • PAN card
  • Voter ID card
  • Driving Licence
  • Bank pass book (with attested photo) and latest bank statement
  • Ration card with photo
  • Aadhaar Card
  • Employee photo ID card issued by the govt.
  • Pensioner ID Copy
  • Registered property documents with photo
  • ESIC medical card(s) with photo
  • Any other govt. issued ID proofs like the post office ID card
  • Certification of Incorporation or other incorporation documents
  • Shops and Establishment Act Certificate
  • Board Resolution
  • Certificate for Sales tax registration
  • Memorandum of Association/Articles of Association with registration certificate
  • Registered Partnership Deed

Address Proof

  • Passport
  • Voter ID card
  • Driving Licence
  • Property Tax receipt not older than 6 months
  • Ration card
  • Telephone Bill – mobile/landline postpaid bills not older than 6 months
  • Utility bills, not older than 6 months, like electricity/gas bill or new gas card
  • Bank statement not older than 6 months
  • Registered property documents
  • Any other govt. issued address proofs like post office address/ID card issued by govt. companies and PSUs>
  • Registered Lease Deed and utility bill in the landlord’s name
  • Aadhaar Card
  • Registered lease deed
  • Shops and Establishment Act certificate
  • Certificate for Sales tax registration

Note: Cholamandalam may ask its loan applicants to provide additional loan against property documents, if necessary, based on the loan applicant’s profile.

 

Menu