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Cholamandalam Personal Loan

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Get up to ₹50 Lakhs starting at 9.98%

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5.7cr+Satisfied Customers
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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee₹ 6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto ₹25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto ₹25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%

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How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

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

About Cholamandalam Personal Loan

  • Cholamandalam personal loans are offered at attractive interest rates to meet personal financial needs.
  • Applicants can apply through Paisabazaar to experience a hassle-free paperless digital process and end-to-end expert assistance.
  • The loan approval is based on the applicants’ repayment capacity and creditworthiness.
  • Cholamandalam personal loans come with convenient loan repayment options and require minimal paperwork
  • These personal loans are collateral-free, are processed instantly and disbursed quickly within 24 to 48 hours of approval.

Cholamandalam Personal Loan Highlights

  • Interest Rate: 10%-28% p.a.
  • Loan Amount: Up to Rs 35 lakh
  • Tenure: Up to 5 years
  • Processing Fees: Up to 2% of the loan amount

Cholamandalam Personal Loan Interest Rates

Products Interest Rates (p.a.)
Personal Loan (Salaried and Professional)- Term Loan 10%-28%
Personal Loan (Salaried and Professional)- Drop Line Flexi Loan 10%-28%

Types of Cholamandalam Personal Loan

Cholamandalam Instant Personal Loan

  • Purpose: Cholamandalam offers Instant Personal Loan to salaried/professionals/self-employed individuals through its Chola One app. The lender claims to disburse the loan in just 15 minutes of loan approval.

Cholamandalam Personal Loan for Salaried Employees

  • Purpose: Cholamandalam offers “Personal Loan for Salaried Employees” with quick loan processing and paperless digital approval process to meet the personal requirements of salaried individuals.
  • Loan Amount: Up to Rs 35 lakh
  • Tenure: Up to 5 years

Cholamandalam Personal Loan for Self-employed Professionals

  • Purpose: Cholamandalam offers “Personal Loan for Self-employed Professionals” to fulfill the personal requirements of self-employed professionals.
  • Loan Amount: Up to Rs 35 lakh
  • Tenure: Up to 5 years

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All Your Needs

Eligibility Criteria for Cholamandalam Personal Loan

  • Nationality- Indian citizen
  • Age- 23 years (at the time of loan application) and 65 years (at the time of loan maturity)
  • Monthly income- Above Rs 10,000

Documents Required for availing Cholamandalam Personal Loan

  • ID Proof- PAN card, Aadhaar card
  • Bank account details
  • Registration information/Educational proof for professionals
  • Business proof (GST/ITRs/IEC/FSSAI) for self-employed

Cholamandalam Personal Loan Fees and Charges

Particulars Charges
Processing Fees Up to 2% of the loan amount
Pre-closure Charges (Part payment/Full
Closure)		 Up to 4% of outstanding principal
Statement of account Up to Rs 500 per copy
AMC (for drop line flexi loan) Up to 1% of total credit limit on the
date of levy of such charges
Mandate rejection charges Up to Rs 500
Swap Charges Up to Rs 500
Physical repayment schedule charges Up to Rs 500
Duplicate NOC Up to Rs 1,000
Cheque bounce charges Up to Rs 1,000
Penal Interest Maximum 36% p.a. on the amount outstanding from the due date to the date of actual payment

How Can I Apply for a Personal Loan Online?

Get up to ₹40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

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

Explore Our Personal Loan Lenders

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What our customers say

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026

Meri shaddi thi

Shadi mai bht kharche hote hai. Maine shaddi ke liye personal loan paisabazaar se liya tha. Process smooth tha or interest bhi sahi milla.

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Sadia KhatunJan 15, 2026

Travel ke liye personal loan liya tha

Mai bohot din se out of India ghumne jana chahti thi lekin jab jane ka time mila toh budget kaam padh raha tha, Paisabazaar se personal loan leke bht acha trip kiya. Maza agaya. Mere upar koi burden bhi nhi padha

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Tarini RoyJan 14, 2026

Easy personal loan available

Took personal loan. Good experience.

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Ruchika TiwariJan 14, 2026

Medical Emergency thi, loan jaldi mil gya

Muhje ek medical emergency ke liye personal loan lena padha. Paisabazaar pe bht jaldi or smooth process tha. time pe kaam agaya.

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Raj SinghJan 13, 2026

Compare karke sahi rate mila

Loan offers jab comapre kiya toh pata chala konse loan lene se muhje sahi mai faida hoga. Isiliye Paisabazaar muhje best laga.

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Akrity PandeyJan 5, 2026

Personal loan fatfat mai mil gaya

Muhje paiso ki urgent need thi. Paisabazaar se loan jaldi or sahi rate pe mil gaya.

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Riya MehraJan 5, 2026

Loan from Paisabazaar was actually paperless

I always used to think that the paperless loan is a myth. But on Paisabazaar, I applied for the pre approved loan from IDFC Bank and all documentation was already done. I just filled the form, did kyc and my loan was approved and disbuursed one the same day.

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Tanmay BorkatakiDec 12, 2025

Best place for a small loan

I have take loan of 60-70000 three times from paisabazaar in 4 years and every time it has been a very good experience. They provide the loan without failure and have also helped me improve my cibil.

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Aridaman Singh ParhichaDec 11, 2025
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