Cholamandalam Personal Loan

Name: Cholamandalam Personal Loan
Brand: Paisabazaar
Rating: 4.2 (2839 reviews)

Cholamandalam Investment and Finance Company Limited (CIFCL) offers personal loans starting from 10% p.a. onwards for loan amount of up to Rs 35 lakh and for tenure of up to 5 years. The lender guarantees loan disbursal within 24 to 48 hours of loan approval. The lender also offers instant personal loans through ‘Chola One App’ with loan disbursal in just 15 minutes.

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Customer Rating

4.2_/5

2839 Reviews

51M+Satisfied Customers

65+Lending Partners

800+Cities across India

Paisabazaar Exclusive Benefits

Wide Choice

Curated offers from 30+ lenders

Quick Disbursal

Money in your account instantly

SmartMatch

Offers ranked according to eligibility

Digital Process

Hassle-free & paperless

Personal Loan EMI Calculator

Amount

₹

₹1 L

₹5 L

₹10 L

₹15 L

₹20 L

Amount

₹1 L

₹5 L

₹10 L

₹15 L

₹20 L

₹

50K50L

Rate of Interest(Per Annum)

8%30%

Tenure

1Y 10Y

Your Monthly EMI Payment

₹0

Principal Amount₹0

Interest Amount₹0

Total Amount₹0

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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

Axis Bank

Low Processing fee

Max. Loan Amt.Upto ₹40L

Rate of Interest9.99% - 17.15%

Tenure upto1-5 Years

Processing Fee1% - 1.5%

Kotak Mahindra Bank

Lowest Income requirement100% Digital Process*

Max. Loan Amt.Upto ₹25L

Rate of Interest9.98% - 17.2%

Tenure upto1-5 Years

Processing Fee1.1% - 1.5%

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Cholamandalam Personal Loan Highlights

Cholamandalam Personal Loan Interest Rates

Types of Cholamandalam Personal Loan

Eligibility Criteria for Cholamandalam Personal Loan

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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

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

Disclaimer: Cholamandalam Investment and Finance Company Limited is not a Paisabazaar partner for personal loans and all content herein is strictly informative in nature. Paisabazaar is not affiliated with, sponsored by or in any way connected to Cholamandalam Investment and Finance Company Limited for personal loans. No offers/services from Cholamandalam Investment and Finance Company Limited are being provided by Paisabazaar for personal loans. For further information about Cholamandalam Investment and Finance Company Limited for personal loans, users are required to reach out directly to Cholamandalam Investment and Finance Company Limited.

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

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

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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

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Last updated: 29 August, 2025

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