- 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

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Paperless Digital Process
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Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2.5%
Max. Loan Amount₹2 Crore
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2.5%
Max. Loan Amount₹2 Crore
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹4999+GST
Max. Loan Amount₹50 Lakh
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹4999+GST
Max. Loan Amount₹50 Lakh
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹40 Lakh
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹40 Lakh
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹12999+GST
Max. Loan Amount₹50 Lakh
Processing Time3 - 5 Days
Interest Rate9.99% onwards
Processing Fees₹12999+GST
Max. Loan Amount₹50 Lakh
Processing Time1 - 2 Days
Interest Rate10% onwards
Processing FeesUpto 1.2%
Max. Loan Amount₹75 Lakh
Processing Time1 - 2 Days
Interest Rate10% onwards
Processing FeesUpto 1.2%
Max. Loan Amount₹75 Lakh
Processing Time1 - 2 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹1 Crore
Processing Time1 - 2 Days
Interest Rate9.99% onwards
Processing FeesUpto 2%
Max. Loan Amount₹1 Crore
Processing Time3 - 5 Days
Interest Rate17% onwards
Processing FeesUpto 4%
Max. Loan Amount₹50 Lakh
Processing Time3 - 5 Days
Interest Rate17% onwards
Processing FeesUpto 4%
Max. Loan Amount₹50 Lakh
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About Cholamandalam Personal Loan
Cholamandalam Personal Loan Highlights
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% |
Rates as of 15th April 2026
Types of Cholamandalam Personal Loan
Cholamandalam Instant Personal Loan
Cholamandalam Personal Loan for Salaried Employees
Cholamandalam Personal Loan for Self-employed Professionals
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Eligibility Criteria for Cholamandalam Personal Loan
Documents Required for availing Cholamandalam Personal Loan
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 |
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Personal Loan Articles
View All ArticlesPaisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.
The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.
The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.
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Get up to ₹50 Lakhs starting at 9.98%*
Get up to ₹50 Lakhs starting at 9.98%*








