Here are a few factors

Rating 5 /
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Location DELHI-NCR(NCR,UTTARKAHAND,ORISSA)
CIBIL Score 675+
Minimum Salary Per Month 20000/-Per Month
Salary Mode NEFT,IMPS BUT COMPANY NAME MENTION ,COMPANY TRANSFER,RTGS
Applicant Age 23 Year to 65 Year
Loan Amount & Tenure 10000 to 20 Lac
(6 Month to 60 Month)
Rate of Interest (Type) 14% to 22% (Reducing)
Processing Fees 1% - 3%
Processing Mode & TAT Processing: Online
TAT: 1 Day to 3 Days
Foreclosure Charges NIL Charge
Part Payment Allowed No
OD Product Yes
BT+TopUp No
Minimum Job Experience 6 month
Employer Business Vintage 2 year
FOIR 65% of Net Salary
Whether Co-Applicant Mandatory No

Key highlights of Cholamandalam Personal Loan

The sudden need for finances is sometimes unavoidable, whether personally or professionally. So, consider a loan against property as the first and best option for immediate funds. Also, as per the market trends, Cholamandalam Personal Loan has been acting like a boom because of its lowest interest rates and higher loan amounts. Let us move ahead in this article and learn more about the benefits and other details of Cholamandalam Personal Loan.

Documents required for Cholamandalam Personal Loan

  • KYC of Applicant (Adhar Card+Pan Card+Passport Size Photo)
  • Last 3 month Salary Slip
  • Last 6 month Bank Statement in PDF
  • Form 16 of last 2 year
  • Rent Agreement if rented or Utility Bill if residence is owned
  • Sanction Letter of all current running loan if any
  • Office ID Card or Official EMAIL ID if any
01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Leave Your Question

FREQUENTLY ASKED QUESTIONS

The Annualised Interest Rate of a Cholamandalam Personal Loan is 14% p.a.

Yes, Cholamandalm is approved by the RBI.

The minimum age to apply for a Cholamandalm personal loan is 23. 

The minimum required salary to apply for Cholamandalam Personal Loan is Rs. 10,000 per month.

The Processing Fee to apply for Cholamandalam Personal Loan is 3%