Keeping track of your loan repayments is important - and Cholamandalam Finance makes it easy. Whether you want to check your EMI history, verify your outstanding balance, download an interest certificate for tax filing, or simply stay on top of your loan account, your Chola Finance loan statement has all the details you need.

In this guide, we'll walk you through every method to access your loan statement - online portal & mobile app - in simple, easy steps.

What is a Cholamandalam Finance Loan Statement?

A Cholamandalam Finance Loan Statement is an official document that summarizes all transactions related to your loan account. It provides details such as EMI payments made, outstanding principal balance, interest charged, repayment history, overdue amounts, and other important loan-related information.

Borrowers can use the loan statement to monitor their repayment progress, verify EMI deductions, plan prepayments, claim tax benefits (where applicable), and maintain accurate financial records.

How to Download Cholamandalam Finance Loan Statement Online?

Cholamandalam Finance enables borrowers to conveniently access and download their loan statements online through its customer portal. You can easily check EMI payments, outstanding balance, and repayment history anytime.

Download Through Customer Portal 

Follow these simple steps to download your chola finance loan statement online:

  • Visit the official Cholamandalam Finance website and navigate to the Customer Portal section.
  • Log in using your registered mobile number.
  • Complete the OTP verification process sent to your registered mobile number to securely access your account.
  • Once logged in, go to the My Loans or Loan Account Details section on the dashboard.
  • Select the loan account for which you wish to download the statement, especially if you have multiple active loans.
  • Click on the Loan Statement or Account Statement option available under loan services.
  • Choose the desired statement period to view transactions for a specific duration.
  • Review the details displayed, including EMI payments, outstanding balance, and repayment history.
  • Click the Download button to save the loan statement in PDF format for future reference.

How to Check Cholamandalam Loan Statement Using Mobile App?

The chola finance mobile app lets you conveniently check your loan statement anytime from your smartphone. You can easily view EMI payments, outstanding balance, and repayment history in just a few taps.

Steps to Check Chola Finance Loan Statement Using Mobile App:

  • Download and install the official Chola One mobile app from the Google Play Store or Apple App Store.
  • Log in using your registered mobile number.
  • Complete the OTP verification process to securely access your account.
  • Navigate to the My Loans or Loan Accounts section on the app dashboard.
  • Select the loan account for which you want to view the statement.
  • Tap on the Loan Statement or Account Statement option.
  • Review details such as EMI payments, outstanding balance, and transaction history.
  • Download or share the statement in PDF format for future reference, if the option is available.

Tip: The app also sends EMI reminders and payment confirmations - turn on notifications to never miss a due date.

Benefits of Checking Your Cholamandalam Finance Loan Statement 

Regularly reviewing your loan statement offers several benefits:

  • Helps track EMI payments and repayment progress.
  • Allows you to monitor your outstanding loan balance.
  • Identifies discrepancies or missed payments promptly.
  • Supports better financial planning and budgeting.
  • Provides repayment proof for future loan applications.
  • Assists in claiming tax benefits for eligible loans.
  • Helps evaluate prepayment or foreclosure options. 

Frequently Asked Questions

1. How can I download my Chola Finance loan statement online?

Log in to the Chola customer portal at www.cholamandalam.com or use the Chola One app with your registered mobile number. Go to "My Loans," select the account, choose the period, and download the PDF.

2. Is there any charge for downloading the Cholamandalam loan statement?

Generally, loan statements downloaded through online channels are provided free of cost. However, branch-issued physical copies may attract charges. 

3. Can I get my Cholamandalam loan statement through email?

Yes, you can request your loan statement through customer care, and it may be sent to your registered email address after verification. 

4. What details are available in a Cholamandalam Finance loan statement?

The statement contains loan account details, EMI history, interest charged, outstanding balance, overdue amounts, and repayment information. 

5. How often should I check my loan statement?

It is advisable to review your loan statement monthly to track EMI payments and identify any discrepancies.

 

Disclaimer: This page includes information that has been compiled from many sources and is only offered for informational purposes. Given that this type of data may change over time, we cannot guarantee the accuracy of the information supplied or included within it. It is anticipated that the user will confirm with the relevant source before making any choices or taking any actions.