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A loan against property in Cholamandalam suits all kinds of budgets and needs. Get convenient repayment options and a speedy approval process. Minimal documentation required. Check offers now and apply exclusively on CreditMantri!
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Cholamandalam Investment and Finance Company Limited was incorporated in 1978 and is one of the leading NBFCs in India. It is part of the Chennai-based Murugappa group and offers a range of financial products like home loans, home equity loans, auto loans, SME loans, stock broking among others. Chola has over 500 branches across the country.
Switch to a better life with Chola’s Loan against Property! A loan against your property can finance your needs at a cheaper cost compared to a personal loan. You could use the loan for a multitude of your requirements so long as it is legal. A Loan Against Property in Cholamandalam suits all kinds of budget and needs, has convenient repayment options and a speedy approval process.
Avail loan amounts from INR 10 Lakhs up to INR 5 Crores
Opt for tenures that are long and flexible in order to ease your monthly EMI amounts. The Loan Against Property Cholamandalam is secured, ensuring that you get longer tenure to pay off your EMIs.
You can opt for floating rate of interest rate or fixed interest rate. Take advantage of interest rates on a loan against property that are lower than most other modes of raising funds.
Cholamandalam Finance offers attractive interest rates on Loans Against Property. Note that the Interest Rate depends on a variety of other factors. For the latest interest rates, you can contact your nearest branch.
Advantage for the self-employed
Take advantage of the various offers and exclusive products for the self-employed.
Once you are found eligible for a Loan against property, the Cholamandalam Loan Against Property Application is processed quickly, subject to the successful verification of all the documents. The application is processed in 5-7 working days.
Transfer of Existing Equity Loan
You can choose to transfer your existing loan against property with another provider to Cholamanadalam for better and attractive interest rates, longer tenures, etc.
Part pre-payment of loan is possible, subject to terms and conditions. A nominal fee would be levied on you for such purposes.
Easy Payment modes
You can pay the EMI amount by the following payment modes:
Swapping of Bank Accounts
In case you wish to change your Repayment Mode, it can be done so easily by the submission of the requisite documents. Please note that the swap will take up to 30 working days, from the date of receipt of fresh instruments.
Cholamanadalam offers competitive interest rates in the market. For the latest interest rates, it is advisable to contact the company. Keep in mind that the interest rate offered is dependent on a variety of factors.
In order to check your eligibility for a loan against property from Chola, you can use the Chola Online Eligibility Calculator. The amount of loan you would be eligible for depends on varied criteria like your net monthly income, your age, any other loan commitments you might already have, the tenure of the loan etc.
Any salaried or self-employed Indian national can apply.
What is the Repayment mode after availing a loan against property from Cholamandalam?
You can repay your loans in EMIs (Equated Monthly Instalments).
What is an EMI?
EMI is Equated Monthly Instalment. It is the amount which you will be paying on a monthly basis to repay your loan amount over the stipulated loan period.
How do I calculate EMI?
You can use any online Personal Loan EMI Calculator in order to calculate the EMI that you might be paying each month towards the loan. In order to use the calculator, you will have to input the following:
You will get the resulting (approximate) EMI amount which you will have to pay each month towards repaying the loan. You can use CreditMantri’s handy calculator in order to plan your finances and decide what kind of loan you can afford.
What are the payment methods for EMI with a Chola loan?
How long will it take for my loan application to be processed?
Loan processing generally takes 5-7 working days, once your documents are found to be in order.
How can I update my latest contact details?
You can contact your nearest branch/Head Office in order to update your contact details. You need to fill a form and submit your address proof.
Chola offers loans to suit all budgets, with attractive interest rates and convenient repayment options. You can pay your EMIs by cash/cheque or DD at the nearest branch. You can check your eligibility online and determine your estimated EMI costs to decide what kind of loan you can afford.
You can apply for a Cholamandalam Loan Against Property in any of the following ways:
You can visit any of the Cholamandalam Finance branches for details and submit a completed application form with your latest passport size photograph along with the required documents.
You can call the customer care at any of the branches who will assist you in the loan process.
You can also download the application form available on the Chola website and send the filled- in form to any of the branches nearest to you along with a copy of the requisite documents.
Alternatively, if you think you need help with your loan application and advice on loan eligibility, CreditMantri can guide you through the entire process and match you with the loan offer that best suits your profile.
Dinesh Kumar AP
"No hassle, great website, amazing service by CreditMantri
I wanted to avail a loan against property since I was in need to a large amount of money. Generally, banks have very strict conditions where there is large amount of money involved.
Going to a bank and having to wait in queues, and not knowing what to do have always scared me. Hence I decided to apply through CreditMantri.
I had no hassles in securing a loan—the customer service was great, they explained the whole process to me in detail and helped me at every step, documentation easy, approval speedy, and interest rates one of the lowest. The Credit Mantri team was in touch with me from start till the end.
Happy and satisfied. Thank you!"
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