Bank
Cholamandalam Investment and Finance Company Limited

Cholamandalam Investment and Finance Company Limited was incorporated in 1978 as the financial services arm of the Murugappa Group. Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock broking and a variety of other financial services to customers.

About Home Loan

They believe that every family should own a home. Chola offers home loans to suit all budgets, convenient repayment options and fast track approval process. Chola supports your dreams of purchasing a home by offering you guidance on choosing the right loan. With over 577 branches across India, they are making it easier to service your loan needs.

Eligibility Criteria

  • Cholamandalam offers an eligibility tool on their website for a detailed analysis. Please refer same for the criteria.

Documents Required

  • Identity Proof
  • Address Proof
  • Certification of incorporation or other incorporation documents
  • Other details as per RBI’s Notification

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

About Car Loan

For the past 20 years, Chola has created value for its customers by supporting them in becoming entrepreneurs in the field of commercial transportation. Chola has financed over 750,000 customers, and increasing by over 15,000 new customers every month. Chola enjoys a valued and stable relationship with manufacturers and dealers, one of the key reasons, why it is a leader in the commercial vehicle segment.

Eligibility Criteria

  • Cholamandalam offers an eligibility tool on their website for a detailed analysis. Please refer same for the criteria.

Documents Required

  • Identity Proof
  • Address Proof
  • Certification of incorporation or other incorporation documents
  • Other details as per RBI’s Notification

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

About Business Loan

Chola SME Loans are business loans created exclusively for Small and Medium Enterprises to grow and diversify their business. Chola offers a range of financial solutions to meet your specific short-term or long-term funding and business expansion requirements.

Eligibility Criteria

  • Cholamandalam offers an eligibility tool on their website for a detailed analysis. Please refer same for the criteria.

Documents Required

  • Identity Proof
  • Address Proof
  • Certification of incorporation or other incorporation documents
  • Other details as per RBI’s Notification

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer

About Loan Against Property

Chola believes that nothing is impossible for those who aspire to enter a better life. Loans against your property is intended to finance all your dreams and that of your family members. You could use the additional revenue for a multiple requirements, the choice is yours.

Eligibility Criteria

  • Cholamandalam offers an eligibility tool on their website for a detailed analysis. Please refer same for the criteria.

Documents Required

  • Identity Proof
  • Address Proof
  • Certification of incorporation or other incorporation documents
  • Other details as per RBI’s Notification

Do's and Don'ts

Do’s

  • Make your mortgage or rent payments on time
  • Stay current on all existing accounts
  • Continue to work for the same employer
  • Continue living at your current residence
  • Keep credit card balances at or below 40% of credit limits
  • Call us before doing anything regarding your employment, credit cards or assets.

 

Don't

  • Don’t make a major purchase (car, boat, etc.)
  • Don’t apply for new credit or loans of any kind
  • Don’t change bank accounts or banks unless advised
  • Don’t consolidate your debt into fewer accounts
  • Don’t Deposit cash or non-traceable funds
  • Don’t close credit card accounts
  • Don’t borrow money
  • Don’t transfer checking or savings balances from one account to another
  • Do not give notice to your landlord before consulting with your loan officer