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Cholamandalam Personal Loan

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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Hassle-free Application Process

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End-to-End Expert Assistance

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Paperless Digital Process

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Instant Loan Processing

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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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About Cholamandalam Personal Loan

  • 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 Highlights

  • Interest Rate: 10%-28% p.a.
  • Loan Amount: Up to Rs 35 lakh
  • Tenure: Up to 5 years
  • Processing Fees: Up to 2% of the loan amount

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

  • Purpose: Cholamandalam offers Instant Personal Loan to salaried/professionals/self-employed individuals through its Chola One app. The lender claims to disburse the loan in just 15 minutes of loan approval.

Cholamandalam Personal Loan for Salaried Employees

  • Purpose: Cholamandalam offers “Personal Loan for Salaried Employees” with quick loan processing and paperless digital approval process to meet the personal requirements of salaried individuals.
  • Loan Amount: Up to Rs 35 lakh
  • Tenure: Up to 5 years

Cholamandalam Personal Loan for Self-employed Professionals

  • Purpose: Cholamandalam offers “Personal Loan for Self-employed Professionals” to fulfill the personal requirements of self-employed professionals.
  • Loan Amount: Up to Rs 35 lakh
  • Tenure: Up to 5 years

Avail Personal Loan for
All Your Needs

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Avail Personal Loan for
All Your Needs

Eligibility Criteria for Cholamandalam Personal Loan

  • Nationality- Indian citizen
  • Age- 23 years (at the time of loan application) and 65 years (at the time of loan maturity)
  • Monthly income- Above Rs 10,000

Documents Required for availing Cholamandalam Personal Loan

  • ID Proof- PAN card, Aadhaar card
  • Bank account details
  • Registration information/Educational proof for professionals
  • Business proof (GST/ITRs/IEC/FSSAI) for self-employed

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

What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

Anuradha GuptaJan 21, 2026
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Anubhuti Agrawal profile
Written By
Anubhuti Agrawal
Shamik Ghosh profile
Reviewed By
Shamik Ghosh

Paisabazaar 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%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

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