Cholamandalam Finance

Cholamandalam Finance
4.5
Cholamandalam Investment and Finance Company Limited (Chola) was founded in the year 1978 as the Murugappa Group's financial services division. Chola started its business in the equipment financing domain and has steadily evolved into a provider of diverse financial services including home loans, vehicle finance, SME loans, home equity loans, stock broking, investment advisory services, and many other financial services. Chola has a network of 1,098 branches throughout the country with AUM (assets under management) which is higher than Rs. 63,501 crore. Chola subsidiaries include CHFL (Cholamandalam Home Finance Limited) and CSEC (Cholamandalam Securities Limited). Cholamandalam Home Finance Limited (CHFL) has a growing base of more than 8 lakh customers. Vision- Enable customers to enter a better life. Mission- The financial institution emphasizes a customer-centric approach along with long-term sustainability and profitability.

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Loans offered by Cholamandalam Finance

Cholamandalam Finance LoansInterest RateProcessing FeeLoan Amount/Tenure

Cholamandalam Finance Home Loan

9% - 20%

Rs 5,000 (including GST)

₹5L - ₹50L

Tenure(15 - 30 Years)

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Cholamandalam Finance Loan Against Property

10% - 20%

Rs 10,000 plus GST (per property)

₹10L - ₹5Cr

Tenure(Up to 15 Years)

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Features and Benefits of Cholamandalam Investment and Finance Company

Cholamandalam Investment and Finance Company provides various financial products and services to cater to versatile client requirements; SME loans, vehicle loans, rural and Agri products, and wealth management are among the most captivating. Below depicted are some significant features and benefits offered by Chola:

Attractive Interest Rates

Whether you explore Cholamandalam Investment and Finance Company for loans, wealth management, securities, or any other financial product, you unlock doors to attractive interest rates compared to other providers.

Minimal Documentation

There is no need to provide hundreds of documents to prove your identity and financial stability to secure a loan. The documentation is quick and easy. With minimal documentation requirements, Chola aims to offer hassle-free loans in the minimum possible period.

Quick Loan Disbursal

 Cholamandalam Investment and Finance Company is quite popular with rapid evaluation, loan processing, and sanction. You will not have to wait months to get approval from the lender. As an applicant, you only need to ensure that you prepare the required documents.

Flexible Repayment Tenures on Loans

With Cholamandalam Investment and Finance Company, you get the feature to choose a repayment tenure that is best suitable as per your financial conditions. Chola offers a flexible repayment tenure for vehicle loans, loans against property, and home loans.

FAQs

From refinancing to reducing your interest, we have the answers right here.

Is Cholamandalam a Banking company?

No, Cholamandalam is a Non-Banking Financial Company with more than 16 Lakh satisfied customers.

What is the interest rate of Cholamandalam?

Cholamandalam Investment and Finance Company offers financial products at a starting interest rate of 9%.

Where is Cholamandalam's head office?

The head office of Cholamandalam Investment and Finance Company is located at Parrys, Chennai.

Is Cholamandalam a NBFC?

Yes, Cholamandalam is a NBFC, established in 1978.

Who is the founder of Cholamandalam finance?

The founder of Cholamandalam Investments & Finance Company Ltd. is Yogesh Nimbale.

How many branches of Cholamandalam are there in India?

There are 1,098 branches of Cholamandalam in India.

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