Cholamandalam Finance Home Loan Interest Rates July 2026

Cholamandalam Investment and Finance Company Limited (CIFCL) is India’s leading non-banking finance company. It provides a wide range of financial services, including home loans, loans against property, business loans, gold loans, construction finance, etc. Cholamandalam Finance home loan interest rates start at 10.5%. The interest rate depends on the loan amount, loan tenure, repayment track record and credit score. The maximum loan amount can be up to ₹50L. The processing fee for this loan is Up to 1.5% of the loan amount with flexible repayment tenure of up to 30 years.

Cholamandalam Finance Home Loan Highlights

Here are the key highlights of Cholamandalam Finance Home Loan:

• Maximum Loan Amount: Up to ₹50L
• Loan Tenure: Up to 30 Years
• Processing Fees: Up to 1.5% of the loan amount
• Prepayment Charges: Nil
• Home Loan Interest Rate: Ranging from 10.5% – 19%
• Flexible repayment options: Equated Monthly Instalment (EMI) and non-EMI options
• Quick and hassle-free loan processing and disbursal
• Minimal documentation

Compare current rates across lenders on the home loan interest rate page to benchmark Cholamandalam Finance against other lenders before finalising your application.

Cholamandalam Home Loan Interest Rates on Loan Schemes

Cholamandalam Finance offers several housing finance schemes catering to versatile client needs.

Home Loans for Self-Construction

Cholamandalam Finance offers home loans to borrowers who need funds for constructing homes on their land. The interest rates for self-construction home loans start from 10.5% – 19% per annum onwards.

Loans for Purchase of Ready-to-Occupy Homes

With Cholamandalam Finance, you can purchase ready-to-occupy homes, including flats, individual houses, and villas. The home loan interest rates for ready-to-occupy homes range between 10.5% – 19% per annum.

Balance Transfer of Existing Home Loan

Borrowers having an existing home loan at higher interest rates with other banks and financial institutions can opt for Cholamandalam Finance balance transfer loans. Transfer your loans at lower interest rates starting from 10.5% – 19% onwards. Use the Home Loan Balance Transfer Calculator to evaluate the savings before making the move.

Loans for the Purchase of Plots

Purchase a plot of your choice and build residential or commercial buildings without any hurdle with Cholamandalam Finance home loans. Plot loan interest rates range between 10.5% – 19% per annum with a repayment tenure of up to 30 years.

Cholamandalam Finance Home Interest for Salaried and Self Employed

Cholamandalam Finance offers home loans to salaried individuals and self-employed persons at affordable interest rates with flexible repayment tenures of up to 30 Years. Use the Home Loan Eligibility Calculator to estimate your eligible loan amount before applying.

Products	Home Loan Interest Rate (per annum)
Cholamandalam Finance Home Loan Interest Rate for Salaried Employees and Self-Employed Individuals	10.5% – 19%
Cholamandalam Finance Home Loan Interest Rate for Low-Income Salaried Employees	10% to 15% per annum

Cholamandalam Home Loan Interest for Govt Employees

Cholamandalam Finance offers home loans to government employees too. The borrower needs to submit authentic proof, such as ID proof. The home loan interest rate for government employees ranges between 10.5% – 19%. However, the offered interest rate is based on the applicant’s credibility, financial history, existing debt, income, etc.

Products	Home Loan Interest Rate (per annum)
Cholamandalam Finance Home Loan Interest Rate for Govt Employees	9% to 17% per annum

Cholamandalam Finance Home Loan Interest Rate for Women

Cholamandalam Finance offers housing loans to working women professionals at a competitive interest rate from 9% onwards. However, the applicant must adhere to the Cholamandalam Finance eligibility criteria to obtain a home loan easily.

Products	Home Loan Interest Rate (per annum)
Cholamandalam Finance Home Loan Interest Rate for Women Applicants	10.5% – 19% per annum

Cholamandalam Finance Home Loan Fees and Charges

Before applying for a home loan from Cholamandalam Investment and Finance Company, you must know the charges you might have to pay before and post your loan disbursal.

Specifics	Rates
At the time of the home loan application
Loan Processing Charges	Up to 1.5% of the loan amount
Admin Fees	2% of the approved loan amount
Post Disbursement of Loan / Customer Service Charges
To get an Account Statement	₹500 + GST
Swapping Charges	₹500 + GST
Pre-closure Charges	Not applicable
Duplicate NOC	₹500 + GST
Switch Interest Rate Charges	1% of the outstanding loan amount
Collection Charges
Additional Interest towards Late Payments	1.50% additional rate of interest on the applicable rate towards delayed EMIs
Cheque Bounce	₹500 + GST
Field Visit	₹250 + GST (applicable for every visit)
Legal Charges Associated with Repossession and Recovery, along with Incidental Charges	At bank’s discretion

How to Calculate Cholamandalam Finance Home Loan Interest?

You can calculate your EMIs by being acquainted with the principal loan amount, repayment tenure, and Cholamandalam Finance home loan interest rate. The EMI calculator works on the following formula:

EMI = (P × R × (1+r)^n) / ((1+r)^n − 1)

Where:

• The principal loan amount P can be up to 80% of the property value.
• The rate of interest ranges from 10.5% – 19%.
• The loan tenure n falls in the 10 to 20 years bracket.

Use the Home Loan EMI Calculator to instantly estimate your monthly repayments without manual calculations.

Why are Cholamandalam Finance Home Loan Interest Rates the Best for Customers?

Cholamandalam Finance offers home loan interest rates that are among the best in the industry. They offer competitive rates, flexible repayment options, and attractive features such as a balance transfer and part prepayment facility. They also provide doorstep service, so customers can easily access their facilities without travelling long distances. Additionally, they have a strong network of over 1,000 branches across India and a wide range of loan products. Once your loan is sanctioned, use the Home Loan Prepayment Calculator to estimate interest savings from making early payments, and the Home Loan Tax Benefit Calculator to estimate your annual deductions under Section 80C and Section 24(b).

Cholamandalam Finance Home Loan Interest Rates for Existing Customers

Cholamandalam Finance home loan interest rates for existing customers depend on the type of loan and the customer’s credit score. The interest rate range is between 10.5% – 19% per annum. Cholamandalam Finance offers home loan products with loan amounts up to ₹50 lakh with flexible repayment options. The loan repayment tenure can be up to 30 Years.

Factors that Affect Cholamandalam Finance Home Loan Interest Rate

You must consider certain factors to get the best possible interest rate on a Cholamandalam Finance home loan. These factors significantly impact the home loan interest rates.

• Applicant’s Credit Score: A good CIBIL score is essential to avail of a Cholamandalam Finance home loan at a competitive interest rate. The higher the credit score, i.e. above 700, the lower the interest rate and EMI.
• Loan Amount: Generally, the higher the loan amount, the higher the interest rate and monthly EMI. Thus, it is recommended to borrow only the required amount.
• Loan Tenure: A longer loan repayment tenure usually means a lower monthly EMI. However, opting for shorter periods helps you avoid paying interest for a prolonged period.
• Type of Interest Rate: Fixed interest rates are generally higher than floating interest rates. An applicant must conduct thorough research before choosing the type of interest rate.
• Property Location: Properties in urban areas generally attract a higher interest rate than those in rural areas.
• Annual Income of the Applicant: The higher the borrower’s income, the lower the interest rate.