Why Choose Cholamandalam Investment and Finance Company for Home Loans?
Regional Reach: Whether you are a first-time buyer, a pro, or run
a small shop, they understand your local scene.
Flexible Products: Salaried, self-employed, or paid in cash –
they have options to suit your situation.
Quick Approvals: Light paperwork and fast loan processing to save
you time.
No Hidden Costs: Clear rates and fees with no surprises later.
Open to Different Situations: Multiple incomes or co-applicants –
they understand everyone’s unique needs.
Cholamandalam Investment and Finance Home Loan Products
Cholamandalam Investment and Finance offers a versatile range of home loan products, including:
Buying a New or Used Flat/House: Cholamandalam offers home loans
whether you’re buying a brand-new property or a pre-owned flat or house.
Home Building Loans: Have land and want to build? Cholamandalam
can provide the loan you need to make it happen.
Low-cost Housing Loans: Affordable loan options for individuals
in the lower or middle-income range looking to buy a home.
Move-in Ready Homes: Designed for those who want to shift into
their new home immediately without waiting for construction.
Move Your Loan and Get Extra Cash: Transfer your existing home
loan to Cholamandalam for better rates, plus access additional funds if needed.
Cholamandalam Home Loan Interest Rates
Cholamandalam home loan interest rates are customized to your profile and
loan scheme:
| Applicant Type / Scheme |
Interest Rate (p.a.) |
Processing Fee |
Max Tenure |
| Salaried & Self-Employed (Prime) |
9% – 17% |
Up to ₹5,000 + up to 2% of loan amount |
Up to 30 years |
| Low-Income Salaried |
10% – 18% |
" |
Up to 30 years |
| Affordable Housing |
10% – 20% |
" |
Up to 30 years |
| Cash-Salaried |
12% – 20% |
" |
Up to 30 years |
| Women Borrowers |
9% – 17% |
" |
Up to 30 years |
| Self-Employed Non-Professionals |
10.50% – 17% |
" |
Up to 30 years |
Rates depend on profile, tenure, and loan type. No prepayment/part-payment
charges for individual (non-business) loans
Processing Fees
Application Fee: Up to ₹5,000 (inclusive of GST).
Admin Fees: Up to 2% of the loan amount.
Just so you know, there might be a few small extra costs, like ₹500 + GST for an
account statement or a bounced cheque.
Who Can Apply -
Cholamandalam wants to help you buy a home, so here's who can apply:
Age: Must be between 21 and 65 years old at the time your loan
ends.
Nationality: Must be a resident of India.
Income: No fixed minimum, but you must show the ability to repay
the loan each month. All income types are considered – salaried, self-employed, professionals,
or cash-paid.
Credit Score: Ideally 750 or higher. Lower scores are also
considered with additional checks.
Co-applicants: You can add a spouse or family member to your
application to improve eligibility.
What will you need to apply for a Cholamandalam Home Loan?
Okay, so here's what you usually need to do for the Cholamandalam Home loan
interest rate when you apply:
ID Proof: Aadhaar, PAN, Passport, Voter ID, or Driver's License.
Address Proof: Utility bill, Aadhaar, bank statement, or
Passport.
Proof of Income :
If you are employed: Payslips for the last 3–6 months, Form 16,
tax returns, and bank statements.
If you are self-employed: Tax returns for the past 3 years,
balance sheets certified by a CA, GST returns, and business registration.
Other situations: For cash income, informal jobs, or joint
applications, additional proof may be required.
Property Documents: Sale agreement, title deed, approved building
plan, latest tax receipt, and city approvals.
Photos: Passport-sized photographs.
Getting all your papers in clearly and quickly – originals or good scans – will
make things go faster.>
How to Apply for Cholamandalam Investment and Finance Home Loans via TyTil
Here’s how you can apply for a Chola Finance loan through TyTil .
Go to TyTil : Select Cholamandalam Investment and Finance Company home loans as your preferred lender and explore plans that match your needs.
Fill and Submit Application: Complete one simple online form – faster and easier than visiting the bank.
Upload Documents: Securely upload your ID, income proof, property papers, and photos on TyTil without the hassle of sending physical documents.
Get Real-Time Advisory: TyTil loan experts assist you with the application, paperwork, and any queries you have.
Track Application: Monitor approvals, document verification, and fund disbursement – all online.