Cholamandalam Investment and Finance Company Limited (Chola) is the owner and developer of the Chola One lending app, where users can apply for fast personal loans up to ₹ 3 lakhs. All loan applications are submitted online. Chola One takes fewer than 15 minutes to complete your personal loan application, requiring very little documents. Your CIBIL score is the only factor that determines your loan eligibility. .

What items does Chola One offer?

Online personal loans are provided quickly and easily by Chola One. .

Has RBI approved Chola?

Yes, the RBI has authorised Chola. It follows RBI guidelines during the entire lending process. .

Is using Chola One safe?

Chola One is, indeed, an extremely secure app. With Chola One, your data is safe and secure. In accordance with our privacy policy, we protect the privacy of all of our customers' data. .

Is Chola One an app that uses credit cards?

No, Chola One is an EMI-based loan app rather than a credit card app. .

Does Chola One offer its services everywhere in India?

Indeed, Chola One caters to clients all over India. Serving each and every Indian citizen is a privilege for us. .

How can I apply for a Chola One loan?

The entire loan application at Chola One is done online. Launch the app and begin using it. .

What paperwork is needed process in order to apply for a Chola One loan?

The Aadhaar card, PAN card, and six months' worth of bank statements are required. DigiLocker is another tool you can use to upload documents. .

Chola Finance Personal Loan

Personal Loan offered by Chola is a personal loan from Chola that is completely digital and paperless. With low interest rates that start at 14% p.a. onwards, you can avail a loan of up to Rs.2.5 lakh with a repayment tenure that ranges from one year to three years, without any personal guarantor required. The same-day disbursement and instant e-approval means that you can get the funds you need at just the right time without any delay.

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Features of the Personal Loan by Chola Finance

Here are some of the important features of the Chola Personal Loan:

No guarantor required
No collateral required
Same day disbursement
Low interest rate
Instant E-approval
Paperless process
Nil documentation

Cholamandalam Personal Loan Details

Here are the details of the Cholamandalam Personal Loan:

Interest Rate	14% onwards
Processing Fees	4% -6% of the loan amount plus applicable taxes
Loan Tenure	Up to 36 months
Guarantor Requirement	None
Collateral Requirement	None

How Does Chola One Personal Loan App Work?

Start by downloading the Chola One App from the Play Store.
Register using your mobile number.
Set your Mobile Banking Personal Identification Number (MPIN).
Click on "apply now."
Enter your basic details and submit.
Choose "avail personal loan."
Upload necessary documents like Aadhaar card, PAN card, and a photo. DigiLocker is also an option.
Provide your address, email ID, employment details, and click on "proceed."
Specify your desired loan amount and tenure.
Include a reference name and mobile number, then submit your application.
Once your loan amount is approved, input your bank details and accept and submit the loan terms.
Within 24 hours, your approved loan amount will be disbursed to your bank account.

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Eligibility Criteria for Personal Loan by Chola

The eligibility criteria for the Cholamandalam Finance Personal Loan are as given below:

Age limit	23 – 65 years
Type of Employment	Salaried Self-Employed Retired Personnel
Type of Citizen	Indian Citizen
Minimum Monthly Income	Above Rs.10,000

Cholamandalam Personal Loan EMI Calculation

It helps to understand exactly how much your Equated Monthly Instalment (EMI) will be on your Turbo personal loan as this will help you plan your finances and ensure that your EMIs are repaid on time.

You can calculate your personal loan EMI by using the free EMI calculator. All you have to do is adjust the scale on the page to your required loan amount and tenure and enter the values for the interest rate and processing fee. On clicking "Calculate" your EMI details and amortisation table will be instantly displayed on the page.

Chola Finance Personal Loan Customer Care Number

You can get in touch with Cholamandalam Finance for any questions or support regarding your Chola Personal Loan through any of the following ways:

Customer Care Toll-Free Helpline / Customer Grievance	1800-102-4565 (available from 9:30 am to 06:30 pm)
Customer care email address	customercarecsel@chola.murugappa.com

How to Contact the Chola Grievance Officer?

Name: Mr. Krishnakumar K.P

Contact Number: 044-40906097

Email: gro@chola1.murugappa.com

A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.

A good credit score can help you secure lower interest rates on loans and credit cards.

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FAQs on Chola Finance Personal Loan

Describe Chola One.
Cholamandalam Investment and Finance Company Limited (Chola) is the owner and developer of the Chola One lending app, where users can apply for fast personal loans up to ₹ 3 lakhs. All loan applications are submitted online. Chola One takes fewer than 15 minutes to complete your personal loan application, requiring very little documents. Your CIBIL score is the only factor that determines your loan eligibility.
What items does Chola One offer?
Online personal loans are provided quickly and easily by Chola One.
Has RBI approved Chola?
Yes, the RBI has authorised Chola. It follows RBI guidelines during the entire lending process.
Is using Chola One safe?
Chola One is, indeed, an extremely secure app. With Chola One, your data is safe and secure. In accordance with our privacy policy, we protect the privacy of all of our customers' data.
Is Chola One an app that uses credit cards?
No, Chola One is an EMI-based loan app rather than a credit card app.
Does Chola One offer its services everywhere in India?
Indeed, Chola One caters to clients all over India. Serving each and every Indian citizen is a privilege for us.
How can I apply for a Chola One loan?
The entire loan application at Chola One is done online. Launch the app and begin using it.
What paperwork is needed process in order to apply for a Chola One loan?
The Aadhaar card, PAN card, and six months' worth of bank statements are required. DigiLocker is another tool you can use to upload documents.

Important Personal Loan Pages

Personal Loan Eligibility by Banks

Personal Loan Interest Rates by Bank

Personal Loan EMI Calculator by Bank

Personal Loan Customer Care by Bank

Personal Loan Status Track by Bank

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