Cholamandalam loan against property

Create Customer

Are you planning to buy a pre-owned car? Got your eye on the latest high-end sedan? Or, perhaps you are looking for something more practical - a small hatchback with five doors and four seats. Either way, there are numerous choices when it comes to buying a used automobile. If you want to purchase a Cholamandalam, you can avail yourself Up to 95% of the valuation amount; Up to 85% of the valuation amount(refinance loan), at attractive interest rates.

Right Documents - Easy Process

Required Criteria to Apply for Cholamandalam Loan Against Property

Salaried income documents

  • KYC of applicant & Co-Applicant
  • Last 3 Month Salary Slip of Applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 2 Year Form 16 of applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Appointment letter of applicant if available
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Latest utility Bill if owned residence or rent agreement if rented
  • 2 Reference with contact details

Self Employed person documents

  • KYC of applicant & Co-Applicant
  • Last 3 year ITR with computation of income of applicant & co-applicant
  • Last 3 year audited balance sheet of applicant
  • Last 3 year Tax audit report of applicant
  • Last 12 month Bank Statement of applicant & co-applicant
  • 26AS of last 2 year of applicant & co-applicant
  • Copy of GST registration
  • Copy of MSME registration
  • Copy of Last 12 month GST return
  • Agreement to Sale if purchase case
  • Property Paper with complete chain of last 13 years
  • LOD (List of documents), Foreclosure Statement & SOA (Statement of account) if BT case
  • Sanction letter of all running loan
  • Debt Sheet
  • Latest utility Bill of residence if owned or rent agreement if rented
  • Latest utility Bill of Office if owned or rent agreement if rented
  • 2 Reference with contact details
  • Last 3 year Debtors & Creditors on letter head
  • List of Directors & Shareholders, if applicant if Company or List of Partners if applicant is Partnership firm/LLP

Some Important Points

1. KYC Means
If Applicant is
  • Company-MOA, AOA, COI , PAN Card
  • Partnership Firm/LLP- Partnership Deed & PAN Card
  • Proprietorship Firm- PAN Card, Adhaar Card, Passport size photo
For Co-Applicant
  • KYC means  Adhaar Card, PAN Card, Passport Size Photo

Co-Applicant means in case of
  • Company : Directors
  • Partnership firm/LLP : Partners
  • Proprietorship Firm : Spouse of Proprietor
2. If LAP is applied with Government Bank then 30 year chain is required
3. If applicant is professional, then his professional degree is required
Share & Apply

About Cholamandalam Loan Against Property

You can take out funds through Cholamandalam Finance's loan against property services if you own residential, commercial, or industrial property. The amount of the loan you qualify for is determined by the valuation of the property as well as other elements, including your income, ability to repay the loan, and credit history.

For loans valued up to Rs 5 crore, Cholamandalam provides a loan against property at 10.50% p.a. onwards. The NBFC provides loans to self-employed individuals against their property for a variety of activities like growing or expanding their business and buying or updating plants and machinery. Loans are processed within 5-7 days after loan approval through a fast-track process.

Work Process

Save Your Time with a Simple Loan Process

01
Visit Our Website

For the first step, you will have to visit our website to explore the loan options that fit your needs.

02
Select and Apply

Once you shortlist the loan you have been looking for, apply for it, and proceed with the further process.

03
Submit Your Document

One of the most important steps. Now you will have to submit all the required documents digitally.

04
Enjoy Your Financial Freedom!

Once your application is approved based on your eligibility, you will receive your loan amount shortly.

Let us take an example, How EMI is being calculated

YearPrincipal
(A)		Interest
(B)		Total Payment
(A + B)		BalanceLoan Paid To Date
2022₹ 83,031₹ 38,627₹ 1,21,658₹ 9,16,9698.30%
Jul₹ 13,610₹ 6,667₹ 20,276₹ 9,86,3901.36%
Aug₹ 13,700₹ 6,576₹ 20,276₹ 9,72,6902.73%
Sep₹ 13,792₹ 6,485₹ 20,276₹ 9,58,8984.11%
Oct₹ 13,884₹ 6,393₹ 20,276₹ 9,45,0145.50%
Nov₹ 13,976₹ 6,300₹ 20,276₹ 9,31,0386.90%
Dec₹ 14,069₹ 6,207₹ 20,276₹ 9,16,9698.30%
2023₹ 1,76,332₹ 66,985₹ 2,43,317₹ 7,40,63725.94%
Jan₹ 14,163₹ 6,113₹ 20,276₹ 9,02,8059.72%
Feb₹ 14,258₹ 6,019₹ 20,276₹ 8,88,54811.15%
Mar₹ 14,353₹ 5,924₹ 20,276₹ 8,74,19512.58%
Apr₹ 14,448₹ 5,828₹ 20,276₹ 8,59,74614.03%
May₹ 14,545₹ 5,732₹ 20,276₹ 8,45,20215.48%
Jun₹ 14,642₹ 5,635₹ 20,276₹ 8,30,56016.94%
Jul₹ 14,739₹ 5,537₹ 20,276₹ 8,15,82118.42%
Aug₹ 14,838₹ 5,439₹ 20,276₹ 8,00,98319.90%
Sep₹ 14,937₹ 5,340₹ 20,276₹ 7,86,04621.40%
Oct₹ 15,036₹ 5,240₹ 20,276₹ 7,71,01022.90%
Nov₹ 15,136₹ 5,140₹ 20,276₹ 7,55,87424.41%
Dec₹ 15,237₹ 5,039₹ 20,276₹ 7,40,63725.94%
2024₹ 1,90,967₹ 52,350₹ 2,43,317₹ 5,49,67045.03%
Jan₹ 15,339₹ 4,938₹ 20,276₹ 7,25,29827.47%
Feb₹ 15,441₹ 4,835₹ 20,276₹ 7,09,85729.01%
Mar₹ 15,544₹ 4,732₹ 20,276₹ 6,94,31330.57%
Apr₹ 15,648₹ 4,629₹ 20,276₹ 6,78,66532.13%
May₹ 15,752₹ 4,524₹ 20,276₹ 6,62,91333.71%
Jun₹ 15,857₹ 4,419₹ 20,276₹ 6,47,05635.29%
Jul₹ 15,963₹ 4,314₹ 20,276₹ 6,31,09436.89%
Aug₹ 16,069₹ 4,207₹ 20,276₹ 6,15,02538.50%
Sep₹ 16,176₹ 4,100₹ 20,276₹ 5,98,84840.12%
Oct₹ 16,284₹ 3,992₹ 20,276₹ 5,82,56441.74%
Nov₹ 16,393₹ 3,884₹ 20,276₹ 5,66,17243.38%
Dec₹ 16,502₹ 3,774₹ 20,276₹ 5,49,67045.03%
2025₹ 2,06,817₹ 36,499₹ 2,43,317₹ 3,42,85265.71%
Jan₹ 16,612₹ 3,664₹ 20,276₹ 5,33,05846.69%
Feb₹ 16,723₹ 3,554₹ 20,276₹ 5,16,33548.37%
Mar₹ 16,834₹ 3,442₹ 20,276₹ 4,99,50150.05%
Apr₹ 16,946₹ 3,330₹ 20,276₹ 4,82,55551.74%
May₹ 17,059₹ 3,217₹ 20,276₹ 4,65,49553.45%
Jun₹ 17,173₹ 3,103₹ 20,276₹ 4,48,32255.17%
Jul₹ 17,288₹ 2,989₹ 20,276₹ 4,31,03556.90%
Aug₹ 17,403₹ 2,874₹ 20,276₹ 4,13,63258.64%
Sep₹ 17,519₹ 2,758₹ 20,276₹ 3,96,11360.39%
Oct₹ 17,636₹ 2,641₹ 20,276₹ 3,78,47762.15%
Nov₹ 17,753₹ 2,523₹ 20,276₹ 3,60,72463.93%
Dec₹ 17,872₹ 2,405₹ 20,276₹ 3,42,85265.71%
2026₹ 2,23,983₹ 19,334₹ 2,43,317₹ 1,18,86988.11%
Jan₹ 17,991₹ 2,286₹ 20,276₹ 3,24,86267.51%
Feb₹ 18,111₹ 2,166₹ 20,276₹ 3,06,75169.32%
Mar₹ 18,231₹ 2,045₹ 20,276₹ 2,88,52071.15%
Apr₹ 18,353₹ 1,923₹ 20,276₹ 2,70,16772.98%
May₹ 18,475₹ 1,801₹ 20,276₹ 2,51,69174.83%
Jun₹ 18,598₹ 1,678₹ 20,276₹ 2,33,09376.69%
Jul₹ 18,722₹ 1,554₹ 20,276₹ 2,14,37178.56%
Aug₹ 18,847₹ 1,429₹ 20,276₹ 1,95,52380.45%
Sep₹ 18,973₹ 1,303₹ 20,276₹ 1,76,55082.34%
Oct₹ 19,099₹ 1,177₹ 20,276₹ 1,57,45184.25%
Nov₹ 19,227₹ 1,050₹ 20,276₹ 1,38,22486.18%
Dec₹ 19,355₹ 921₹ 20,276₹ 1,18,86988.11%
2027₹ 1,18,869₹ 2,789₹ 1,21,658₹ 0100.00%
Jan₹ 19,484₹ 792₹ 20,276₹ 99,38590.06%
Feb₹ 19,614₹ 663₹ 20,276₹ 79,77292.02%
Mar₹ 19,745₹ 532₹ 20,276₹ 60,02794.00%
Apr₹ 19,876₹ 400₹ 20,276₹ 40,15195.98%
May₹ 20,009₹ 268₹ 20,276₹ 20,14297.99%
Jun₹ 20,142₹ 134₹ 20,276₹ 0100.00%