Cholamandalam Finance is offering up to 3 lakhs turbo loan. You will get the loan through a digital process. The interest rate is 15% to 21% per annum. The loan repayment tenure is 3 years.
Cholamandalam Turbo Loan provides instant loan disbursement on the same day. No guarantor will require to apply for a loan.
Cholamandalam Turbo Loan Quick Recap
| Loan Amount | Rs.1 lakh to Rs. 3 lakh |
| Interest Rate | 15% – 21% p.a. |
| Repayment Tenure | 1 year to 3 year |
| Income Proof | Required |
| Apply Process | Digital |
| Processing Charge | Up to 3% |
| Pre-closure Charges | 4% of the due amount |
Features & Benefits of Cholamandalam Turbo Loan
Digital Approval: Turbo loan is a digital loan process by Cholamandalam finance. You can apply online.
No Guarantor Required: Does not require a guarantor to apply for a loan.
Instant Disburse: You don’t have to wait for a long time. Chola finance provides a fast disbursement process on the same day.
Paperless Process: The process is 100% paperless. Upload all the documents at the loan application time.
Lower Interest Rate: Chola finance is offering a 15% to 21% interest rate per annum.
Flexible Tenure: The loan repayment tenure is flexible. Choose the loan repayment tenure from 1 to 3 years.
Also Read: 7 tips to improve personal loan eligbility
Turbo Loan Interest Rates, Fees & Charges
| Interest Rate | 15% – 21% p.a. |
| Processing Fees | 3% of the loan amount |
| Loan Tenure | 12 months to 36 months |
| Foreclose charge | 4% of the due amount |
Eligibility Criteria for Cholamandalam Turbo Loan
- The age should be 21 to 60 years
- Required source of income (Salaried person, Self-employed)
- Good CIBIL Score required (730)
Also Read: Need 2 lakh loan without income proof?
Documents Required for Turbo Loan
You should require the following documents to apply for a Chola Turbo loan:
- Applicant Pan Card
- Aadhaar Card
- Recent 6 month’s bank statement
- Residential proof (Electricity bill, Water bill, Gas bill)
How to Apply for Cholamandalam Turbo Loan
Step 1: Click the “Cholamandalam Turbo Loan” button to apply
Step 2: Fill up the details form.
Step 3: Mention phone number & active Email ID.
Step 4: Bank will contact you through phone & email.
Also, you can visit the nearest branch to apply for Cholamandalam Turbo Loan.
Also Read: Hero Fincorp Personal Loan
Cholamandalam Turbo Loan Customer Care
Contact Cholamandalam Turbo loan for any queries:
| Customer Care Number | 1800-102-4565 (Working days at 9 am to 7 pm) |
| Official Email ID | [email protected] |
| SMS | 9500000312 |
Within 24 hours, customer care will solve your problem.
FAQs on Cholamandalam Turbo Loan
How much loan is Cholamandalam offering?
Cholamandalam is offering up to 3 lakhs turbo loan.
What is the age required to apply for Cholamandalam Turbo Loan?
The minimum age is 21 years & maximum age is 60 years required to apply.
How much CIBIL Score is required to apply?
A minimum 730 CIBIL score is required to apply for Chola Turbo Loan.
How to contact Chola customer care?
Contact Cholamandalam customer care through this number 9500000312 or you can contact through email id [email protected].
Can I apply for a loan without income proof?
To apply for a turbo loan, a source of income is required.
Business lon required
Pls, contact on our whatsapp number.