Chola
Personal Loan

Applicant Type

-Salaried individuals with steady income, employed in reputed firms.
-Self-employed individuals typically need to explore business loan options.

Employment

Minimum 2 years of total work experience with 1 year in current company.

Age Limit

23 – 65 years (at loan maturity)

Minimum Income

Minimum ₹20,000 per month (varies by city & profile)

Loan Amount

up to ₹5 lakh; Term Loan: up to ₹35 lakh

Credit Score

A good CIBIL score (700+) is preferred for quick approval

USP

No collateral or guarantor required

Documents Required

  1. Identity Proof: Aadhaar, PAN.

  2. Employer Details / Professional Registration / Business Proof: Depending on applicant type.

  3. Bank Account Details: For disbursal and validation.