What Cholamandalam Investment & Finance asks for on personal, home, business, vehicle loans - age, income, credit score, amounts, rates and documents - read from its own pages and labelled by how sure we are. Last verified 2 November 2026.
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How Cholamandalam Investment & Finance tends to lend (our read): Murugappa-group NBFC (1,761 branches) serving middle and lower-middle-income families in rural, semi-urban and urban markets: collateral-free consumer and small-enterprise loans up to Rs 35 lakh, home loans capped at Rs 40 lakh, and a secured SME book above that. Lends in: Metro, Tier 2, Tier 3 / other locations.
Cholamandalam Investment & Finance Personal Loan Eligibility
Official
According to Cholamandalam Investment & Finance's own website. See the source card.
Age
23 to 65 years (age when the loan ends)
Minimum income
₹15,000 net per month; self-employed: ₹1,80,000 a year
Credit score
750+ preferredOur working estimate - the lender does not publish a floor
Proof of business (GST, ITR, IEC or FSSAI) for self-employed applicants
Research notes
Chola Consumer & Small Enterprise Loans (CSEL): collateral-free personal, professional and business loans for salaried individuals, self-employed professionals (doctors MBBS/BMS and above, chartered accountants) and business owners, up to Rs 35 lakh over up to 60 months with no external guarantor. The digital Chola One personal loan is the small-ticket variant: Indian citizens aged 23 to 65 (the FAQ says 55 for new customers, 65 for existing ones), minimum salary Rs 15,000, up to Rs 5 lakh, eligibility driven by the CIBIL score, PAN + Aadhaar + 6 months' bank statement and an Aadhaar-linked mobile. Age and income floor here come from Chola One; the CSEL page publishes no age, income, score, minimum ticket or rate - nominal minimum and the personal rate card used. Charges: processing 2%, document fee Rs 1,800, foreclosure 4% of outstanding principal.
KYC (Aadhaar, PAN, passport, voter ID or driving licence)
Salaried: proof of income, last 3 months' pay slips, Form 16, bank statements, details of all live loans
Self-employed: proof of business, proof of income, last 6 months' bank statements, details of running loans
Property documents
Research notes
Chola Home Loan: Rs 3 lakh to Rs 40 lakh, salaried, self-employed professionals and non-professionals with a steady income, aged 21 at the start and 65 at the end of the loan (or superannuation), floating rate, tenure up to 20 years on the product page (the FAQ says 5 to 30 years - the product page governs the cap here). Purchase, construction, extension, balance transfer, mixed-use and shop loans. Income floor, score, LTV and rate not published - nominal floor, RBI bands and the home rate card used.
Proof of business (self-employed / business owners)
Research notes
INFERRED gates. Modelled on Chola's collateral-free CSEL business loan for business owners: up to Rs 35 lakh over up to 60 months, no collateral or external guarantor, identity / address / income / business proof - the page publishes no age, income, vintage, turnover or score, so the gates here are NBFC estimates (and the SME loan's 25 to 65 age rule is deliberately not borrowed). The separate secured SME loan is for retailers, wholesalers, manufacturers, distributors and service providers aged 25 to 65 with profit in each of the last 3 financial years, Rs 10 lakh to Rs 5 crore (Rs 20 crore on the secured term-loan card), 2 years of financials and ITR, 6 months of bank statements and GST returns, property or equipment collateral, fixed or floating rate, no pre-closure charge.
By ClearToLend's estimate (not a rule Cholamandalam Investment & Finance publishes). See the source card.
Vehicles financed
New car, used car, two wheeler, three wheeler, commercial
Funding (LTV)
up to 100% of the price (two wheeler); up to 100% of the price (commercial)
Research notes
Chola's vehicle-finance pages cover new and used cars (plus refinance and top-up), two-wheelers (up to 100% of the bike's value), new three-wheelers, new commercial vehicles for transport businesses (LCV to MHCV, up to 100% funding, up to 84 months), tractors and construction equipment. No age, income, vintage, score, amount or car tenure is published on any of them, so the block is inferred and engine defaults apply.
ClearToLend is not affiliated with or endorsed by Cholamandalam Investment & Finance. Criteria are taken from public sources as of 2 November 2026 and can change; confirm the current terms with Cholamandalam Investment & Finance before you apply. A match is not a loan offer or approval.
Cholamandalam Investment & Finance Loan FAQs
The minimum net monthly income is ₹15,000, according to Cholamandalam Investment & Finance's own website, as checked on 2 November 2026. Lenders can ask for more depending on your city, employer and existing EMIs.
You need to be at least 23 and no older than 65 when the loan ends, according to Cholamandalam Investment & Finance's own website.
The minimum net monthly income is ₹10,000, according to Cholamandalam Investment & Finance's own website, as checked on 2 November 2026. Lenders can ask for more depending on your city, employer and existing EMIs.
You need to be at least 21 and no older than 65 when the loan ends, according to Cholamandalam Investment & Finance's own website.
You need to be at least 21 and no older than 65 when the loan ends, by ClearToLend's estimate (not a rule Cholamandalam Investment & Finance publishes).
No. ClearToLend compares your details with Cholamandalam Investment & Finance's published criteria without pulling your credit report, so nothing is recorded on your CIBIL file. ClearToLend is not affiliated with Cholamandalam Investment & Finance and does not send your details to it.
