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Here are some of the important features of the TurboLoan:
Here are the details of the TurboLoan Personal Loan:
|Interest Rate||15% - 21% p.a.|
|Processing Fees||3% of the loan amount plus applicable taxes|
|Loan Tenure||Up to 36 months|
The eligibility criteria for the TurboLoan are as given below:
|Age limit||21 – 60 years|
|Type of Employment||
|Credit Score||A good credit score|
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.
You can get in touch with Cholamandalam Finance for any questions or support regarding your TurboLoan personal loan through any of the following ways:
|Customer Care Toll-Free Helpline / Customer Grievance||1800-102-4565 (available from 9 am to 7 pm)|
|Customer care email firstname.lastname@example.org|
Name: Mr. Krishnakumar K.P
Contact Number: 044 - 40906114
No, there is no need for any documentation to avail the Turbo Loan from Chola & BankBazaar.
Yes, you will be eligible for the Turbo Loan because there is no requirement for a guarantor.
The minimum age to be eligible for the Chola & BankBazaar Turbo Loan is 21 years of age.
The maximum age on completion of the loan should be 60 years.
No, partial prepayments are not allowed on the TurboLoan.
Yes, foreclosure is allowed on the TurboLoan with applicable foreclosure charges as decided by the bank.
A GST rate of 18% will be applicable on banking services and products from 01 July, 2017.
Cholamandam Investment & Finance Company Limited has announced the launch of three new business segments in the SME (Small Enterprise) and consumer spaces. The three divisions include Consumer & Small Enterprise Loan (CSEL), SME Loan (SME) and Secured Business and Personal Loan (SBPL).
Cholmandalam has also partnered with three leading Fintech companies – Kreditbee, Bankbazaar, and Paytail. The company aims to increase financial inclusion through these partnerships, particularly among customers who are economically engaged but lack enough access to formal credit.
The Consumer and Small Enterprise Loan (CSEL) segment aims to focus on personal, professional, and micro and small enterprise loans. The Secured Business and Personal Loan (SBPL) segment will provide loans to self-employed personnel with the help of traditional channels. These loans will help many small businesses to continue their daily operations.
The SME loan vertical aims to focus on working capital finance, term loan, supply chain finance, and equipment finance through digital and traditional partnership channels.
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