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    • TurboLoan cholamandalam personal loan

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    • TurboLoan powered by Chola is a personal loan from Chola and BankBazaar that is completely digital and paperless. With low interest rates that start at 15% p.a. onwards, you can avail a loan of up to Rs.3 lakh with a repayment tenure that ranges from one year to three years, without any personal guarantor required. The same-day disbursement and instant e-approval means that you can get the funds you need at just the right time without any delay.
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    We found 1 Chola Personal Loan
    Bank Name
    Interest Rate Range
    Processing Fee Range
    Loan Amount
    Tenure Range
    PA PL OTP
    15.00% - 21.00% Fixed
    3.00% One time fee
    Rs.1L - Rs.3L
    Up to 3 Years
    Apply Now
    100% PAPERLESS APPROVAL
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    Good to Know
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    Features of the TurboLoan powered by Chola

    Here are some of the important features of the TurboLoan:

    • No guarantor required
    • No collateral required
    • Same day disbursement
    • Low interest rate
    • Instant E-approval
    • Paperless process
    • Nil documentation

    TurboLoan Details

    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
    Guarantor Requirement None
    Collateral Requirement None

    Eligibility Criteria for TurboLoan powered by Chola

    The eligibility criteria for the TurboLoan are as given below:

    Age limit 21 – 60 years
    Type of Employment Salaried
    Self-Employed
    Retired Personnel
    Credit Score A good credit score

    TurboLoan EMI Calculation

    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.

    TurboLoan Customer Care Number

    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 address customercarecsel@chola.murugappa.com
    SMS 9500000312

    Chola Grievance Officer:

    Name: Mr. Krishnakumar K.P

    Contact Number: 044 - 40906114

    Email: principalnodalofficer@chola.murugappa.com

    FAQs on TurboLoan

    1. Do I need to submit any documentation for the Turbo Loan from Chola & BankBazaar?

      2. No, there is no need for any documentation to avail the Turbo Loan from Chola & BankBazaar.

    2. Will I be eligible for the Turbo Loan from Chola & BankBazaar if I don't have a guarantor?

      3. Yes, you will be eligible for the Turbo Loan because there is no requirement for a guarantor.

    3. What is the minimum age to be eligible for the Chola & BankBazaar Turbo Loan?

      4. The minimum age to be eligible for the Chola & BankBazaar Turbo Loan is 21 years of age.

    4. Till what age can I apply for the TurboLoan from Chola & BankBazaar?

      5. The maximum age on completion of the loan should be 60 years.

    5. Are partial prepayments allowed on the TurboLoan from Chola & BankBazaar?

      6. No, partial prepayments are not allowed on the TurboLoan.

    6. Is foreclosure allowed on the TurboLoan from Chola & BankBazaar?

      7. 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.

    News About Cholamandalam Finance Loan

    • Cholamandalam Investment & Finance Company Limited introduces three new divisions for new consumer and SME segment

      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.

      January 2022

        

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