Chola One Instant Personal loan app

Chola One Instant Personal loan app

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Chola One Instant Personal loan app

Chola One Instant Personal loan app


Loan App to get personal loans by Cholamandalam Finance at low-interest rates

Chola One – Instant Personal Loan App

Chola One is an instant personal loan app from Cholamandalam Investment and Finance Company Limited. You can apply for instant personal loans ranging up to ₹ 3 Lakhs, and our APR ranges from 14.5% to 45%*. The loan process is 100% online with No Paper Work and Quick Disbursal.
For a loan up to ₹ 3 Lakhs, Chola One app offers:
1. Online Personal Loans up to ₹ 3 Lakhs
2. Interest Rate: Starting from 14% – 36% p.a*
3. Processing fee: 4% – 6%
4. Loan Tenure: 3 to 36 Months
5. Quick Sanction & Easy EMIs

Features of Chola One Personal Loan App

Instant Approval – Get your personal loan approved quickly & easily
Flexible EMIs – Repayment options ranging from 3 to 36 months
No Paperwork – 100% Online Process
Convenience – Get access to a personal loan from anywhere, at any time. Immediate Bank Transfer in just 15 minutes

Which professionals are eligible for a loan with Chola One?
Personal Loan for Salaried – Avail fast personal loans up to Rs. 3,00,000/- with flexible repayment tenures. All you need to do is apply online using your Pan card, Aadhaar, and bank statements.

Personal Loan for Professionals – For Doctors, CAs, CMAs & CS, we offer personal loan up to Rs. 3,00,000/- with flexible repayment options. Apply online with PAN, Aadhar, Bank Statements & respective qualification/registration proofs.

Personal Loan for Self Employed – For Sole-proprietor business owners, we offer personal loan up to Rs. 3,00,000/- with flexible repayment options. Apply online with your PAN, Aadhar, Bank statements & business proof (GST/Shop & Establishment/FDA/IEC/FSSAI/ITR)

List of Documents required for availing Personal Loan
PAN card
Aadhaar card
Business/Qualification/registration proofs*

Personal Loan Eligibility:

Should not be an NRI or OCI
Existing Chola customers: 21yrs to 65yrs
New to Chola customers: 21yrs to 58yrs
Minimum household income: Rs. 3,00,000 p.a

How to apply for Personal Loan from Chola One App in 5 simple steps?

1. Download Chola One app
2. Verify phone number via OTP
3. Fill your personal details
4. Complete your KYC
5. Confirm your bank details, set auto-pay & get disbursement in your bank account instantly

Post KYC completion,

1. You will receive an instant notification about your eligibility and amount of personal loan you are eligible for
2. Your loan will be immediately approved if your documents pass all verification procedures
3. Your loan funds will be directly deposited into your bank account within 15 minutes*

*Provide bank statements, and employment proofs for higher ticket personal loan as required
Detailed Break-up of cost for personal loan*:
Loan Amount – Rs. 1,00,000
Tenure – 6 months
Interest Rate – 14% (on reducing principal balance interest calculation)
EMI – Rs. 17,354
Total Interest Payable – Rs. 17,354 x 6 months – Rs. 1,00,000 (Principal) = Rs. 4,123
Processing Fees (incl. GST) – Rs. 4,720
Stamping Fees* (incl. GST) – Rs. 20
Disbursed Amount – Rs. 1,00,000 – Rs. 4,720 – Rs. 20= Rs. 95,260
Total Amount Payable – Rs. 17,354 x 6 months = Rs. 1,04,123
Total Cost of the Loan = Total interest payable + Processing Fees + Stamping Fees = Rs. 4,123 + Rs. 4,720 + Rs. 20= Rs. 8,863
* Applicable as per respective state
* Note: Above numbers are for representation purposes only. Interest rates & APR will vary depending on the customer’s profile

About Cholamandalam:

Cholamandalam Investment and Finance Company Limited (Chola), was incorporated in 1978 as the financial services arm of the Murugappa Group. Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock broking, and a variety of other financial services to customers.
Contact us:
Email id:
Customer Care (Toll Free)–1800-102-4565
*Terms and Conditions Apply


Go To Play Store and Search (Chola One)  To Apply

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