What is the home loan interest rate of Cholamandalam

When I enquired about the Cholamandalam Home Loan interest rate from a bank official, I learned that it remains between 9% and 20%. This may however vary based on the applicant’s credit score, loan amount, loan tenure, and other factors. It thus cannot be mentioned with surety. I will therefore suggest you discuss it before applying for a Cholamandalam home loan.

What is the Cholamandalam Finance Home Loan Interest Rate?

As I said, the Cholamandalam home loan rate of interest can be anywhere between 9% to 20% of the loan amount, and you need to enquire about it before applying for a home loan here. The documents that you need to furnish while applying for a home loan here are:

• Address proof

• Identity proof

• Bank account statements

• Salary slips

• Business ownership documents (if you are self-employed) and others

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website and learn about the Cholamandalam Housing Loan interest rate, required documents, eligibility, and other aspects.

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Home loans are offered by Cholamandalam Investment and Finance Company Limited to both high-end clients and clients with modest incomes starting at 9% p.a. They provide you with a home loan for self-built homes, buying apartments, and the balance transfer of existing debt. Let me tell you more about the Cholamandalam home loan interest rate.

What is Cholamandalam home loan rate of interest?

The following table will guide you about the Chola home loan interest rate:

What is the home loan interest rate of Cholamandalam must be clear to you now.

What are the criteria for a Cholamandalam home loan?

Cholamandalam has a list of requirements for home loans that you must meet in order to apply for the loan. The following elements have a significant impact:

• Age range: 21 to 65

• Income requirement: Rs. 15,000

• Amount of Loan: Rs.10 lacks to Rs.5 crores

• The Minimum number of years in operation: 2 

• 2 years of minimum work experience.

• A minimum of 650 is required for credit.

• 70 percent maximum loan-to-value ratio FOIR (fixed obligations to income ratio): 1.00

What documents are required for the application?

• Completely filled out a loan application.

• 3 passport-size photos.

• Proof of identities such as driver's licence, passport, voter identification card, aadhar card, and PAN card (if loan size is more than Rs 10 Lakhs)

• Proof of address: Driver's licence, Aadhar card, voter identification, passport, and registered lease.

• Additional paperwork must be presented as per your profile.

What Cholamandalam home loan program is best for you?

Cholamandalam helps you in completing your goal of buying a home by advising you on the best financing to choose from the following.

Cholamandalam provides:

• Loans for self-built homes.

• Loans for buying parcels of land.

• Home loans for properties that are ready to move into.

• Balance transfer of an outstanding loan debt

Cholamandalam home loan interest rate must be clear to you now.