Personal & Business Loans
If you are looking for an unsecured business or personal loan, you have come to the right place. Chola Consumer and Small Enterprise Loans (CSEL) presents you a wide range of loan products without asking for a collateral security for your loan.
Chola's business and personal loans support budding entrepreneurs and aspiring professionals to achieve their goals
Our Loan Offerings
Features & Benefits
Collateral-free personal, business & professional loans
Instant loan processing
Convenient loan repayment options
Presence in 800+ locations across the country
Paperless digital process
Attractive interest rates
Quick Financial Support
Frequently Asked Questions
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What is CSEL Loan?
Consumer & Small Enterprise Loans (CSEL) is a division of Chola that offers collateral-free Personal, Professional and Business loans.
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Who can benefit from CSEL?
Salaried Individuals, Self-employed Professionals and Business Owners.
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What is the interest rate?
Our interest rates are competitive as per market standards.
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What is the maximum loan amount for CSEL?
We offer unsecured loans up to Rs. 35 Lakh.
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What is the maximum tenure?
The maximum tenure is 60 months.
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Is external guarantor needed to get a loan?
No external guarantor is required.
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What is the expected time frame for loan disbursal?
Our quick and easy process guarantees loan disbursal within 24 to 48 hours of approval.
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Which professionals can avail CSEL loan?
- Doctors (MBBS, BMS and above)
- Chartered Accountants
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Is collateral required to avail a loan?
No collateral is required to avail Consumer and Small Enterprise Loans.
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What are the documents required to avail a loan?
• Proof of identity • Address proof • Proof of income • Proof of business (applicable only for self-employed)
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Why should I choose Chola CSEL Loans?
• Hassle-free unsecured loans • Guarantee of a trusted lender • Attractive interest rates • Excellent customer service
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How to apply for a loan?
- Apply online through our website www.cholamandalam.com (or) - Visit your nearest Cholamandalam Finance branch to apply offline.
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How do I get my loan-related queries resolved?
Call our customer grievance redressal toll-free number 1800-102-4565.
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What are the penal charges for my Chola/Samsung Consumer Durable Loan?
Fee Type Till 7th Feb, 2024* Till 5th Aug, 2024* W.e.f 6th Aug, 2024* Penalty Charges (EMI Late Payment Charges) Rs. 450/- Rs. 590/- Rs. 649/- *Effective date of bounce/ delayed payments
Only penalty charges will be levied once a month for all defaulted customers
Customers can contact the Chola Finance Helpline 1800 102 4565 or samsungcare@chola.murugappa.com for any queries.
