Residential Home Loan, Commercial Loan - Affordable Interest Rate at Chola

Mixed-Use Loan (Residential cum Commercial)

Chola offers mixed-use home loans to purchase property that can be used for residential and commercial purposes. A typical example of a mixed-use property is an independent house with a shop at the front portion. Mixed-use property can be profitable for owners as it can be used for commercial purposes and generate income that contributes to paying the EMI.

Self Construction Loans Key Highlights

Competitive Interest Rates
Quick Approval Process
Easy EMI

What is a Home Loan?

A home loan is a financing option that financial institutions provide to individuals, especially when purchasing a property.
What are the different types of home loans?
Chola offers the following types of home loans
- Self-Construction Loans
- Purchase of New or Resale Flat/Independent House
- Mixed-Use Loan (Residential/Commercial)
- Home-Extension Loans
- Balance Transfer and Top-Up
- Shop Loan
- Affordable LAP
How can I apply for a Chola Home Loan?
- Visit www.cholamandalam.com/get-home-loans
- Contact our customer care:
- Toll-Free: 1800-102-4565
- SMS: 9500000312
- Download the Chola One app.
What is the maximum repayment period for a home loan?

Home loans typically have a maximum tenure of up to 20 years.
Who could be a co-applicant for a home loan?

You can add your spouse, parents, or 21-year-old children as your co-applicant and apply for a joint home loan.
What is a home loan balance transfer?

Transferring your existing home loan from another financier to Chola is a home loan balance transfer.
Who is eligible for a top-up loan?
- Existing customers who have made timely repayment
- Customer who has opted for a balance transfer from other financiers to Chola
What is a floating rate of interest?

A floating interest rate fluctuates or changes along with market conditions.