Collateral based loans for Small Business

India has a sizeable segment of micro-enterprises that lack access to formal sources of credit and are funded majorly by unorganized sources such as chit funds, local money lenders and even family and friends. Considering this opportunity, Chola has launched the Secured Business Personal Loans (SBPL) vertical to better enable this segment of customers. The offerings by Secured Business Personal Loans (SBPL) are best suited for self-employed, non-professionals in the businesses of trading, manufacturing and services i.e. businesses with regular cash flows that need funds for day-to-day operations and business improvements.

Our Offerings

  • Secured loans with self-occupied residential property or residential-cum-commercial property as collateral
  • Loan offering of up to ₹ 15 lakh with maximum tenure of 10 years
  • Range of product schemes that assess credit eligibility on the basis of cashflow, ITR, assets created or average bank balance

Features & Benefits

Collateral based Business & Personal Loans Collateral based Business & Personal Loans
Personalised Doorstep Service Personalised Doorstep Service
Transparent and Easy Process Transparent and Easy Process

Quick Financial Support

Collateral based loans for Small Business

EMI Calculator calculate_emi
Apply for Collateral based loans for Small Business apply_loan

Frequently Asked Questions

  • What is SBPL Loan?

    Secured Business & Personal Loans (SBPL) is an exclusive loan product of Chola launched to fund micro-enterprises and salaried individuals. Self-employed non-professionals and small business owners can avail secured business loan and salaried individuals can avail secured personal loans.

  • How can I avail SBPL Loan?

    SBPL Loan can be availed against self-occupied property.

  • What is the maximum loan amount and tenure for secured personal loan?

    Maximum loan amount is 5 Lakh and maximum tenure is 7 years.

  • Is collateral required to avail a loan?

    Yes, immovable property as a collateral is mandatory to avail secured business and personal loans.

  • Who can avail secured business loan?

    Secured Business Loan is offered to grocery shops, tea shops, hotels, vegetable shops, milk dairy, bakery, medical shops, tailor shops, two-wheeler workshops, electrical shops and handloom weavers, etc.

  • Secured personal loans are granted for what reasons?

    Secured Personal Loan can be availed for refurbishment or renovation of home, marriage or function, education, medical expenses, travel expenses, high-cost debt consolidation and any other personal use.

  • 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)

  • Why should I choose Chola SBPL Loans?

    Key Benefits

    • Quick & Easy loans to self-employed and non-professionals who lack access to formal sources of credit.
    • Competitive interest rates
    • Convenient repayment options
    • PAN India presence to provide better assistance to customers

  • How to apply for a loan?

    Online

    Offline
    • Visit your nearest Cholamandalam Finance branch and apply through offline mode.

  • How do I get my loan-related queries resolved?

    Call our customer grievance redressal toll-free number 1800-102-4565.

Our Products