Self Construction Home Loans - Affordable Interest Rate at Chola

Self-Construction Home Loans

Chola Home Loans provides exclusive financing for self-construction. The loans are specially provided for individuals who wish to construct their home from scratch on a piece of land owned by the individual. The loan covers all types of home construction-related expenses. The loan is released to the borrower during various stages of the construction process.

Self Construction Loans Key Highlights

Competitive Interest Rates
Quick Approval Process

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.