Cholamandalam HFL Home Loan

Experience hassle-free loan processing with Cholamandalam HFL. Less paperwork and faster approval. Apply online now.

Highlights

  • Rate of interest
    10.0% - 12.0% p.a.
  • Tenure
    10 - 30 years
  • Processing fee
    Upto 1%+GST
  • Loan amount
    Rs.5 lakh - Rs.50 lakh
  • Prepayment Charges
    Nil
  • Foreclosure Charges
    Nil

Are you eligible?

You should meet the following criteria to apply for this loan:
  • Resident type: Indian
  • Applicant's age: 21 - 60 years
  • Min. monthly income for primary applicant: Rs 15,000
  • Min. monthly income for co-applicant: Rs 10,000

Key features of Cholamandalam HFL Home Loan

  • Low interest rates starting from 10.00% p.a.
  • Less paperwork, faster processing
  • Low processing fee
  • Zero prepayment penalty or hidden costs
  • Easy home loan balance transfer

Tentative list of documents required for Home Loan

Mandatory documents(To be submitted by all applicants)
  • Completed loan application
  • Three passport size photographs
  • Identity proof: Driving License/ Passport/ Voter ID/ Aadhar Card and PAN Card (if loan size is more than Rs 10 Lakhs)
  • Address proof: Driving License/ Aadhar Card/ Voter ID/ Passport/ Registered Rent Agreement
  • Other documents to be submitted as per your profile
For salaried individuals
  • Appointment letter
  • Salary slip for the last 3 months
  • Credit statement for the last 1 year
  • Employee ID
  • Property documents
  • Asset creation proof - last 4 years
For self-employed individuals
  • Business proof such as VAT/Service tax registration, business incorporation details, business address proof
  • Balance sheet and P&L statements certified by CA
  • Copy of partnership deed (if applicable) and proof of business existence and business profile
  • Property documents: Past title chain, Conveyance deed, sales deed, allotment letter, possession letter, latest property tax receipt, copy of approved plan for construction

Home Loan Calculator*

All you need to know about your home loan

  • EMI Calculator
  • Loan Eligibility Calculator
  • Balance Transfer
  • Prepayment
  • Rate Change
  • Monthly Loan Repayment
How much will I have to pay every month?
Loan Amount
Tenure
Rate of Interest
Your EMI Per Month will be
33,038

Disclaimer: The information available on this site has been gathered from publicly available sources and is accurate to the best of our knowledge. However, please be aware that the rates and other offers may vary based on your profile and may be subject to change without notice. Therefore, we advise you to verify the information before applying for any loan through this website. Magicbricks accepts no liability for any loss arising from the use of the information on this website. Refer T&C for the detail.
(T&C link: https://property.magicbricks.com/terms/terms.html)

**This service is available in select cities only.

*These calculators are only for illustrative purposes. These figures may or may not be applicable to your particular situation. Magicbricks will not be responsible for any loss or liability arising from the use of these calculators.