cholamandalam-lap

• Age – For Salaried - 21-60 years. / For Self-employed – 21-60 years.
• Credit score: 650 or above.
• Employment Type: Salaried/Self-employed
• Minimum net income (monthly): Rs 25,000
• Work experience: For salaried- 2 years of job stability /For self-employed-
  2 years of business stability.

The loan verification proceeds in the following stages:

1. Fill the Cholamandalam Loan Against Property application form and upload it on the official website or wherever required. Submit copies of all the relevant documents necessary for application verification. It can be quickly done by signing up on Apnapaisa.com.

2. One of our customer care representatives will get back to you within 24 hours and schedule visits for collecting document copies (in case you chose offline submission of documents).

3. The concerned officials at Cholamandalam verify the documents and the details there. They may visit the property if necessary.

4. Once your application is approved, the loan amount will be disbursed to your account, and you will get a copy of the duly signed loan agreement containing details of loan interest, tenure, loan amount, charges, and penalties.