Download Chola One APK latest version Free for Android
| Version | 20.2 |
| Update | 1 year ago |
| Size | unknown |
| Developer | Cholamandalam Investment and Finance Company Ltd |
| Category | Apps, Finance |
| Package Name | io.ionic.d2c |
| OS | 5.1 |
Chola One APPLICATION description
Chola One Instant Personal Loan App
About the App
Chola One is an instant personal loan app from Cholamandalam Investment and Finance Company Limited, where you can apply for instant personal loans ranging up to ₹ 3 Lakhs, and our APR ranges from 14.5% to 45%**. The loan process is 100% online with No Paper Work and Quick Disbursal. You can get your loan hassle-free in just a few simple steps.
Chola One App features:
✅ Loan Amount: Up to Rs. 3 Lakh
✅ Interest Rate: Starting from 14% - 36% p.a**
✅ Processing fee: 4% - 6%
✅ Loan Tenure: 3 Months to 36 Months
✅ Instant Loan Approval
✅ 100% Online Process
✅ No Physical Documents are required
✅ Collateral-Free Loans
✅ Immediate Bank Transfer in just 15 minutes
✅ Easy EMIs to repay the personal loans
✅ Track your loan journey
✅ Get all your updates and offers in Chola App
Who is eligible for Chola One Personal Loan?
✅ Salaried, Professionals (CA, CS, CMA, and Doctors) and, Self Employed ( Sole Proprietor Business Owners)
✅ Minimum household income: Rs. 3,00,000 p.a
✅ Should not be an NRI or OCI
How to apply for Chola One Loan?
1. Download Chola One app
2. Verify phone number via OTP
3. Enter profile and employment details for eligibility
4. Select the type of loan (Instant or Personal loan)
5. Complete KYC
6. Confirm your bank details, set auto-pay & get the amount disbursed in your bank account instantly
*Provide bank statements, and employment proofs for higher ticket personal loan as required
Detailed Break-up of cost for personal loan**:
Loan Amount - Rs. 1,00,000
Tenure - 6 months
Interest Rate - 14% (on reducing principal balance interest calculation)
EMI - Rs. 17,354
Total Interest Payable - Rs. 17,354 x 6 months - Rs. 1,00,000 (Principal) = Rs. 4,123
Processing Fees (incl. GST) - Rs. 4,720
Stamping Fees* (incl. GST) - Rs. 20
Disbursed Amount - Rs. 1,00,000 - Rs. 4,720 - Rs. 20= Rs. 95,260
Total Amount Payable - Rs. 17,354 x 6 months = Rs. 1,04,123
Total Cost of the Loan = Total interest payable + Processing Fees + Stamping Fees = Rs. 4,123 + Rs. 4,720 + Rs. 20= Rs. 8,863
* Applicable as per respective state
** Note: Above numbers are for representation purposes only. Interest rates & APR will vary depending on the customer’s profile
About Cholamandalam:
Cholamandalam Investment and Finance Company Limited (Chola), was incorporated in 1978 as the financial services arm of the Murugappa Group. Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock broking, and a variety of other financial services to customers.
Chola operates from 1151 branches across India with assets under management above INR 91,841 Crores.
The mission of Chola is to enable customers to enter a better life. Chola has a growing clientele of over 20.9 lakh happy customers across the nation. Ever since its inception and all through its growth, the company has kept a clear sight of its values. The basic tenet of these values is strict adherence to ethics and a responsibility to all those who come within its corporate ambit - customers, shareholders, employees, and society.
Chola One is an instant personal loan app from Cholamandalam Investment and Finance Company Limited, where you can apply for instant personal loans ranging up to ₹ 3 Lakhs, and our APR ranges from 14.5% to 45%**. The loan process is 100% online with No Paper Work and Quick Disbursal. You can get your loan hassle-free in just a few simple steps.
Chola One App features:
✅ Loan Amount: Up to Rs. 3 Lakh
✅ Interest Rate: Starting from 14% - 36% p.a**
✅ Processing fee: 4% - 6%
✅ Loan Tenure: 3 Months to 36 Months
✅ Instant Loan Approval
✅ 100% Online Process
✅ No Physical Documents are required
✅ Collateral-Free Loans
✅ Immediate Bank Transfer in just 15 minutes
✅ Easy EMIs to repay the personal loans
✅ Track your loan journey
✅ Get all your updates and offers in Chola App
Who is eligible for Chola One Personal Loan?
✅ Salaried, Professionals (CA, CS, CMA, and Doctors) and, Self Employed ( Sole Proprietor Business Owners)
✅ Minimum household income: Rs. 3,00,000 p.a
✅ Should not be an NRI or OCI
How to apply for Chola One Loan?
1. Download Chola One app
2. Verify phone number via OTP
3. Enter profile and employment details for eligibility
4. Select the type of loan (Instant or Personal loan)
5. Complete KYC
6. Confirm your bank details, set auto-pay & get the amount disbursed in your bank account instantly
*Provide bank statements, and employment proofs for higher ticket personal loan as required
Detailed Break-up of cost for personal loan**:
Loan Amount - Rs. 1,00,000
Tenure - 6 months
Interest Rate - 14% (on reducing principal balance interest calculation)
EMI - Rs. 17,354
Total Interest Payable - Rs. 17,354 x 6 months - Rs. 1,00,000 (Principal) = Rs. 4,123
Processing Fees (incl. GST) - Rs. 4,720
Stamping Fees* (incl. GST) - Rs. 20
Disbursed Amount - Rs. 1,00,000 - Rs. 4,720 - Rs. 20= Rs. 95,260
Total Amount Payable - Rs. 17,354 x 6 months = Rs. 1,04,123
Total Cost of the Loan = Total interest payable + Processing Fees + Stamping Fees = Rs. 4,123 + Rs. 4,720 + Rs. 20= Rs. 8,863
* Applicable as per respective state
** Note: Above numbers are for representation purposes only. Interest rates & APR will vary depending on the customer’s profile
About Cholamandalam:
Cholamandalam Investment and Finance Company Limited (Chola), was incorporated in 1978 as the financial services arm of the Murugappa Group. Chola commenced business as an equipment financing company and has today emerged as a comprehensive financial services provider offering vehicle finance, home loans, home equity loans, SME loans, investment advisory services, stock broking, and a variety of other financial services to customers.
Chola operates from 1151 branches across India with assets under management above INR 91,841 Crores.
The mission of Chola is to enable customers to enter a better life. Chola has a growing clientele of over 20.9 lakh happy customers across the nation. Ever since its inception and all through its growth, the company has kept a clear sight of its values. The basic tenet of these values is strict adherence to ethics and a responsibility to all those who come within its corporate ambit - customers, shareholders, employees, and society.
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