Enter a Better Home. Your Home!
Chola Home loans is a division of the trusted Murugappa Group.
We have 167 branches are spread across 9 states - Tamil Nadu, Andhra Pradesh, Telangana, Karnataka, Kerala, Maharashtra, Gujarat, Rajasthan & Chhattisgarh with a strong presence in Tier II, III & IV towns & cities.
Chola is of the belief that every family should own a home and is committed to the national mission of “Housing for All by 2022”. Chola with its deep understanding of the middle income families in India offers customized affordable home loans to suit all budgets at the doorstep of the customer with ease and convenience. Our customized eligibility programs have enabled thousands of Self-Employed (business owners) and Salaried employees to realize their dream of owning a home.
Visit : Chola Home loansOur Offerings:
- Self-Construction Loans
- Loans for Purchase of Resale Flat/Independent Houses
- Loans for Purchase of New Flat/Independent House
- Loans for Mixed-Use (Residential with small commercial unit)
- Home-Extension Loans
- Balance Transfer of Existing Loans from other financiers with Top up loans
- Top – Up Loans for Existing Chola Home Loans
Features & Benefits
Doorstep services ensuring easy and fast approval & disbursal of loans.
Extensive branch network with presence in Tier II, III cities/towns
Loans for new to credit customers/customers without income proof
Tax Benefits under Section 80C of Income Tax of India 1971 Act
Save upto Rs.2.67 Lakhs with PMAY subsidy
Transparent end-to-end digital on-boarding with in-principle sanction at customer place
Pradhan Mantri Awas Yojana (PMAY) – CREDIT LINKED SUBSIDY SCHEME
Chola facilities “Credit Linked Subsidy Scheme (CLSS) ” for EWS (Economical Weaker Section), LIG (Lower Income Group), MIG (Middle Income Group) categories under Pradhan Mantri Awas Yojana.
We have been awarded by HUDCO as the Best Performing PLI under CLSS for the year 2017-18.
Under the PMAY scheme, eligible customers (i.e. the beneficiary) can avail interest subsidy on the purchase/construction/enhancement of a house.
| CLSS Scheme Type | Eligibile Household Income | Carpet Area- Max (sqm) | Eligible Loan Amount | Interest Subsidy (%) | Max Subsidy (Rs.) |
|---|---|---|---|---|---|
| EWS | Upto Rs. 3 Lacs | 30 sqm | Rs. 6 Lacs | 6.50% | 2.67 Lacs |
| LIG | Upto Rs. 6 Lacs | 60 sqm | Rs. 6 Lacs | 6.50% | 2.67 Lacs |
| MIG 1 | Rs. 6 Lacs to Rs. 12 Lacs | 160 sqm | Rs. 9 Lacs | 4.00% | 2.35 Lacs |
| MIG 2 | Rs. 12 Lacs to Rs. 18 Lacs | 200 sqm | Rs. 12 Lacs | 3.00% | 2.30 Lacs |
Why Chola ?
There’s more than one reason to be confident.
Know More
40+
Years of Excellence
27
States & Union Territories
25000 +
Strong Workforce
1000+
Branch Locations
70,000 Cr+
Assets Under Managerment
14 Lakh+
Happy Customers
Market Updates
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