Cholamandalam Home Loan Interest Rate
Cholamandalam Home Loan Interest Rate
Cholamandalam knows different people have different financial needs when it comes to buying or constructing a new home. Whether it is your need to buy, extend, or construct a home, Cholamandalam Housing Finance Ltd. is there to assist you with easy and affordable home loans. The Cholamandalam home loan interest rate starts at 9.00% per annum. The NBFC allows a loan repayment tenure of up to 30 years and charges Rs. 5000, including GST, as the processing fee for a home loan application.
Cholamandalam Housing EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Cholamandalam Home Loan Key Highlights
Amount of Loan
Starting at Rs. 10 lakh
Rate of Interest
9.00% p.a. onwards
Processing Fees
Rs. 5000, including GST
Max Tenure for Loan Repayment
30 years
| Loan Category | Rate of Interest on Home Loan |
|---|---|
| Salaried | 9.00% p.a. onwards |
| Self-Employed | 9.00% p.a. onwards |
Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants
Prime Lending Rate ranges between 9.00 - 15.00%
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loan | 9.00% - 20.00% p.a. |
Cholamandalam Resale Housing Loan Interest Rates
| Loan Slab | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loans | 10.00% - 20.00 % p.a. |
Top-Up Loans Interest Rates
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| Top-Up for Existing Bank Customers | 9.00% - 20.00% p.a. |
Interest rates were last updated on 1st July 2025
Cholamandalam Home Loan Interest Rates for All Schemes in India
Cholamandalam knows different people have different financial needs when it comes to buying or constructing a new home. So, keeping this in mind, the NBFC offers a wide range of home loan schemes for their benefit. The table below will give you a clear idea of the home plan schemes offered by the NBFC and the standard rate of interest offered on each.
| Rates of Interest for Each Plan | Rates of Interest for Each Plan |
|---|---|
| Cholamandalam Home Extension Loan | 9.00% - 20.00% per annum |
| Cholamandalam Self-Construction Loan | 10.00% - 20.00% per annum |
| Cholamandalam New Home Purchase Loan | 10.00% - 20.00% per annum |
| Cholamandalam Resale Home Purchase Loan | 10.00% - 20.00% per annum |
| Cholamandalam Top-Up Home Loan | 9.00% - 20.00% per annum |
| Cholamandalam Balance Transfer Home Loan | 9.00% - 20.00% per annum |
Cholamandalam Home Loan Interest Rates for Balance Transfer, Top Up and Overdraft
Cholamandalam offers three flexible options to home loan borrowers to reduce their financial burden in the form of an overdraft facility, a top-up loan, and a balance transfer home loan scheme. Continue reading to have an in-depth understanding of all these three facilities on Chola home loans:
Cholamandalam Home Loan Top-Up
No need to worry about extra funds; simply opt for Cholamandalam home loan top-ups. Through these top-ups, the existing home loan borrowers can borrow additional funds on top of their original loan amount. Cholamandalam home loan top-up interest rate starts at 9.00% per annum.
Cholamandalam Home Loan Overdraft Option
The Cholamandalam home loan overdraft facility on home loans is another flexible medium through which home loan borrowers can deposit or withdraw extra funds whenever required to meet their financial needs. The main objective of opting for an OD facility is to save yourself from the hassles of reapplying for another loan from the bank.
Cholamandalam Home Loan EMI Calculation 2025
| Loan Amount | Rate of Interest | EMI for 10-Year Loan Tenure | EMI for 20-Year Loan Tenure | EMI for 30-Year Loan Tenure |
|---|---|---|---|---|
| Rs. 10 lakh | 9.00% p.a. | Rs. 12,668 | Rs. 8,997 | Rs. 8,046 |
| Rs. 20 lakh | 9.00% p.a. | Rs. 25,335 | Rs. 17,995 | Rs. 16,092 |
| Rs. 30 lakh | 9.00% p.a. | Rs. 38,003 | Rs. 26,992 | Rs. 24,139 |
| Rs. 40 lakh | 9.00% p.a. | Rs. 50,670 | Rs. 35,989 | Rs. 32,185 |
| Rs. 50 lakh | 9.00% p.a. | Rs. 63,338 | Rs. 44,986 | Rs. 40,231 |
| Rs. 60 lakh | 9.00% p.a. | Rs. 76,005 | Rs. 53,984 | Rs. 48,277 |
| Rs. 70 lakh | 9.00% p.a. | 9.00% p.a. | Rs. 88,673 | Rs. 56,324 |
| Rs. 80 lakh | 9.00% p.a. | Rs. 1,01,341 | Rs. 71,978 | Rs. 64,370 |
| Rs. 90 lakh | 9.00% p.a. | Rs. 1,14,008 | Rs. 80,975 | Rs. 72,416 |
| Rs. 1 crore | 9.00% p.a. | Rs. 1,26,676 | Rs. 89,973 | Rs. 80,462 |
Disclaimer:
The figures in the table above are based on a 9.00% p.a. interest rate offered by the Cholamandalam. They may vary, however, based on the different interest rates offered by other banks, your monthly income, and other factors.
How to Calculate Cholamandalam Home Loan Interest Rates?
The simplest way of determining the interest rate payable on a Cholamandalam home loan plan is by using the online home loan interest rate calculator available at EMI. Use this easy-to-use online EMI calculator to plan your monthly finances better without any confusion. The table below provides a detailed estimate of the EMI payable and the interest rate on Cholamandalam home loans:
Compare Cholamandalam Home Loan Interest Rate with Top Banks
You are strongly advised to compare Cholamandalam home loan interest rates with other leading banks and NBFCs for an informed decision. For your reference, we are presenting the table below enlisting interest rates and processing fees of other prominent financial organizations in India providing home loans:
Cholamandalam Home Loan Balance Transfer
Cholamandalam Housing Finance allows existing home loan borrowers from other banks and NBFCs to transfer their outstanding loan amount to Cholamandalam at a lower interest rate. For this, the NBFC offers the Chola Balance Transfer Home Loan Scheme.
Cholamandalam home loan balance transfer interest rates start at 9.00% per annum. This home loan facility is open for both salaried and self-employed borrowers. Have a look at the easiest way to apply for a Cholamandalam balance transfer home loan:
Go to the Repay Right section on the BASIC Home Loan website - Repay right
Enter the required information in the provided form and fill in the key details on the current outstanding loan amount, existing rate of interest per annum, new rate of interest per annum, existing loan repayment tenure, and existing EMI paid on the loan amount.
Click on Next once you have entered the required details on the form.
You can see your total savings with the Cholamandalam Home Loan Balance Transfer option on the next page.
Alternatively, you can contact one of the BASIC Home Loan team representatives, who can help maximize your savings with Cholamandalam Balance Transfer on home loans.
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