• Eligibility , Fees & Charges ,Documents :

• Self employed individuals, proprietors, private ltd. co. and partnership firms involved in the business of manufacturing, trading or services.

• The business should have a minimum turnover of ₹40 lakhs

• Individuals who have been in the current business for a minimum of 3 years, with 5 years total business experience.

• Those whose business has been profit-making for the previous 2 years

• The business should have a Minimal Annual Income (ITR) of ₹1.5 lakhs per annum

• The applicant should be at least 21 years at the time of applying for the loan, and should be not older than 65 years at the time of loan maturity.

• Rack Interest Rate Range-Minimum 10.75% and maximum 22.50%

• Loan Processing Charges-Up to 2.00%* of the loan amount
  *NIL Processing Fees for loan facility up to ₹5 Lakhs availed
  ​​​​​​​ by micro and small Enterprises subject to URC submission prior to disbursal

• Stamp Duty and other & statutory charges-As per applicable laws of the state

• The following documents are required along with your Business Loan application:

  • PAN Card – For Company/Firm/Individual

  • A copy of any of the following documents as identity proof:

    • Aadhaar Card

    • Passport

    • Voter's ID Card

    • PAN Card

    • Driving License

  • A copy of any of the following documents as address proof:

    • Aadhaar Card

    • Passport

    • Voter's ID Card

    • Driving License

  • Bank statement of the previous 6 months

  • Latest ITR along with computation of income, Balance Sheet and Profit & Loss account for the previous 2 years, after being CA Certified/Audited

  • Proof of continuation (ITR/Trade license/Establishment/Sales Tax Certificate)

  • Other Mandatory Documents [Sole Prop. Declaration Or Certified Copy of Partnership Deed, Certified true copy of Memorandum & Articles of Association (certified by Director) & Board resolution (Original)]

Home Loan Eligibility

Home loan eligibility is primarily dependent on income and repaying capacity. Other important factors include the customer’s profile, age at loan maturity, age of property at loan maturity, investment and savings history etc.

Important FactorCriteria Age18-70 years Profession Salaried / Self Employed Nationality Resident Indian Tenure Up to 30 years

Salaried / Self employed Professional-Upto Rs. 3300/- + applicable taxes/ statutory charges

For Self-Employed Non-Professionals/ NRI/ Value Plus Loans/ HDFC Reach Scheme/- Upto Rs. 5000/- + applicable taxes + statutory charges

Increase in Loan amountFor loan amount increase fees applicable under processing charges shall be levied.

Loan Slab Interest Rates (% p.a.) For All Loans* 8.70 - 9.60 • The indicated rates are subject to the credit/ risk profile as assessed by HDFC on the basis of certain parameters such as credit scores, segments, repayment of other loans, etc. • The interest rates are applicable to Home Loans, including House Renovation, Home Extension, Plot Loans and Plot + Construction Loans. • The above interest rates / EMI are applicable for loans under the Adjustable Rate Home Loan Scheme, and subject to change at the time of disbursement. The rates are linked to HDFC's Bench Mark Rate (i.e. the RPLR) and are variable through the tenor of the loan. • All loans at the sole discretion of HDFC.

Salaried Individuals:​​​​​​​

• This includes employees of private limited companies, employees from public sector undertakings, including central, state and local bodies

• Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 60 at the end of the loan tenure

• Individuals who have had a job for at least 2 years, with a minimum of 1 year with the current employer

• Those who earn a minimum of Rs. 3,00,000 per year, including the income of the spouse/co-applicant

• Individuals who have a telephone/post-paid mobile

• Self Employed Individuals and Professionals (Sole Proprietorship):

  • This includes self-employed sole proprietors in the business of manufacturing, trading or services

  • Individuals who are a minimum of 21 years of age at the time of applying for the loan, and no older than 65 at the end of the loan tenure

  • Those who have been in business for a minimum of 2 years

  • Should earn at least Rs. Rs. 3,00,000 per annum

  Self Employed Individuals and Professionals (Partnership Firms):

  • This includes self-employed partners in the business of manufacturing, trading or services

  • Those who have a minimum turnover of Rs. Rs. 3,00,000 per annum

  Self Employed Individuals and Professionals (Private Limited Companies):

  • This includes individuals who own a private company in the business of manufacturing, trading or services

  • Should earn at least Rs. Rs. 3,00,000 per annum

  Self Employed Individuals (Public Limited Companies):

  • This includes directors in public limited companies that are in the business of manufacturing, trading or services

  • Should earn at least Rs. Rs. 3,00,000 per annum

  
  

ChargesLoan Against Property (LAP) / Loan for Commercial Property (LCP) / Loan Against Rent Receivables (LARR)Dropline Overdraft Against PropertyRack Interest Rate Range Policy Repo Rate* + 3.00% to 4.50%= 9.50% to 11%

*Policy Repo Rate- 6.50%

Above mentioned interest rate is applicable on Operating Limit.

Interest rate of 18% p.a. will be levied on the amount utilized above
the Operating Limit of overdraft facility. (Applicable for DOD facility only)

Rack Fixed Interest Rate Range11.80% to 13.30%+
*Option In pursuant to the circular No. RBI/2023-24/55 DOR.MCS.REC.32/01.01.003/2023-24 in case of increasing interest rates of term loans and for borrowers with personal end use facility . Same can be availed of once in during the loan tenor.Charges for conversion of ROI from floating to fixed(who have availed EMI based floating rate Personal Loans)
*Please refer the RBI circular No. DBR.No.BP.BC.99/08.13.100/2017-18 on “XBRL Returns – Harmonization of Banking Statistics” dated January 04, 2018.”.Upto Rs 3000NALoan Processing Charges*Maximum of 1% of loan amount (* Minimum PF of Rs.7500/-)

Loan Against Property

Chola believes that nothing is impossible for those who aspire to enter a better life. Loan against property is a multi-purpose loan intended to finance all your dreams and that of your family members. This loan could be used for investing / expanding your business, or adding new business entities to supplement your income.

Key Highlights

• Secured long term loans

• Exclusive products for the self-employed

Features & Benefits Fast track approval process Part Payment and Prepayment facility Balance Transfer with better interest rates

Loan from 5 Lakhs to 7.5 Crores Floating rate of interest Tenure of upto 15 Years

Bussiness Loan Home Loan Car Loan Loan Against Property