Advantages of choosing Chola Loan Against Property
Chola Loan Against Property is a secured multipurpose loan created with the intention of making all your dreams come true and we take immense joy in seeing all of you take the path to success. Chola lets you harness the power of your property by offering ₹5 Lakh to ₹7.5 Crore rupees as loan according to the market value of the property. We provide customized loans according to each person’s needs. Our products include Loans Against Property (Prime LAP) and Micro Loans Against Property (Micro LAP) for business use.
There are some unique advantages you will get when you opt for Chola Loan Against Property. Let’s go through them in detail.
Fast Track Approval Process
Since we understand the urgency of our customers, we keep our turnaround time to a minimum. Chola’s loan application process has been one of the best in the market ensuring quick disbursals whenever our customers are in times of need. We have digitized our application process and document verification process to a huge extent making things simpler and easier for the beneficiaries.
Switch to Chola on the go
Balance transfer is a feature that lets you transfer the remaining loan amount with any other lender to Chola for an attractive interest rate and many other benefits. With balance transfer, you can save a lot of money in the longer run as loan against property is a long-term loan.
Pay at your convenience
Chola offers the flexibility you require when you’re opting for a loan against property. You can extend your tenure as long as 15 years as per your requirement. A longer tenure will result in lesser EMIs which will be easy on your wallet too. If you’re comfortable with a shorter tenure and want to close off your loan quickly, you can go with a shorter tenure too.
Part Payment and Pre-Payment
Chola offers you part payment and pre-payment features for your ease of convenience. When you opt for part payment, you can repay a part of your remaining loan thereby cutting down on your interest and EMI. Whereas in pre-payment, you can pay off the entire remaining amount and close off your dues on the go. This way you can be interest-free for the rest of your loan amount.
Applying for Chola Loan Against Property
At Chola, we have optimized our loan application process as simple as possible so that it serves various sections of the society. Now apply for Chola Loan Against Property in a snap by visiting Apply for Loan Against Property . You can also walk into our nearest branch or give a missed call to us at 07949130412 to apply for Chola Loan Against Property.
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