Personal & Business Loans

If you are looking for an unsecured business or personal loan, you have come to the right place. Chola Consumer and Small Enterprise Loans (CSEL) presents you a wide range of loan products without asking for a collateral security for your loan.

CSEL is here to help you in your journey from a budding entrepreneur to a successful businessman. Our paperless digital process facilitates ease of loan processing and disbursement.

Our Loan Offerings


Features & Benefits

Collateral-free personal, business & professional loans Collateral-free personal, business & professional loans
Instant loan processing Instant loan processing
Convenient loan repayment options Convenient loan repayment options
Presence in 800+ locations across the country Presence in 800+ locations across the country
Paperless digital process Paperless digital process
Attractive interest rates Attractive interest rates

Quick Financial Support

Frequently Asked Questions

  • What is CSEL Loan?

    Consumer & Small Enterprise Loans (CSEL) is a division of Chola that offers collateral-free Personal, Professional and Business loans.

  • Who can benefit from CSEL?

    Salaried Individuals, Self-employed Professionals and Business Owners.

  • What is the interest rate?

    Our interest rates are competitive as per market standards.

  • What is the maximum loan amount for CSEL?

    We offer unsecured loans up to Rs. 35 Lakh.

  • What is the maximum tenure?

    The maximum tenure is 60 months.

  • Is external guarantor needed to get a loan?

    No external guarantor is required.

  • What is the expected time frame for loan disbursal?

    Our quick and easy process guarantees loan disbursal within 24 to 48 hours of approval.

  • Which professionals can avail CSEL loan?

    • Doctors (MBBS, BMS and above)
    • Chartered Accountants
  • Is collateral required to avail a loan?

    No collateral is required to avail Consumer and Small Enterprise Loans.

  • What are the documents required to avail a loan?

    • Proof of identity • Address proof • Proof of income • Proof of business (applicable only for self-employed)

  • Why should I choose Chola CSEL Loans?

    • Hassle-free unsecured loans • Guarantee of a trusted lender • Attractive interest rates • Excellent customer service

  • How to apply for a loan?

    - Apply online through our website www.cholamandalam.com (or) - Visit your nearest Cholamandalam Finance branch to apply offline.

  • How do I get my loan-related queries resolved?

    Call our customer grievance redressal toll-free number 1800-102-4565.

  • What are the penal charges for my Chola/Samsung Consumer Durable Loan?

    Fee Type Till 7th Feb, 2024 W.e.f 8th Feb, 2024
    Cheque/Mandate Dishonour charges (Bounce Charges) Rs. 450/- Rs. 590/-
    Penalty Charges (EMI Late Payment Charges) Rs. 450/- Rs. 590/-

    Customers can call the Chola Helpline 1800 102 4565 for any queries.

Our Products