Secured Term Loan

Chola Secured Term Loan a smart financial solution designed to meet your capital needs with stability and security. Whether you're a business owner looking to expand operations, a homeowner in need of funds for a major expense, or an entrepreneur with a promising venture, our Secured Term Loan offers you the financial support you require, backed by a solid foundation of security.

Secured Term Loan

  • Term loans funded for business expansion or asset acquisition or debt restructuring
  • Loans ranging from INR 10 Lakhs to INR 20 Crores
  • Convenient repayment options
  • Flexible tenure
  • Loans for Small and Medium Business
  • Loans to Private Limited Companies, Partnership Firms or Proprietorship Concerns
  • Acceptable Collateral: Commercial Property / Residential Property / Industrial / Factory Land and Building
  • Excellent service at all branches

Features & Benefits

Wide Branch network Wide Branch network
Convenient repayment options Convenient repayment options
Flexible tenure Flexible tenure
Loans for small and medium business Loans for small and medium business
Floating Rate of Interest Floating Rate of Interest

Quick Financial Support

Frequently Asked Questions

  • What is an SME Loan?

    SME Loan is a type of business loan offered to small and mid-size businesses to grow and expand their business. These loans can be short term or for a long term.

  • Who is eligible for an SME loan?

    Chola gives SME loans to retail and wholesalers, manufacturers, stockists and distributors, service providers, Private LTD, Partnership or Proprietorship Company, etc.

  • What are SME loans used for?

    SME Loans are used for working capital needs, business expansion, procuring new machinery and equipment, infrastructure development. Etc.

  • What is the loan amount Chola offers?

    Chola offers SME loans ranging from 10 lakhs up to 5 crores.

  • What is the loan tenure for SME loans?

    • Filled loan application form
    • KYC documents of the company-(PAN Card, Registration of Incorporation, Partnership deed, Memorandum & Articles of Association)
    • KYC documents of the business owners
    • Balance sheet and Profit & Loss accounts for the last two years
    • Income Tax Returns for the last two years
    • Company bank statements for the last six months
    • GST returns for the last 6 months

  • Is external guarantor needed to get a loan?

    No external guarantor is required.

  • What is the security or collateral that I have to provide to get a loan?

    Acceptable Collateral is Commercial Property, Residential Property, Industrial / Factory Land and Building.

  • Is the interest rate fixed or floating?

    Both are available.

  • How much EMI should I pay?

    EMI depends on the loan amount and tenure. Please check out our EMI calculator.  

  • Is there any age limit to get a SME loan?

    You must be between 25-65 years of age and have business that shows a profit for the last three consecutive financial years.

  • What are the modes of repayment?

    You can pay through Post Dated Cheques, Electronic Clearance Service (ECS) or Direct Debit.

  • What are the ways to apply for a SME loan?

    - You can apply online at by filling our online loan application form. - You can download our mobile app on play store and apply for a loan. - Our Chola staff will come to your doorstep to service you. Just give a call to customer care number 1800 102 4565 (9am to 7pm). - You can walk-in to our nearest branch and avail our services.

  • Can I pre-closure my loan?

    Yes, you can repay the loan ahead of schedule. There aren’t any pre-closure charges or any hidden charges. Everything is transparent and mentioned upfront.

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