SME Loans

Chola SME Loans are business loans created exclusively for Small and Medium Enterprises to grow and diversify their business. Chola offers a range of financial solutions to meet your specific short-term or long-term funding and business expansion requirements.

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
  • Loans to Private Limited Companies, Partnership Firms or Proprietorship Concerns

Supply Chain Finance

  • Help your dealers and suppliers to scale up and meet growing demands with our range of financial solutions for supply chain partners.
  • Vendor Financing/ Purchase Invoice Discounting
  • Sales Invoice Discounting

Equipment Finance

  • Finance to MSMEs for their capex needs / Purchase of Equipments
  • Equipment based finance – Primary collateral of equipment
  • Funding to Start-up segment - based on equipment cash flows

Loan Against Securities

  • Loan Against Shares
  • Loan Against Mutual Funds

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 playstore 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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