This app simplifies the home loan process, offering doorstep services for easy approval and disbursal. Calculate EMIs, apply for loans, track applications, and access loan details. It also assists with PMAY subsidy information and minimal documentation requirements.
1.11
January 5, 2023
The insurance module and upload KYC updated
You can apply for a home loan directly through the Chola Home Loan app. The app offers doorstep services for easy and fast approval and disbursal of loans for various purposes like self-construction, home extension, purchase of ready property, and loan transfer.
Chola offers loans for self-construction, home extension, purchase of ready property (new/resale), and transfer of existing loans. The app provides detailed information on these offerings.
No, the app states that the documentation required is minimal. Income proof or an existing CIBIL score is not a mandatory requirement for applying for a home loan through the app.
Yes, the app features an EMI calculator that allows you to estimate your monthly loan payments. You can also use the eligibility calculator to understand your borrowing capacity.
Once you apply for a loan through the app, you can track the status of your application directly within the Chola Home Loan application. This feature ensures you are updated on the progress of your loan.
Yes, Chola is committed to the National Mission of Housing for All and actively helps customers receive the PMAY subsidy of up to Rs. 2.67 Lakhs. The app provides more information on how to avail this subsidy.
Existing customers can download their interest certificate, update KYC, raise service requests, request for a top-up loan, access loan details, and pay their EMI outstanding directly through the app.
Based on the provided data, Chola Home Loan is available on iPhone, iPad, and iPod. It is designed for iOS devices.
