New Launch: TurboLoan powered by Chola

By Sarita | January 21, 2022

Unveiling BankBazaar’s first co-branded Personal Loan – TurboLoan, powered by Cholamandalam Finance. With a completely digital, paperless process, superfast money is now super easy. Here’s everything you need to know and more! 

If you’re looking for a little extra moolah for any reason, a Personal Loan is a good option. And if you’re shopping around for a Personal Loan at competitive rates with a quick and hassle-free process, may we suggest BankBazaar’s first co-branded Personal Loan – TurboLoan, powered by Cholamandalam Finance? With a completely digital, paperless process, superfast money is now super easy. Here’s everything you need to know and more! 

Whether it’s a medical emergency, a big, fat Indian wedding or just unexpected expenses, TurboLoan can help tide you over. With a simple online, digital process, the entire application process is hassle-free. So, say goodbye to paperwork, miles and miles of red tape and a long, anxious wait for your loan amount to be approved and credited. 

Additional Reading: Dos And Don’ts Of Getting A Personal Loan  

Key Highlights 

Quick & Easy Application Process: Simply apply online on BankBazaar, get instant e-approval and you could have your loan amount disbursed in the same day. No sweat! 

Nil Documentation: You read that right – no documents are necessary for this Personal Loan.  

Digital, Paperless Process: With no requirement for documents, all you need to do is apply online and skip the hassle of paperwork. 

Instant E-Approval & Same-Day Disbursal: With instant e-approval, your loan may be disbursed within the same day. Money quickly for exactly when you need it. 

No Guarantor & Collateral: This is, quite simply put, a loan simplified. There’s no requirement for a guarantor or collateral.  

Loan Details 

Interest Rate 
15% p.a. onwards (fixed)
Processing Fee 
3% of the loan amount, plus applicable taxes 
Loan Tenure 
12 to 48 months 
Loan Amount 
Rs. 1 lakh to Rs. 3 lakhs

Eligibility Criteria 

Age Limit
21 to 60 years
Type of Employment 
Salaried, self-employed, retired personnel, students, homemakers 
Credit Score 
A good Credit Score 

Additional Reading: How Late Payments Can Leave You Credit Sore! 

Monthly Payment Calculation 

It’s always a good idea to understand exactly how much your monthly repayment (EMIs) would work out to so you can plan and also make timely repayments on your loan. Use our nifty Personal Loan EMI Calculator and you’re sorted.  

Partial Prepayment & Foreclosure 

While partial prepayments are not allowed on your TurboLoan, you can foreclose your loan with applicable foreclosure charges as decided by the bank. 

Get In Touch 

If, at any point, you need to get in touch with Cholamandalam Finance for anything regarding your TurboLoan, you can get in touch in any of the following ways

Customer Care Helpline 
1800-102-4565 (any time between 9AM and 7PM)
Customer Care Email 
customercare@chola.murugappa.com 
SMS 
9500000312

That’s everything you need to know about TurboLoan. Ready to get started and get the loan amount disbursed today? BankBazaar will be with you every step of the way. Just click the button below! 

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.
Category: New launches Personal loan news Tags: ,

About Sarita

Sarita is Head of Product Content, Design & Customer Voice at BankBazaar. She is passionate about languages, writing, reading, animals and new travel experiences. She dreams of a Utopian world filled with wagging tails, perfect grammar and non-fractured funny bones.

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