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!
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!