Disclaimer….before you read ahead!
The information contained herein is of a general nature and for information purposes only, with the intent of raising awareness around various resources, schemes etc. available for women entrepreneurs in India. It is not intended to address the circumstances of any particular individual or entity. It does not purport to be all-inclusive or necessarily contain all the information that may be relevant for the reader, and may be subject to updation, revision or amendment. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to remain accurate in the future. The reader, therefore, is required to exercise their discretion; and not act on such information without appropriate professional advice after a thorough examination of the particular situation.
Furthermore, we are not a lender and are not authorized by the Reserve Bank of India to act as one. By disseminating the information contained herein, we are not soliciting any borrower or customers for the company or organization mentioned herein nor do we intend to syndicate any capital for the reader of this article.
About this scheme…
Small Enterprise Loans is a digital unsecured loan offering launched in 2022 by Cholamandalam Investment & Finance Company Limited (Cholamandalam), a non-deposit taking, systemically important Non-Banking Finance Company (NBFC-ND-SI) registered with Reserve Bank of India (RBI), to support budding entrepreneurs and aspiring professionals to achieve their goals.
How is it being implemented?
Under this Scheme, direct loans are provided to,
- MSMEs in manufacturing, services or trading
- Self-Employed Professionals such as practicing Doctors and Chartered Accountants (CA),
What’s on offer?
I. Product
- Term Loan
- Ticket Size: uptp ₹35 Lakhs
II. Purpose:
- Acquisition of or investment in fixed assets
- Working capital requirements
III. Borrower Type:
- Individuals, Sole Proprietorship, Partnership Firm, Limited Liability Partnership (LLP), Private Limited Company
IV. Security or Collateral or Guarantee or Insurance
- Primary Security: There may be primary charge on assets financed under this Scheme
- Collateral Security: Nil
- Guarantee: Nil
- Insurance: For more information around this, please contact Cholamandalam via means mentioned below
V. Interest Rate
- May range between 10% – 21%
VI. Processing Fee
- For more information around this, please contact Cholamandalam via means mentioned below
VII. Margin Money Requirement
- For more information around this, please contact Cholamandalam via means mentioned below
VIII. Tenure, Repayments & Pre-Closures
- Tenure: upto 60 months
- Repayments: EMIs
- Pre-payment & Foreclosure Charges: For more information around this, please contact Cholamandalam via means mentioned below
IX. Turnaround Time
- Loan application is paperless & digital with instant loan processing
- Loan disbursal happens within 24 to 48 hours of approval
Interested? Read ahead to check your eligibility….
I. For more information around this, please contact Cholamandalam via means mentioned below
So…how big is this scheme and what has been done so far?
I. As on June 30, 2025, Assets Under Management (AUM) under Consumer & Small Enterprise Loans were ₹14,199 Crores across 11,72,095 borrowers
II. This constituted nearly 7% of Cholamandalam’s total AUM of ₹192,148 Crores
So, now, how should you go about it?
I. For submitting application:
OR
OR
- Visit any one of the 1,703 Cholamandalam branches nearest to you. Of these, 494 branches are dedicated to Small Enterprise Loans
II. For indicative list of documentation required, scroll down here to get to FAQs | What are the documents required to avail a loan?
III. For any queries, please contact Cholamandalam via:
- Toll Free Number: 18001024565 | 18001234565 | Monday to Saturday, between 9:00 AM TO 7:00 PM
OR
- E-mail: customercare@chola.murugappa.com
OR
- Scroll here to fill details here under Quick Financial Support to get a call back
- Enquire online here
OR
- Visit any one of the 1,703 Cholamandalam branches nearest to you. Of these, 494 branches are dedicated to Small Enterprise Loans
Go on then…and do spread the word!
Best
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