# Cholamandalam Finance business loans

> Cholamandalam Finance is on Recur Club's lender panel, writing vendor financing.

Source: https://www.recurclub.com/lenders/cholamandalam-finance
Last updated: 2026-10-20

Also offered, with no terms observed yet: Vendor Financing.

## Eligibility

### Screening gates and observed behaviour

- Borrower: age ≥2y (distributor financing, loan against property, purchase invoice discounting, sales invoice discounting, vendor financing) · age ≥1y (machinery loan, operating lease) · CIBIL ≥650 · avoid: Gems and Jewellery, Financial Services (varies by product) · Private Limited, Public, Sole proprietorship, Limited Liability Partner · sector-agnostic (49 sectors — full list in data JSON) (varies by product)
- Financials: runway ≥12mo (varies by product) · minimum annualrevenuegrowthrate: 5 (varies by product) · rev ≥₹100cr (distributor financing, purchase invoice discounting, sales invoice discounting, vendor financing) · rev ≥₹25cr (loan against property, machinery loan, operating lease) · TOL/adjusted tangible net worth ≤5 · debt/EBITDA ≤4 · debt/networth ≤4 · DSCR ≥1 · minimum cagr: 5 (purchase invoice discounting, sales invoice discounting only)
- Deal: rate 10–15% (range across products — see matrix) · ticket ₹0–15cr (range across products — see matrix) · tenure 0–180mo (range across products — see matrix)
- Security (observed): Personal Guarantee Of Promoters / Directors / Property Owner (100%) · FD margin 10–15% (100%) · Corporate Guarantee (100%)
- median ticket ₹12.5cr
- median rate 13%
- median turnaround —
- Security asked in 2026: Personal Guarantee Of Promoters / Directors / Property Owner (×2), FD margin 10–15% (×2), Corporate Guarantee (×2)
- share → in-principle approval (initial interest): ≈21d

## Sanctioned terms (from 24 real sanction letters)

### Sanctioned amount: median ₹50L (₹10L–₹3.1 cr) · NEW ×12

- median ₹50L (₹10L–₹3.1 cr) · NEW ×12

### Typical security: Equipment/Machinery ×2, Medical Equipment (Cathlab) ×1, Immovable Property ×1, Fixed Deposit (DSRA) ×1, Immovable Property (Land) ×1, Machinery ×1

- Equipment/Machinery ×2, Medical Equipment (Cathlab) ×1, Immovable Property ×1, Fixed Deposit (DSRA) ×1, Immovable Property (Land) ×1, Machinery ×1

### Typical covenants: - Other standing covenants — 58% of letters

- Other standing covenants — 58% of letters

### Term sheet by ticket size: (facilities, largest first)

- (facilities, largest first)

## Common questions

### What does Cholamandalam Finance lend?

Cholamandalam Finance writes vendor financing.

### What are Cholamandalam Finance's eligibility criteria?

The first screen is the bureau: a borrower CIBIL of at least 650. Revenue, leverage and debt-service thresholds apply on top and vary by product. The full credit box for each product is set out on this page.

### What security does Cholamandalam Finance ask for?

Observed across sanctions: Personal Guarantee Of Promoters / Directors / Property Owner (100%) · FD margin 10–15% (100%) · Corporate Guarantee (100%).

### How do I apply to Cholamandalam Finance?

You do not apply to Cholamandalam Finance directly through Recur Club. Answer a short set of questions on Recur Market and your file is scored against Cholamandalam Finance's own recorded criteria alongside every other lender on the panel, so you see where you fit before anyone is approached.

### Is Cholamandalam Finance the right lender for my business?

It depends on which product you need, your sector and how your last two years of financials read. The credit box on this page is what Cholamandalam Finance screens on; running your own numbers through Recur Market shows whether you clear it, and which other lenders you clear at the same time.

---

Check which lenders fund a business like yours: https://www.recurclub.com/recur-market
All lenders: https://www.recurclub.com/lenders

Lender intelligence dossier - screening gates, per-product terms and sanction observations, derived from lender policy documents and observed transactions. Figures are observed from a sample and are not an offer, a commitment, or a statement of Cholamandalam Finance's current policy.