Recent advances in low-rank adaptation (LoRA) have enabled efficient fine-tuning of large language models (LLMs) with minimal additional parameters. However, existing LoRA methods apply static rank configurations uniformly across all input tokens, ignoring variation in token complexity and computational requirements. In this work, we propose ChunkWise LoRA, a dynamic and adaptive approach that partitions sequences into variable-length chunks based on token complexity and assigns each chunk a tailored low-rank configuration. Our system introduces a runtime scheduler that estimates token difficulty, performs adaptive chunking, and selects per-chunk LoRA rank and scaling using a rank-ladder mechanism. To preserve output consistency, we further introduce a boundary-safe composition module and integrate policy-driven KV-cache strategies. Experiments on benchmark datasets such as Wikitext-103 and SQuAD demonstrate that ChunkWise LoRA achieves up to 34\% lower latency and 38% memory reduction compared to baseline LoRA, while maintaining or improving task performance metrics like BLEU, EM, and perplexity. The proposed framework remains fully compatible with existing transformer architectures and inference frameworks, providing a practical solution for real-world deployment of parameter-efficient LLMs.