At Cosmos Bank, we are committed to helping you meet all your banking needs to the best of our ability. You can access internet banking portal of our website at any hour of the day. There are no fixed timings to use the facilities. Moreover, enjoy the luxury of getting all the work accomplished at the comfort of your home or office, at any hour that is preferable for youLogin
Plot No-6, S.No-132/B, ICS Colony, Ganeshkhind Road, Pune
Weekdays 10 AM to 6 PM
Sunday : Closed
Foreclosure charges are not applicable to this scheme
Guarantors are optional under this loan ( Depend on % of security provided)
This loan has been designed specifically to satiate the financial needs of professional persons who are looking for monetary support in order to start or expand their own business. Doctors, Engineers, Architects, Chartered accountant, Lawyers, Accountants, and professionals of the like are eligible for this scheme. Professional trips and seminars can be financed using this loan. Moreover, it can be used to buy equipment, vehicles, furniture, tools and apparatus which are necessary for business. The procedures involved with this loan are simple and require minimum documentation. Moreover, it can be customized as per the need of the applicant. At Cosmos Bank we provide a loan of up to Rs. 5 lacs in Term Loan plan out of which a total of Rs. 2 lacs can be given under the Overdraft facility.
For house renovation or repairs, decoration and related purposes
Overdraft or Term Loan (Interest calculations will be executed depending on the type of loan)
Loan Tenure: A maximum tenure of 5 years in Term loan and 3 years in Overdraft
The rate of interest is fixed as per banks norm
KYC documents as per prevailing norms will be taken on record
Proof of professional qualification
Latest three years income tax returns, Assessment Orders, Balance Sheet and Profit & Loss account, with all annexures
Registration certificate / Qualification certificate
The rate of interest is fixed at 12.50% p.a.
A maximum of Rs. 5 lacs can be loaned under this scheme, of which maximum Rs. 2 lacs can be provided under the Overdraft Facility.
Legal charges fro legal opinion & Search report if any valuation charges of Bank's Empaneled valuer etc. will have to the borne by the borrower
The borrower should be a professional individual i.e Doctor / Architect / Engineer / CA / CS /
Customers already availing any unsecured loan facility of Rs. 5 lacs will not be eligible to avail this type of loan simultaneously.
However, Cosmos Professionals Loan Scheme may be given for the amount after considering the outstanding balance of existing unsecured loan in meritorious cases.