Internet Banking

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 you


Plot No-6, S.No-132/B, ICS Colony, Ganeshkhind Road, Pune

Call Toll Free

1800 233 0234

Weekdays 10 AM to 6 PM

Sunday : Closed

Attractive Features of Cosmo Medical Loan Scheme
Scheme Exclusivity
Scheme Exclusively available for individuals practicing medicine.
Moratorium period of 6 to 12 months as per requirement of the customer.
Minimum Foreclosure
Foreclosure charge of only 1% on outstanding amount.

Medi loan for the Demi gods!

This scheme is especially for entrepreneurs in the medical fraternity. Whether its premises or equipment or anything for your venture, we help you save lives. With a need based finance option and no maximum limit on you loan, we are here to realize your dreams. Foreclosure charge is just 1% and moratorium period of 6 to 12 months, as per your requirement.

Loan Highlights
  • Loan Limit
    No maximum limit: need-based finance
  • Rate of Interest
    Welcome Rate 8.45%* and above for Priority
    & 8.70%* and above for Non Priority (Depending on Credit Rating and size of exposure)
  • Time of Disbursement
    30 Days
  • Repayment Period
    For purchase of premises, repayment period will be up to 10 years
    For purchase of equipment, repayment period will be 5 to 7 years
    Review within 12 months for Cash Credit.
  • Prepayment Charges
Loan Charges
  • 0.25% Loan Demand + GST
Foreclosure Charges
  • within 12 mths - 3%
    12 Months Before 24 months - 2%
    After 24 months - 1%
  • The applicant should become a regular member or nominal member of the Bank in case of no membership
  • The applicant partner or director should hold a medical degree from a recognized university
  • Individual / Partnership / Private Ltd Company takeover proposals from other banks having standard Asset classification is required
  • Insurance
    Insurance policy from Bajaj Life Insurance co. Ltd. with Bank's clause
  • Membership
    Membership will be applicable. For charges, Click Here
Documents Required
  • All documents as per KYC norms viz. Residence proof and Identity proof of applicant as well as guarantors.
  • Income documents of borrower and guarantors
  • Account statement of borrower/customer for last six months
  • Copy of degree certificate of the applicant/partner/director
  • Licenses/registrations applicable for medical practice
  • Financial projections as per required repayment period

Get In Touch

Our Expert will call you back on the number provided by you within 24-48 hours to assist you further. Thank you for your interest in Cosmos Bank

Ideal for people
  • To provide financial support to Medical practitioners, Diagnostic Centers, Pathology Labs, Maternity Homes, Hospitals, etc.
Good to Know
  • Prime Security: Premises to be purchased by way of simple/equitable mortgage.

    Equipment/furniture-fixture, etc. to be purchased by way of hypothecation.

    Hypothecation will be done on stock of medicines, consumables, etc. and debtors.
  • Collateral Security: 25% of the expected/desired exposure
  • Loan Security Regarding Immovable Property: In case of loan for premises, the loan will be disbursed as per stage of construction.

    In case of loan for equipment, the loan will be disbursed as per requirement or demand directly to the vendors of equipment/instruments.

    Cash Credit for day to day expenses, consumables, and overheads.
  • Margin: For the purchase of premises/construction, the margin will be 15% to 20% in Bank’s favour

    For the purchase of medical equipment/instruments, furniture fixtures, etc., the margin will be 25% to 30% in Bank’s favour

    For Cash Credit margin will be 25% in Bank’s favour
  • Other Charges: For Charges, Click Here
  • Note: Women entrepreneurs engaged as Medical Practitioners will benefit from either scheme.

    Additional benefits as highlighted above are available subject to exclusive banking with us as principal banker.
  • Form: Available on Online Form Centre