Cosmo Merchant Scheme

The scheme aims at providing financial support for the working capital needs of small entrepreneurs.

Loan Highlights

Rate of Interest
8.25% with “A” Rating
8.50% with “B” Rating
8.75% for Green Field/No Credit Rating

Repayment Period
For CC- Payable on demand-Review/ Renewal after 12 months.
For TL- For purchase of shops/ Godown/ Office Premises etc. Repayment period will be given up to 7 to 10 years.

Process charges w.e.f 01.04.2025
New Proposal - 0.30% + GST
Review - 0.20% + GST

Foreclosure Charges

3% if the loan account is foreclosed within 12 months from the date of final loan disbursement
2% if the if the loan account is foreclosed after 12 months but before 24 months from the date of final loan disbursement
1% If the loan account is foreclosed 24 months after the date of final loan disbursement

Eligibility

Loan is eligible to Wholesale & Retail Medical/ Pharmaceutical / Surgical Distributors .
The applicant should become a regular member or nominal member of the Bank in case of no membership.
Eligibility on the basis of advances –
a) For Cash Credit / SLSO - Margin- 25% for stock & Book Debts.
b) For purchase of premises/ construction/ furniture/ & fixtures the margin will be 25%

Facility

Documents Required

All above documents along with KYC to be obtained.

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

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Ideal for people

Individuals, Proprietorship Firms, Registered Partnership firms, Pvt. Ltd. Co., LLP. ( to ensure continuous flow of business)
The scheme is applicable to NEW CUSTOMER ONLY w.e.f. 1st August, 2023.

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