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 Gruha Sanjeevani Reverse Mortgage Loan Scheme
Guided Service
We will keep the customer updated with all features and guide them at every step.
Income Security
Benefit from a regular income post retirement with the help of this scheme.
Easy Procedures
Apply for the loan in simple steps with full customer support from us.

Self Reliant Senior Citizen.
'Self reliant, Senior Citizen, in need of regular monthly income'

Does this sound like you? Congratulations on reaching the right spot to ease your troubles!

You've earned for your home all your life, now let your home earn for you. The Gruha Sanjeevani scheme is tailor-made for senior citizens to benefit from a regular monthly income from the bank, against the mortgage of their home. This frees the retirees from the stress of monthly mortgage payment. Senior citizens who want to be self reliant and are in need of a regularly income, can now provide for themselves with the help of the money which is lent to them regularly through the scheme.

Additionally, the reverse mortgage scheme is also an ideal option for persons whose property has become an illiquid asset.

Come benefit from the scheme with the guidance of our experienced personnel.

The Gruha Sanjeevani scheme enables homeowners who are senior citizens to avail a home loan with no requirement of monthly mortgage payment. Through this scheme, one can benefit from a regular income on a monthly basis from the bank against the mortgage of their home. Senior citizens who are in need of a regularly income can greatly benefit from this scheme, as they can provide for themselves with the help of the money which is lent to them through the scheme regularly. Additionally, the reverse mortgage scheme also becomes an ideal option for persons whose property is of illiquid nature due to any reasons. We understand your needs and welcome you to benefit from our speedy and guided service for the loan.

Loan Highlights
  • Loan Limit
    Upto Rs. 70 Lacs
  • Rate of Interest
    11% (Floating)
  • Time of Disbursement
    30 Days
  • Repayment Period
    For 60 to 70 years of age, the maximum loan period is 15 years,
    >70 years & up to 75 years of age, the maximum period is 10 years
  • Prepayment Charges
Process Charges
  • 0.50% of the loan amount subject
    to a minimum of Rs. 500/- and max. of
    Rs. 10,000/-
Foreclosure Charges
  • There is NO prepayment penalty if
    the loan is adjusted by the
    borrower from his own verifiable
    legitimate sources.
  • Otherwise penalty of 1% on the
    outstanding balance of last month
  • The applicant person should be an Indian Citizen who is 60 years and above in age.
    Spouse will be eligible as Co-borrowers for financial assistance

* Please contact the branch for further details.

Documents Required
  • KYC Document
  • Income papers/Financial papers
  • Property/ Security Documents
  • Apporved Plan copy & registered development agreement of the builder, Conveyance deed.
  • IT returns for last 3 years.
  • Last 6 months bank statement.
  • Form 16 for last 2 years.
  • Balance sheet & profit & loss a/c for last 3 years [self employed]

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
  • providing source of regular income for Senior citizens in the form of monthly / quarterly / half yearly installments or Lump sum payment if and when required
Good to Know
  • Form - Available on Online Form Centre