Cosmos Bank

Attractive Features of Cosmos Property Mortgage Loan

Guarantors

One guarantor can be accepted instead of two

Repayment Period

12 years Maximum period for Term Loan and review within 15 months for Overdraft

Engage your property to ease your responsibility

Engage your property in easing your burden. Cosmos Property Mortgage Loan is devised to ease your financial burdens when aiming for higher education, repayment of unsecured loans, or when you need to make foreign business visits or while planning to purchase a residential plot. With huge plans come huge responsibility and those responsibilities can be simplified with use of your property.

Loan Highlights

Loan Limit
No Limit

Rate of Interest
For Loans up to Rs.5.00 Crore
Priority Sector: - @9.75% p.a.
Non-priority Sector:- 10.00% p.a
[Limit to sanction TL & OD 50%:50% Form]
For loans above Rs.5.00 Crore
ROI as per commercial Credit Rating
For greenfield Project
10.25% for first year, after first year, as per Commercial Credit rating.

Time of Disbursement
30 to 35 Days

Repayment Period
12 years Maximum period for Term Loan and review within 15 months for Overdraft

Prepayment Charges
Nil

Process charges w.e.f 05.06.2025

For New proposals -

(Up to Rs. 1.00 Crore) -0.25% + GST

(Up to Rs. 1.00 Crore upto Rs. 5.00 Crore) -0.20% + GST
Review -0.20% + GST

(Above Rs. 5.00 Crore)
Priority Sector - 0.50% + GST
Non-Priority Sector - 0.75% + GST

Review -0.20% + GST

Foreclosure Charges

Individual – Nil
Commercial –
1.-Within 12 months- 3%,
2. After 12 months but before 24 months- 2%
3. After 24 months-1%

Eligibility

In case of plots, a constructed property can be accepted in meritorious cases if the property has been legally declared as Non-Agricultural and is thoroughly fenced with the Bank’s board of mortgage.
The maximum allowed age of a Commercial property to be put up for mortgage is 30 years, whereas for Residential property it is 25 years. Properties older than this limit cannot be accepted. It shall be confirmed through valuation report and visit that the construction is of RCC and residual life of the property is longer than loan tenure.
Property should be in the form of constructed residential or commercial property with completion certificate from the competent authority.
Property can be mortgaged by way of registered mortgage only if all original title deeds as per legal opinion are available.
Submission of PDC (Post-Dated Cheque) for interest EMI is compulsory
Udyog Aadhar is compulsory for Priority Sector.

Facility

Term Loan or Overdraft facilities available

Documents Required

KYC Document
Income papers/Financial papers
latest Bank statement / passbook where you can show a salary /income being credited for the previous 6 months.
Form 16 for the previous 2 Years
2 years ITR computation of income P & L balance sheet with CA seal and Sign[ self employed]
Copies of all Property/ Security Documents of the concerned property to be pledged for the Loan.

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

Enquire Now

Ideal for people

Higher education
Repayment of unsecured loans
Foreign business visit expenses
Purchase of residential plot
Construction on plot where some title deeds/link documents are not available
Business promotion

Good to Know

Two guarantors acceptable to the Bank will have to be provided. However, one guarantor can be accepted after taking into consideration the merit of the proposal
Repayment Capacity: Income of the borrower/co-borrower can be considered for assessing the DSCR (Debt Service Coverage Ratio) or Repayment Capacity.

Repayment burden of other prevailing loans will also have to be considered
End Use of Funds: Document showing end use of the funds disbursed must be submitted in addition to undertaking in order to confirm that loan amount will be utilized only for the purpose applied for
Forms: Available on Online Form