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

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Plot No-6, S.No-132/B, ICS Colony, Ganeshkhind Road, Pune
+91-20-67086708

Call Toll Free

1800 233 0234

customercare@cosmosbank.in

Weekdays 10 AM to 6 PM

Sunday : Closed

Attactive Features of Vendor Finance
Affordable Margin
A margin of only 10% in Banks favor.
Minimum Documentation
Less Paperwork with appropriate guidance from our experts
No Fixed loan limit
Loan limit set according to maximum credit exposure. Limit for individual borrow.

Vendor Finance

The backdoor to Vendor success

Are you a vendor to a well known OEM? Do you make 10 Cr business with them? Cosmos Vendor Finance is your go to scheme. With reasonable ROI; quickest disbursement and easy processing, we are here to help you concentrate more on where its needed- you Business!

This loan is usually issued to individuals who are vendors for Original Equipment Manufacturers (OEMs). The perk of this scheme is that there is no fixed loan limit, as it depends upon the credit exposure of the individual who is the borrower. We provide our valued services to customers at an affordable margin of 10%.

Loan Highlights
  • Loan Limit
    Loan limit set according to maximum credit exposure. Limit for individual borrow.
  • Rate of Interest
    9.50%
  • Time of Disbursement
    15 Days
  • Repayment Period
    Review of the limit within 12 months
    Usance period of Bill of Exchange shall be maximum 90 days
  • Prepayment Charges
    Nil
Loan Charges
  • Please contact the branch for further details.
Foreclosure Charges
  • upto 12 mths - 3%
    12 Mths Before 24 mths - 2%
    After 24 months - 1%
Eligibility
  • The applicant should be a vendor of Original Equipment Manufacturer (OEM) or a well-known/financially strong Public Limited or Pvt. Limited Company.
  • This scheme is normally sanctioned to applicants having expected business of Rs.10 crores & above with the OEM Company.
  • The vendor shall furnish a No Objection Certificate (NOC) from its Principal Banker in favour of our Bank to sanction the said facility and the Principal Bank will not have any charge on the Bill discounted with us.
Facility
  • Please contact the branch for further details.
Documents Required
  • KYC Documents
  • 3 years Income papers/Financial papers
  • Latest Online ROC Search of OEM shall be taken on record
  • Copy of agreement, contract or purchase order between the principal and vendor for supply of goods.
  • Audited financials with income proof.
  • past 12 months bank account Statement.
  • Estimated balance sheet & profit or Loss account for the Current year.

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 financial support to the firms or companies having regular business relations with well-known OEMs as a registered vendor
Good to Know
  • All general terms & conditions of Bills discounting limit will be applicable, such as Membership, Shareholding, Agreement, Processing Fee, Visit etc.
  • Guarantors: Preferably 2 guarantors acceptable to the Bank
  • RoI: As decided from time to time by the bank, Interest to be recovered upfront for every Bill
  • Security: Bills drawn on vendor along with a bill of exchange which is duly accepted by OEM will be the prime security for the loan. No collateral should be insisted.
  • Account Opening: Credit Limit is to be sanctioned to the Vendor for factoring/discounting the accepted Bill of Exchange.

    Separate limit for each OEM will be sanctioned in case there are more than 1 OEMs to whom the borrower is supplying.
  • Processing: All paper formalities such as loan application, submission of financial papers, registrations, etc. as obtained in normal credit proposal will be taken and appraisal shall be made as usual.

    The sanctioning authorities and loan documentation will be as per other present loan schemes.
  • Terms & Conditions: All general terms & conditions of Bills discounting limit will be applicable, such as Membership, Shareholding, Agreement, Processing Fee, etc.
  • Form: Form Available on Online Form Centre