Cosmos Professional Comfort Loan Scheme

Your business deserves a giant leap.

Businesses need support, encouragement and timely assistance in the form of financial boost and Cosmos Banks "Cosmos Professional Comfort Loan Scheme" exactly does that, it is designed to fulfil the financial needs of working professionals like Doctors, Engineers, Architects, Chartered accountants, Accountants looking for monetary support to start or expand their businesses.

With a rapid disbursement within 15 days, a professional can apply for a loan up to Rs. 100 Lakhs (working capital & term loan) with incredible interest rates of 8.50% to 9.00% pa with a repayment period of 2 years for OD and up to 10 years for term loans(both movable & immovable assets). Easy documentation and multiple facilities are one of the highlights of this loan scheme.

Loan Highlights

Loan Limit
Rs 100.00 Lakhs
[Working Capital & Term Loan]

Rate of Interest
CIBIL above 750 - @8.50% pa
CIBIL above 725- 750 - @8.75% pa
CIBIL above 700- 725- @ 9.00% pa

Time of Disbursement
15 Days

Repayment Period
OD – 24 Months –
TL Immovable assets – Max 120 Months
TL movable assets – Max 120 Months

Prepayment Charges
Nil

Process Charges

New Proposal – 0.50%+GST
As it is Review- 0.20%+GST

Foreclosure Charges

Within 12 months- 3%,
After 12 months but before 24
months- 2%
After 24 months-1%

Eligibility

The applicant should become a regular member or nominal member of the Bank in case of no membership
The applicant should hold a degree from a recognized university.
Individual Professionals / Non- Individual Professionals -Partnership firms, LLP, Private Ltd Company etc. takeover proposals from other banks having standard Asset classification is required.

Facility

Insurance
Membership

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
Last 3 Years IT Returns.
Account statement of borrower/customer for last six months
Copy of degree certificate of the applicant/partner/director
Registration Certificate & Qualification Certificate
Financial projections as per required repayment period
Udyog Aadhaar is compulsory.

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

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Ideal for people

Providing financial assistance to professionals who want to establish or grow a business.
Professional like CA, CS, ICWA, Doctor, Engineers, etc.

Good to Know

Unsecured Loan up to Rs 5.00 Lakhs
Guarantor: One family member should be taken as guarantor [preferably having independent income source]
Group Sureksha Insurance cover.
The procedures involved with this loan are simple and require minimum documents.
Both Term & Overdraft type available on this Loan.
Form: Available at Branches