Attractive Features of Cosmo Krushi Market Finance
Exclusive Scheme
Scheme designed exclusively for GALA holders
ROI
Low and affordable interest rates/ ROI will change with change in PLR
Speedy Processing
Quick loans under professional guidance

Agreeable for Agricultural customers

Are you from the Agricultural Sector? Come benefit from the Cosmo Krushi Market FInance. We provide working capital finance for Wholesalers of Market Yard. Daily funding for wholesalers is no more a hassle!

The agricultural sector is one of the most promising sectors of the Indian economy. We, at Cosmos Bank, have thus taken into great consideration the importance of finance in this sector, and that has resulted into the Krushi Market Finance scheme. It is a need-based overdraft loan, and provides the daily funding to the borrowers.

Loan Highlights
  • Loan Limit
    50% of the value of ‘Gala’ or 25% of the annual sales turnover of business- whichever is less, subject to an upper limit of Rs. 1.00 Crore (Turnover will be confirmed as per latest audited Balance Sheet)
  • Rate of Interest
    12.5%* p.a
  • Time of Disbursement
    30 to 45 days
  • Repayment Period
    Repayable on demand, subject to review within 15 months
  • Prepayment Charges
    Nil
Process Charges
  • 0.50 % + GST for Fund Based
  • 0.25 % + GST for Non-Fund
    Based
  • 0.20 % + GST for Review
Foreclosure Charges
  • upto 12 mths - 3%
    12 Mths Before 24 mths - 2%
    After 24 months - 1%
Eligibility
  • The applicant must be a gala holder and should be engaged in wholesale business of grocers, vegetables & fruits with valid licenses
Facility

* Please contact the branch for further details.

Documents Required
  • All original title deeds will have to be submitted in Bank’s Custody

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 working capital finance for Wholesalers of Market Yard
Good to Know
  • Security: This loan will be considered only on Mortgage of Gala Located in Market Yard (leasehold property).

    Only NOC & Tripartite agreement which is made with Krushi Utpanna Bazaar Samittee with Unregistered Equitable Mortgage shall be accepted.

    Age of the property shall not be more than 35 years with its residential life being at least 15-20 years.
  • End Use of Funds: An Undertaking or Declaration shall be taken confirming that amount will be used exclusively for business activity only

    No submission of periodical statement or DP is required
  • Overdrawing: No overdrawing will be allowed and no ad-hoc limit will be sanctioned

*Terms and Conditions Apply