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. 3.00 Crore (working capital & term loan) with incredible interest rates of 9.00%* to 9.50%* p.a 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 Limit
Rs. 3.00 Crore
[Working Capital & Term Loan]
- Rate of Interest
CIBIL above 750 - @9.00%* p.a
CIBIL 725- 750 - @9.25%* p.a
CIBIL 700- 725- @ 9.50%* p.a
- 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
- New Proposal - 0.25% + GST up to Rs.3.00 Crore
- As it is review - 0.20% + GST
- Within 12 months- 3%,
-
After 12 months but before 24
months- 2% -
After 24 months-1%
- 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.
- Insurance
- Membership
- 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.
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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
- Providing financial assistance to professionals who want to establish or grow a business.
- Professional like CA, CS, ICWA, Doctor, Engineers, etc.
- Unsecured Loan up to Rs 5.00 Lakh
- 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
*Terms and Conditions Apply