Attractive Features of Cosmo Pharma Loan Scheme
Flexible Financing Options
Working Capital / SLSO / Property Mortgage as per the requirement of business activity & Repayment capacity of the applicant.
Pharmaceutical Business Loan
Loan Scheme for Wholesale & Retail Medical/ Pharmaceutical / Surgical Distributors

The scheme aims at providing financial support to deserving Wholesale Medical / pharmaceutical / Surgical Equipment’s suppliers in the form of working capital /Term Loan for the business or for creation of Assets for the Business.
At Cosmos Bank, we guarantee genuine and efficient service with all our schemes. So, dream big and avail the loan facility at any branch near you.

Loan Type
  • Cash Credit / Term Loan
Maximum Loan Amount
  • Rate of Interest
    Upto Rs.10.00 Crore
    8.75%* p.a with ‘A’ Rating
    9.00%* p.a with ‘B’ Rating
    9.25%* p.a for Green Field/No Credit Rating
    Above Rs.10.00 Crore to Below Rs.25.00 Crore
    13.25%* + Credit Rating
    From Rs.25.00 Crore and Above
    13.00%* + Credit Rating
Repayment Period
  • For CC: Payable on demand, reviewed annually
  • For TL: Up to 7-10 years for shop/office/godown purchase
Moratorium Period
  • 6-12 months (for TL)
Processing Charges

Up to Rs. 3.00 Crore

  • New Proposal - 0.25%* + GST
  • As it is review - 0.20%* + GST

Above Rs. 3.00 Crore

  • New Proposal -
  • For Fund Based - 0.50%* + GST
  • For Non-Fund Based - 0.25%* + GST
  • As it is review - 0.20%* + GST
Foreclosure Charges
  • 3% (if closed within 12 months)
  • 2% (if closed after 12 months but before 24 months)
  • 1% (if closed after 24 months)
  • Wholesale & Retail Medical/Pharmaceutical/Surgical Equipment distributors
  • Business entities engaged in the supply of medicines, pharmaceuticals, or surgical products
  • Applicants must have valid licenses/registrations as per pharmaceutical industry guidelines
Types of Facility
  • Working Capital / SLSO / Property Mortgage as per business requirements
Margin Requirement
  • For Cash Credit / SLSO:
    • Margin: 25% for stock & book debts
  • For Term Loan:
    • 25% for premises purchase, construction, furniture & fixtures
Security
  • Primary Security: Hypothecation of stock, book debts, or business assets
  • Collateral Security: Tangible assets like NSC, LIC, KVP, FDRs, or mortgage of property
  • Market Value Requirements:
    • ‘A’ Rating: Market Value at least 35% or 40%
    • ‘B’ Rating: Market Value at least 40% or 45%
    • ‘C’ Rating: Market Value at least 50%
  • KYC documents of applicants and guarantors
  • Licenses/registrations as per pharmaceutical industry guidelines
  • Copy of degree certificate of Proprietor/Partner/Director
  • Latest financial statements of applicants & guarantors / financial projections
  • Guarantor: One guarantor acceptable to the bank must be provided
  • Turnover Requirement: Minimum 80% of sales turnover should be routed through the CC account
  • Legal Fee, Stamp Duty & Manner of Charge Creation:
    • Legal Charges: At actuals
    • Stamp Duty: As applicable in the state
    • Charge Creation: The mortgage charge can be created by way of Equitable Mortgage & by Notice of Intimation, provided all original title documents are available. If the title deeds are unavailable, a Registered Simple Mortgage Deed will be executed.
  • Insurance: Life insurance products like Group Suraksha Scheme should be marketed and sold aggressively to cover loan liability

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
  • Scheme is applicable to Wholesale & Retail Medical/ Pharmaceutical / Surgical Distributors.
    (to grab small retail loans of wholesalers / retailers on a large scale to broaden our customer base and to ensure continuous flow of business)
Good to Know

  • Pharmaceutical loan Scheme limit Up to Rs.10.00 Crore in form of Working Capital / SLSO / Property Mortgage as per the requirement of business activity & Repayment capacity of the applicant Purpose.

    1) Working Capital for running business activity smoothly.
    2) The business unit should have been established in the line of business for a minimum period of 3 years and making profit for last 2 years.
    3) Form: Available at Branches

*Terms and Conditions Apply