|Loan amount||Up to 90% of Property Value|
|Rate of interest||7.00% onwards|
|Tenure||Up to 20 years|
|Lowest EMI possible||Rs. 775 Per Lakh|
|Processing fee||0.50% + GST|
|Foreclosure Charges||Nil for floating rates|
|Penal Interest Rate||2% per month|
You can also Apply for 50 Lakh Home Loan
Following are the key features and benefits of the loan:
Additional Info: Also check DDA Housing Scheme
The interest rates for Cosmos Bank Home Loans are as follows:
|Cosmos Home Loan Scheme|
|CIBIL Score - Above 800||7.00%|
|CIBIL Score - Above 750 to 800||7.25%|
|CIBIL Score - Above 700-750||7.60%|
|CIBIL Score - Below 700||7.85%|
|Cosmo Home Delight Scheme (Top-Up)|
|For all customers||8.25%|
|Cosmo Gruha Sanjeevani Reverse Mortgage Loan|
|For all customers||11%|
To reduce the processing time involved in availing Cosmos Bank Home Loan, one should approach the bank well prepared by checking the home loan eligibility criterion beforehand. Bank will have set certain guidelines to check one's eligibility for the loan.
The eligibility criteria are as mentioned below:
Additional Info: Also check AnyRoR Gujarat Land Record
Cosmos Bank offers the following types of Home Loans:
Additional Info: Also check Banglarbhumi West Bengal Land Record
Cosmos Home Loan Scheme
Cosmo Home Delight Scheme (Top-Up)
Additional Info: Also check Documents Required For Home Loan
The bank charges the following fees and charges on Home Loans:
|Fees or Charges Levied||Amount|
|Loan Processing Fees|
|Stamp duty and other statutory charges and fees||As per applicable laws and guidelines|
|Legal or incidental charges||Actual|
You can use MyMoneyMantra's EMI Calculator to do this job in a jiffy. EMI Calculator is a tool which enables calculation of EMI of a loan beforehand. With this, one can decide the amount of loan to be available or to choose the repayment period to fix a suitable EMI in an accurate and fast manner.
You just need to click on the Financial Tools, select Cosmos Bank Home Loan EMI Calculator, enter the details required, and then finally click on the Calculate button to get the result.
Additional Info: Also check SBI Home Loan EMI Calculator
|Lender||Maximum Loan Amount||Maximum Tenure||Interest Rate||Processing Fee|
|Cosmos Bank||Up to 90% of property cost||20 years||7.00%||0.50% + GST|
|ICICI Bank Home Loan||Up to 90% of property cost||30 years||7.60% - 8.45%||0.50% - 2% or Rs. 1,500 (Rs. 2,000 for Mumbai, Delhi & Bangalore), whichever is higher + GST|
|HDFC Ltd||Up to 90% of property cost||30 years||7.55% - 8.05%||Up to 1.50% or Rs. 4,500 (whichever is higher) + applicable taxes|
|Axis Bank Home Loan||Rs. 5 Crores||30 years||7.60% - 8.05%||Up to 1%, minimum Rs.10,000|
|Kotak Mahindra Home Loan||75% to 90 % of property value||30 years||7.50% - 8.10%||O.5% to 2.0 % + GST|
Additional Info: You can also avail SBI Home Loan
For more details on Home Loans, contact the customer care number of Cosmos Bank:
020 6708 6708
You can also try the toll-free number: 18002330234
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MyMoneyMantra is India’s largest phygital loan distributor. With trust of 70 lakh customers, we assure hassle free access to the best Home Loans up to 10 crore for housing loan borrowers in India. Our service is 100% free. We use latest technology and AI to serve customers across the length & breadth of our diverse country. Check Eligibility & Apply.
You can get in touch with them by calling their customer centers or fix an appointment with them through their official website. You can also visit their branches. For instant processing, you can apply through MyMoneyMantra.
The maximum loan provided is Rs. 70 Lakhs. It is calculated at 80% of the estimated cost for a new project and 70% of the loan amount for the purchase of an old property.
Immediate relatives that are spouse, father, mother, and children can be co-applicants. Siblings can also be co-applicants if the property is in joint names with them.
Processing charge is up to 1% of the loan amount.
The regular documents like completed loan application with an attested photograph, address proof, identity proof, age proof, proof of income, property documents, and a cheque for processing fee.
Interest is charged on reducing balance at monthly intervals.
Top-up loan up-to Rs. 5 Lakhs will be provided once 25% of the existing Home Loan has been repaid.
The property created out of the loan has to be insured for fire and other natural calamities during the pendency of the loan. The insurance has to be renewed every year and the proof for verification has to be produced to Cosmos Bank.
Yes. The bank offers a concession of 5 basis points on housing loans. The rate starts at 7.00% for women and at 7.00% for other borrowers.