Cosmos Bank
Personal Loan

The goal of all personal loans with Cosmos bank is to ensure that any immediate personal expense can be met without any hassles. These loan plans are designed to allow easy repayment options and also suitable financial solutions based on the unique requirements of the customer. The features and benefits of these loan plans are as follows:

Loans can be used for any personal financial requirement including weddings, travel, education, home renovation, purchase of consumer durables, medical expenses and more.

These loans can be used for the financial needs of the family members of the applicable as well.

These loan plans require minimal documentation and very little proof back up.

You can be assured of speedy processing time, providing easy access to loans for personal use.

Flexible repayment options based on your income and repayment capacity.

Lowest possible rates of interest.

Availability of loan amount up to 5 lakh.

Cosmos Bank ensures that repayment terms of loans are easy and flexible to suit the varying financial requirements of customers. In case of personal loans, the interest rate is 12.50% that is fixed for all individuals.

Cosmos Bank offers loans to individuals for all personal needs based on their creditworthiness and their current repayment facilities. The current loan plan available to customers for personal use is as follows:

Cosmos Credit Personal Loan

The Cosmo Bank Personal Loan Eligibility conditions are as follows:

Applicant should be a minimum of 21 years of age and not more than 65 years of age.

For salaried individuals, they must be employed by reputed institutions including PSUs, government organizations, schools, college or universities

Salaried individuals can avail personal loan if they have a minimum work experience of 2 years with at least 1 year service pending in the current organization.

For businessmen and other professionals, minimum work experience of 1 year is necessary.

In order to complete your loan application process, you are required to furnish the following documents: 

• Duly Filled Application form.
• 2 passport sized photos of applicant and guarantor
• Photo ID proof of applicant and guarantor
• Residence proof of applicant and guarantor
• Pan Card Copy of Applicant and guarantor
• In case of salaried individuals, last 3 months' salary slip+ bank statement for past 6 months+ Form 16A + IT returns for the last 3 years.
• In case of businessmen, last 2 years financial statement along with ITR copy and bank statement of business for the last 1 year.

Cosmos Bank has established itself as one of the most trusted bank over the years since its inception in the year 1906. They thrive on providing simple financial solutions to each of their customers to ensure that they get quick and timely assistance for all their expenses.

Choosing Cosmos Bank for your personal loan offers you with several benefits including: 

Association with the second largest cooperative bank in India.

Dedicated services to help customers have the most positive banking experience and suitable solutions for their financial requirements.

Easy access across India with 140 branches that are spread across 7 states and 39 major cities.

Application of advanced banking processes to speed up loan disbursal and other services and offer smooth and seamless banking options.

A large customer base that is built on trust based through transparent procedures.

A network of over 2800 staff members who are skilled and experienced in various verticals of the banking industries.

No matter what you require funding for, Cosmos Bank provides you with several options to fulfill these requirements. There are various loan schemes offered including

Planning your monthly budget is the first step towards financial success. If you are applying for a loan, you need to be aware of the additional outgoing expenses that you will be incurring in the form of EMIs. This amount can be calculated accurately before you apply for a loan using the EMI calculator on MyMoneyMantra. After you enter your loan amount and the tenure, the EMI is calculated based on the interest rates. That way, you will be able to assess if a certain loan plan is suitable for you or not.

You CIBIL score is an indicator of your credit worthiness. It helps banks understand your past credit history and repayments of previous loans and liabilities. You need to have a CIBIL score of at least 700 in order to be eligible for a loan with most banking institutions. The higher the CIBIL score, the higher your chances of getting an approval on the loan. 

The processing fees for various loan plans under Cosmos Bank personal loans are as follows     

For queries, complaints or any other information, you have a dedicated customer service number as follows: 

 Head Office:

The Cosmos Co-operative Bank Ltd.

Cosmos Tower,

Plot No-6,

S.No-132/B, ICS Colony, Ganeshkhind Road,

Pune-411007,

Maharashtra, India 

Central Office

Erode Road

Karur- 639002