The oldest yet most techno-savvy bank of co-operative sector, The Cosmos Co-operative Bank Ltd., has launched ‘Cosmos Professionals Loan’ & ‘Special Loan Scheme for Medical-Pharmaceutical-Surgical Wholesale and Retail Distributors’ announced Cosmos Bank Chairman, Krishnakumar Goyal.
Under the ‘Cosmos Professionals Loan’ scheme, doctors, architects, engineers, professionals like CA,CS and ICWA etc., can avail loan up to Rupees Five Lac at attractive rate of interest of 12.50%. This facility in the form of term loan or overdraft can be availed for 36 or 60 months duration.
For the ‘Special Loan Scheme for Medical-Pharmaceutical-Surgical Wholesale and Retail Distributors’, loan facility up to Rs.10 crore with attractive rate of interest at 11.50%. Bank has given concession in processing fees and at the same time if sufficient security in provided there will be no need of guarantor informed Krishnakumar Goyal.
Both these schemes are available at all branches of Cosmos Bank from September 1st, 2015 and customers should take benefit of these specially designed schemes appealed Goyal.
Cosmos Bank is the leading co-operative bank with strong financial foundation having set-up of more than Rs.27,350 crore. Cosmos Bank is operational in 7 States of India through its 140 branches.