What is the Home Loan Rate of Interest in Cosmos Bank?

Interest rates for home loans always vary depending on the repayment history, primarily your CIBIL scores. So, to understand Cosmos Bank home loan interest rate, you must check your credit score. When I took out a housing loan from Cosmos Bank in 2023, I didn’t know about these variations. My brother, being a bank employee, told me that interest rates are usually determined by certain factors. However, I can share with you different interest rates as per the CIBIL score.

What is Cosmos Bank Housing Loan Interest Rate?

In Cosmos Bank, the loan limit is up to Rs. 140 lakhs and the repayment period is up to 20 years. I got the loan at 7.95% p.a. as my CIBIL score was 810. However, here is a list of different rates of interest according to the credit scores up to Rs. 35 lakhs home loan amount.

If you are taking a loan between Rs. 35 lakhs to Rs. 70 lakhs, here are the rates of interest you can check out.

These are the rates of interest I came across during my research. I hope this gives you enough information about the Cosmos Bank interest rates for home loans. 

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You can check What is the Minimum CIBIL Score Required for a Home Loan?

The Cosmos Bank home loan interest rate has increased beyond what Shiv has mentioned. It is now 7.95% for a CIBIL score above 800. I availed of their loan early this year and am well aware of the rates. If you want, you can go through the interest rates of the Cosmos home loan that I am going to share next.

What is the Cosmos Home Loan Interest Rate?

The latest Cosmos Bank housing loan interest rate up to Rs 35 lakhs is:

For home loans between Rs 35 lakhs and Rs 70 lakhs, the interest rate is:

For home loans above Rs 70 lakh, the interest rate is:

So this is the home loan interest rate Cosmos Bank. 

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Cosmos Bank is nothing but the oldest leading cooperative bank in India. It was established in 1906 and is strengthening its financial structure through innovative business. Cosmos Bank has 154 branches in the seven states of India, namely Maharashtra, Gujarat, Madhya Pradesh, Karnataka, Andhra Pradesh, Telangana, and Tamil Nadu. The Cosmos Bank home loan interest rate varies as per your CIBIL score. Here is the chart you can look at-

I hope this answers what is the home loan rate of interest in Cosmos Bank. If you are willing to know its processing fee or eligibility, read this answer.

To apply for a home loan in Cosmos Bank, the applicant must be

• Between 18 years to 70 years of age

• He/she must have 2 guarantors

• Only salaried and businessmen can apply for a home loan in Cosmos Bank

Some of the documents that are required to apply for a home loan at Cosmos Bank are-

• Loan applications

• Identity proof

• Address proof

• Income proof

• Property documents and more if required

As for the processing fee, know that, up to Rs 10 lakh, 1% of the loan amount will be charged as the processing fee. Above Rs 10 lakh, the processing fee will be 0.50% of the loan amount.

These details should be enough to help you know what is the cosmos bank home loan interest rate and other aspects of it.