Purpose of Loans:

  1. Business Expenses –To carry out business, purchase of raw materials, payment of creditors etc.


  1. Individuals engaged in Agriculture and allied activities i.e. dairy, fishery, animal husbandry, poultry, bee-keeping and sericulture
  2. Advance against LIC- The Life insurance Policy( LIP) should be in force for a minimum period of 3 years and should be assignable
  3. Advance against NSC/ KVP - NSC/ KVP should be minimum 1 year old

Limits of Loans:

  1. No limit


  1. NSC/ KVP  : 10%-15% of the face value
  2. LIP : 10% of surrender value

Basis of Advance:

  1. NSC : 90 % of Face Value if residual maturity period is less than 3 years.
              85 % of Face Value if residual maturity period is more than 3 years
  2. LIP :  90% of surrender value

Repayment Period:

  1. 5 years in case of TL OR date of maturity whichever is earlier

Rate of interest (Floating):

  1. PLR -4.75 : 9.25% p.a
    Present PLR @14% p.a


  1. In case of LIP, the terms and conditions of the Policy should state that Policy can be assigned / Loan can be availed against the Policy.

Processing Fees:

  1. Nil


  1. 2.5% of sanctioned amount maximum Rs 25,000/-

Documents Required:

  1. Prescribed loan application form

Mile yahan, Dono Jahan

True to its new tag line, "Mile Yahan Dono Jahan", Saraswat Bank is committed to bridging the gap between technology and tradition by bringing to its customers the best of both worlds.

Keeping tradition intact and embracing technology, the Bank has matched strides with India's digital revolution by offering various digital banking services designed to make banking more easy and convenient like mobile banking, internet banking, international VISA EMV and RuPay chip cards, etc. Simultaneously, through its emphasis on personalized attention, the Bank has maintained its personal touch with customers. Agility of the small bank with the ability of the large bank has been Saraswat Bank's enduring heritage new.

Contact Saraswat Bank

Corporate Office
Saraswat Co-operative Bank Limited
Ekanath Thakur Bhawan 953, Appasaheb Marathe Marg, Prabhadevi. Mumbai- 400 025
Tel: [+91] (022) 6600 5555
Email: corporatecenter@saraswatbank.com