In case of any sort of financial need, you can fall back on Saraswat Bank’s Gold Loan to get hassle-free loan upto Rs. 50 Lakh.


  1. Any individual who is the true owner of the ornaments (preferably hallmark)
  2. Advance can be given to males solely against men ornaments without female applicant.
  3. Advance is given to male applicant against women ornaments,  basis female consent (mandatory).

Loan Amount:

  1. For Bullet repayment – Rs. 2 lakh         
  2. For the purpose of house repairs/renovation 
      Metro & Urban– Rs. 5 lakh
      Semi Urban & Rural - Rs. 2 Lakh
  1. Maximum loan/OD up to Rs. 50.00 lakh*
  • Overdraft without monthly reduction : Rs. 2.00 lakh

Basis of Advance:

  1. 75% of the valuation of gold ornaments


  1. Pledge of Gold Ornaments

Repayment Period:

  1. 12 months

Rate of Interest (Floating)

  1. PLR - 6.25 i.e. currently at 7.75% p.a.
  2. Present PLR @ 14% p.a.

Processing Fees:

  1. NIL

Valuation Charges:

  1. Charges at actual to be borne by the applicant

Custody Charges:

  1. Custody charges of Rs. 300/- per quarter in case the delivery of ornaments is not taken within one month from the closure of loan account.


  1. As per extant shareholding norms


  1. Duly filled prescribed application form.
  2. KYC documents of applicant i.e. latest photograph, Identity proof, residence proof.
  3. Declaration from borrower that he is the true owner of the ornaments.

Conditions Apply*

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