Entrepreneurship is the buzzword and Saraswat Bank understands it better than anyone else. A loan designed for salaried employees to initiate a business. Easy and Hassle-free documentation guaranteed with a loan limit of Rs. 500 Lakh.


  1. Salaried/ Businessmen /Professionals/ Proprietary/ Partnership Firms as well as Private Limited Companies.
  2. The Property can be residential or commercial in nature Takeover of loans from other Banks/Institutions-subject to norms.

Limit of Loan:

  1. Max Rs. 500 Lakh


  1. 30% of the Realizable Value as per valuation done by Bank's approved valuer

Basis of Advance:

  1. Margin as stipulated 
  •      OR
  1. For Salaried Persons:
      Upto 40 times of (avg of 3 months) net monthly salary
  1. For Businessmen/Professional

      20% of the gross sales turnover (avg of last 3 years or latest audited gross sales turnover with justification)
      5 times of gross Cash accruals.(avg of last 3 years or Existing Borrower with good track record for 1 year -latest gross cash accrual) depending on the activity of the borrower .            

Repayment Period:

  1. Revolving line of credit
  1. Term Loan with a maximum repayment period of 10 years.

Prepayment Charges -

Rate of Interest:

  1. Rate of Interest: Floating PLR – 5.25 = 10.25% p.a
  2. Present PLR  @15.50% p.a. (w.e.f -13.02.2023)

Processing Fee: w.e.f 01.07.2022

For Overdraft/Term Loan:
  1. Upto Rs. 50 lakh:  0.5% max Rs 25,000
  2. Above Rs. 50 lakh & upto Rs. 2 crore: Rs 50,000
  3. Above Rs. 2 crore & upto Rs. 5 crore: Rs 1 Lakh

Commitment charges:

For loans above Rs. 50 lakh: 0.25% on unavailed portion.


  1. 2.50% of loan amount, Maximum Rs. 25000/-


  1. By way of Mortgage (Legal / Equitable) of residential or commercial property
  2. The property should be owned by the Applicant or spouse
  3. In case of Private limited company:
  4. The property acceptable as security can be in the name of the company or any of the directors.
  5. Spouse guarantee.
  6. In case of Partnerships firms, the personal guarantee of all the partners.
  7. In case of Private limited companies, personal guarantee of all the Directors.


  1. Prescribed loan application form (Duly Filled)
  2. Photograph, Photo ID & Residence Proof of the Applicant & Guarantor
  3. For salaried person, copies of:
    1. Salary slips for last 3 months or ITR/Form 16 for last 2 years 
    2. Bank account statement
  4. For businessman / professional, copies of:
    1. Last three years audited profit & loss account and balance sheet, ITR with computation of income for last 3 years.
    2. Bank account statement for last 3 months.

Documents for creating mortgage as per list provided by Bank.

Conditions Apply*

Combo offer for KWIK LAP loan customers:

Pre-sanctioned Credit Card for all new applicants of KWIK LAP

Share holding norms -
i) upto Rs 1 lakh: Rs. 100/- nominal membership
ii) above Rs 1 lakh: Rs. 500/- shareholding
Product +Loan Amount Credit limit to be assigned
KWIK LAP upto Rs.25 Lakh Rs.50,000/-
KWIK LAP above Rs.25 Lakh upto Rs.50 Lakh Rs.1,00,000/-
KWIK LAP above Rs.50 Lakh Rs.2,00,000/-