Meet funding requirements for education, marriage, healthcare or any personal commitments by applying for a Loan against Property at Saraswat bank. With minimum documentations and quick approvals, you can mortgage your residential or commercial properties for taking a Loan against Property.


  1. Salaried
  2. Businessmen
  3. Professionals
  4. Proprietary
  5. Partnership Firms
  6. Private Limited Companies.

The Property can be residential or commercial in nature

Loan Limit:

Maximum: Rs. 500 Lakhs

Basis of Advance:

  1. 60% of the Realizable Value as per valuation done by Bank's approved valuer
  2. For Salaried persons: Maximum 40 times of average net monthly salary
    For Businessmen/Professionals: 20% of the gross sales turnover
  3. 4 times of average Net cash accruals

Repayment Period:

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

Rate of Interest:

  1. Floating PLR- 3.75: 11.75% p.a.
  2. Present PLR : 15.50% p.a. w.e.f 13.02.2023

Processing Fee:

  1. Upto Rs. 50 lacs: 0.5% of sanctioned amount
  2. Above Rs. 50 lacs: Rs. 50,000/-
  3. Renewal: 0.25% on the sanctioned amount with a cap of 1 lac

Commitment charges:

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


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


  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, the property acceptable as security can be in the name of the company or any of the Director

Spouse guarantee:

  1. In case of Partnerships firms, the personal guarantee of all the partners.
  2. In case of Private limited companies, personal guarantee of all the Directors


  1. Duly filled prescribed application form
  2. Photograph, Photo Identity & Residence Proof of the Applicant & Guarantor
  3. Income proof (as applicable):
    a) Salaried person: Salary slips for last 3 months or ITR/Form 16 for last 2 years and bank account statement
    b) Businessman/Professional/self employed: Last three years audited profit & loss account and balance sheet, ITR with computation of income for last 3 years and  Bank account statement for last 3 months. Documents for creating Mortgage as per list provided by bank