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Purpose To pursue gainful activities and for purchase of any consumer items, bicycles, house repairs, medical expenses, education and any other lawful need or even as working capital /loan for his/her activity.
Eligibility One loan per Ration card
Loan Amount Maximum Rs 50,000/-
Margin Nil - For self consumption, working capital, personal expenses
20% - in case of Asset creation
Income Criteria Business man/ salary earners having minimum income of Rs.6000/- p.m. and maximum Rs. 20,000/- p.m.
Asset value Criteria Total requirement of the borrower or Rs. 50,000/- whichever is lower
20% margin to be maintained in case of asset creation
Rate of interest 16% p.a.
Repayment Minimum 12 months - Maximum 36 months
Guarantors 1. Cross guarantees of group of 2 persons.
2. One person can guarantee maximum 2 loans.
3. Maximum one member from family can be obtained as guarantor
4. Of the 2 guarantors atleast 1 to be an income earner
Processing fee Nil
Share holding Nominal membership of applicant and guarantor
Documents 1. Photograph, Aadhaar Card/ Voter ID, PAN Card of the Borrower and Guarantors
2. 6 months bank statement; in case account maintained with other bank
3. Proforma Invoice in case of Asset creation
4. Declaration for end use of the funds

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) 2400 5555
Email: corporatecenter@saraswatbank.com