1. Group of minimum 10 employees.
  2. Permanent employees working with reputed Public/ Pvt organization with minimum two years of experience in the same organization, preferably from higher cadre.
  3. Minimum net take home salary: Above Rs. 10,000/- for all locations.

Limits of Loans:

  1. Maximum loan up to Rs.5.00 Lakh per individual

Basis of Advance:

1) 100% of the cost
2) 15 times of net salary where salary is above Rs.10000 up to Rs. 25000/-
    20 times of net salary (Salary above Rs. 25000/-)

1) or 2) whichever is less

Repayment Period:

  1. Maximum 60 months

Rate of Interest (Fixed):

  1. Fixed @ 11.50% p.a having salary account with us
  2. Fixed @ 12.50% p.a. salary account not with us (direct deduction from salary)


  1. Hypothication of consumer durables/two wheeler/computer etc
  2. Two guarantors from the same organization
  3. Repayment under Sec 60 of the MSCS Act 2002 or salary account with our bank or recovery of EMI through Salary deduction.

Processing Fees:

  1. Rs. 500/- irrespective of the loan amount


  1. As per extant shareholding norms

Documents Required:

  1. Duly filled prescribed application form
  2. Latest Photograph, Photo Identity & Residence Proof of the Applicant & Guarantor
  3. Salaried person: salary slips for last 3 months, Bank statement for the last 3 months, ITR/Form 16 for last 2 years.
  4. Businessman/Professional/self-employed: last two years profit & loss account and balance sheet.

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