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At the lowest interest rates, avail a loan up to maximum Rs.5 Lakh without any difficulty, in a short period of time with minimum documents for your personal use.

Limits of Loans:

  1. • Maximum loan up to Rs.5.00 lakhs

Eligibility:

  1. Salaried : Applicant be in permanent employment for atleast 1 year in current service and total 2 years in service
     Minimum average monthly take home salary after deducting all EMIs should be Rs.20000/- for loans upto Rs. 2.00 lakhs
     Minimum average monthly take home salary after deducting all EMIs should be Rs.25000/- for loans upto Rs. 5.00 lakhs
     Salary after deductions of all EMIs including proposed loan, the net take home salary should be minimum 25% of the gross monthly salary.
  1. Businessmen:  Having an experience of at least 1 year of business     
I.T Returns for last one year reflecting Gross cash accruals of Rs. 1.50 lakhs p.a
     CIBIL rating should be 700 or above

Basis of Advance:

Salaried: 20 times of average monthly net salary for last 3 months
Businessmen :3 times of average of last three years Gross cash accruals or latest audited gross cash accrual with justification
Or
Maximum Rs. 5.00 lakhs whichever is lower.
Whichever is less.

Repayment Period:

  1.  Maximum 60 months

Rate of Interest (Fixed):

  1. Fixed @ PLR i.e.14.40% p.a.

Security:

  1. Compulsory ECS/S.I. from Salary account/Business A/c​
  2. Hypothecation of Household Articles, consumer durables/ articles purchased

Processing Fees:

  1. No other charges such as CIBIL, FI
  2. Rs. 2500/- irrespective of the loan amount

Shareholding:

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

Documents Required:

  1. Prescribed loan application form
  2. Latest Photograph, Photo ID Proof and Residence Proof of the Applicant
  3. Salary slips for last 3 months and Bank statement for last 3 months or Form No.16 of the Applicant of last one year
  4. For Businessman ITR copies of last three years, 3 month Bank statement


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) 2400 5555
Email: corporatecenter@saraswatbank.com