Login
Forget the hassles of renting a commercial space for your business establishment. Saraswat Bank provides easy and quick Rental Loans for setting up your enterprise.

Maximum Amount of Loan:

  1. Rs. 25.00 lacs
    or
  2. 65 % of the total net rent (i.e. rent after taxes such as property tax, TDS) to be received
whichever is lower

Margin:

35%

Repayment Period:

5 years maximum or till the remaining period of the lease, which is earlier.
Repayment will be from the rent received.

Security:

Equitable mortgage of the property given on rent or any other acceptable property of value of 35% more than the loan amount, subject to valuation certificate from Bank’s approved valuer.

Rate of Interest:

The proposal shall be rated as per the credit rating model followed by the Bank and a good rating can get you a better interest rate. The interest rates are linked to our PLR. Click here to view the present Interest Rate on Advances.

Processing Fees:

0.5 % of the loan amount

Guarantors:

In case the borrower is a partnership firm or a limited company, personal guarantee of the partners/directors.

Other Conditions:

Mortgage of property, Power of Attorney from landlord executed in favour of the bank to receive the rent. Property must be rented out to a reputed public limited company, public sector undertaking, Govt., or Semi Govt., organisation, Banks, financial institution, Insurance Company or multinational company

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