Purpose of Loans:

  1. Personal expenses
  2. Home loan


  1. Personnel of Indian army, Indian Navy, Indian Air force, Indian coast guard and paramilitary forces with min two-year of service

Amount of Loan:

  1. Commissioned officers: Maximum upto 5.00 lac.
  2. Junior Commissioned Officers: Maximum upto 3.0 lac
  3. Non-Commissioned Officers: Maximum upto 2.00 lac
  4. Jawans : Maximum upto Rs 1.00 lac

Basis of advance:

  1. 15 times of net monthly income subject to above
  2. 60 times of net monthly income subject to above


  1. Charge over assets acquired out of loan
  2. Equitable mortgage of house property


  1. Nil


  1. 10%
  2. Upto Rs 25 lakh : 15%
    Above Rs 25 lakh : 20%


  1. Maximum 36 months
  2. Max 240 months

Processing Fees:

  1. Nil
  2. Nil for loans upto Rs 25 lakh
    Above Rs 25 lakh: Rs 10000/-
    Above Rs 50 lakh: Rs 20000/-

Rate of interest:

  1. 11.00 % to 11.50% fixed
  2. Floating (PLR-5.75) 8.65% p.a for loans upto Rs. 28.00 lakhs and floating (PLR-5.60) 8.80% for loans above Rs. 28.00 lakhs. Special concession of 0.10% to women for loan upto Rs. 28.00 lakhs provided cost of dwelling is less than or equal to Rs. 35.00 lakhs
    Present PLR : 14.40%

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