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If you have dreamt of it, visit us to make it a reality. Own your dream car with the lowest car loan rates. Saraswat Bank offers the fastest car loan with zero inconvenience.

Eligibility:

  1. Salaried persons with minimum one year confirmed service.
  2. Other than salaried with regular source of income.

Loan Amount:

Maximum limit of Rs. 150 Lakh

Basis of Advance:

1. Salaried: 40 times of   Avg Net Monthly Salary 
     Businessmen: 4 times of Avg Gross Cash accruals
     or latest audited gross cash accrual with justification
2. 90% of Ex- showroom cost, insurance & registration charges (upto 100% - to loyalty customer.)

1 or 2, whichever is lower


Margin:

10% of on-road cost

Repayment Period:

Salaried & Businessmen: Maximum of 7 years.

Takeover of loans:

Takeover of car loans from other Banks/Institutions, subject to norms.

Rate of Interest (Fixed):

Period

New Customers

Loyalty Customers

Up to 3 years

9.00%

8.90%

Above 3 years to 5 years

9.25%

9.10%

5 years to 7 years

10.00%

9.75%

Processing Fees:

  1. No processing fee upto 10th January 2019

Shareholding:

As per extant shareholding norms.

Security:

Hypothecation of car

Combo Offer - 

Pre-Approved Credit Card for the following loan amounts

Loan Amount Credit Card Limit
Upto Rs 10 lakh Rs 50000/-
Above Rs 10 lakh to Rs 25 lakhs Rs 1,00,000/
Above Rs 25 lakhs Rs 2,00,000/-

Terms and conditions apply. 

Documents Required:

  1. Duly filled prescribed application form Photo Identity & Residence Proof of the Applicant.
  2. Income proof a) or b) as applicable.
    1. a) Salaried person: salary slips for last 3 months and bank statement for last 3 month or ITR/Form 16 of the latest one year.      
    2. b) Businessman/Professional/self-employed: last 3 years’ profit & loss account and balance sheet, & ITR and Bank statement for last 3 months.
  3. Proforma Invoice of the Authorized dealer.

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