Term Loan/ Working Capital scheme for Professionals and Small Business Enterprise which takes care of their financial requirements. 


Max Rs.50 lacs for Professionals, Retail Traders, Small Businessman (Services) and Small Businessman (Manufacturing)


  1. Working Capital: 20% of Net turnover for manufacturer and 15% for trader and services
  2. Term Loan:
       1.  4 times of Avg Gross cash accruals or latest audited Gross cash accruals   OR
       2. 70% of realizable value or 60% of Market value of the new asset to be purchased 
                              1 OR 2 whichever is lower

Rate of Interest:

  1. PLR - 2.75% i.e. 11.65%.
  2. 0.10% concession for woman entrepreneur


  1. Max: 7 years
  2. Max moratorium period: 1 year


Primary security    : Term Loan: Mortgage of Fixed assets like shop, furniture, etc. Charge on Current assets for working capital
Collateral security : Term loan for acquiring office / shop premises - Nil
                                   Term Loan for acquiring other assets and / or Working Capital limit Upto Rs.10 lacs Nil
                                   Above Rs.10 lacs Upto Rs.50 lacs 25% of the advance amount


Not insisted


2.5% of facilities sanctioned, max. Rs.25,000

Processing fees:

  1. Upto Rs. 5 lakh: Nil
  2. Upto Rs10 lacs Rs.5,000
  3. Upto Rs.25 lacs Rs.7,000
  4. Above Rs.25 lacs Rs.10,000

Exclusive of applicable taxes


For loans upto Rs 2 lakh
  1. Self attested financial statements
  2. SETU certificate from SETU office
  3. Bank statement of 6 months

For loans upto Rs 10 lakh
  1. CA certified latest financial statement
  2. ITR of latest year
  3. Bank statement of 6 months
  4. Stock statement of 3 months

For loans above Rs 10 lakh
  1. CA certified financial statements for atleast last 2 years
  2. IT with computation of income for atleast last 2 years
  3. Bank statement for 6 months
  4. Documents for creating mortgage as per bank list
  5. Self declaration for Asset -liability

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