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


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


  1. Working Capital: 20% of Net Turnover for manufacturer and 15% for Traders & services
    Term Loan:
    (1) 4 times of Gross Cash Accruals (Average of last 3 years or latest audited Gross cash accruals)                    Or
    (2) 70% of Realisable value or 60% of market value of new asset to be purchased
         (1) or (2) whichever is lower.

Rate of Interest:

  1. PLR - 2.35% i.e. 11.65%.
  2. 0.10% concession for woman entrepreneur


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


Primary security: Mortgage or hypothecation of Fixed Assets and for working capital charge on current assets.
Collateral Security:
Term loan for acquiring office/shop premises – Nil
Term Loan for acquiring other assets and/ or Working Capital limit –
Upto Rs.10 lakh: Nil
Above Rs.10 lakh & Upto Rs.25 lakh :25% of advance
Above Rs.25 lakh: 50% of advance
Fresh Valuation of all the assets mortgaged is necessary


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

Processing fees:

  1. Upto Rs. 5 lakh: Nil
  2. Upto Rs. 10 lakh Rs.5,000
  3. Upto Rs. 25 lakh Rs.7,000
  4. Above Rs.25 lakh 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) 6600 5555
Email: corporatecenter@saraswatbank.com