Experience the privileges of being a salaried executive or a businessman by taking advantage of the Privilege Finance scheme by Saraswat Bank that offers a loan up to Rs. 5 Lacs with minimum interest rates.

Limits of Loans:

  1. Maximum loan up to Rs.5.00 Lakh


  1. Salaried: Applicant be in permanent employment for atleast 1 year in executive cadre.
    Minimum average monthly take home salary Rs.35000/-
  2. Professional/ Businessmen: Any professional having an experience of at least 5 years of practice.
    I.T. Returns for last one year reflecting net cash accruals of Rs. 1.50 Lakh p.a.

Basis of Advance:

  1. Salaried: 20 times of average monthly net salary
  2. Businessmen: 3 times of average Net cash accruals

Repayment Period:

  1. Maximum 60 months

Rate of Interest:

Fixed @12.50% p.a.


  1. Hypothecation of Household Articles
  2. Minimum one guarantor with Net monthly salary Rs. 35000/- or net profit as per I.T. Returns of Rs.1.50 Lakh

Processing Fees:

  1. Rs. 2500/- irrespective of the loan amount


  1. As per extant shareholding norms

Documents Required:

  1. Duly filled prescribed application form
  2. Latest Photograph, Photo ID Proof and Residence Proof of the Applicant & Guarantor
  3. Salary slips for last 3 months and Bank statement for last 3 months or Form No.16 of the Applicant of last one year
  4. Latest last 3 months salary slips of the guarantor.

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) 6600 5555
Email: corporatecenter@saraswatbank.com