Compare & Choose from the Best Business Loan Offers 
Please Note: Saraswat Bank is not a Paisabazaar partner. Offers would be from partner banks/NBFCs only.
Saraswat Bank is an urban co-operative bank that offers banking products and financial services to its customers nationwide. Saraswat Co-operative Bank operates via its wide network of 260 branches and 260 ATMs and is spread across six states that include Delhi, Gujarat, Maharashtra, Goa, Karnataka and Madhya Pradesh. The bank is serving its customers for now more than 100 years. Saraswat bank provides mobile and internet banking services and provides international VISA EMV and RuPay chip cards, etc. Below mentioned are popular business loan schemes offered by Saraswat bank:
Saraswat Bank Interest Rates – 2022
| Saraswat Bank’s Corporate Loan | |
| Interest Rate | Depends on applicant’s profile |
| Min. Loan Amount | Rs. 50 lakh |
| Max. Loan Amount | Up to Rs. 10 crore |
| Processing Fee | Up to Rs. 5 lakh –Nil Up to Rs 10 lakh – Rs.5,000 + taxes Up to Rs.25 lakh – Rs.7,000 + taxes Above Rs.25 lakh – Rs.10,000 + taxes |
| Repayment Tenure | Up to 3 years |
| Shareholding | 2.5% of loan amount, max. up to Rs. 25,000 |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.
Apply for Business Loan @ 14.99% p.a. onwards Apply Now
Documents Required for Loan Application
For loans upto Rs 2 lakh
- Last 6 months’ bank statement
- Self-attested financial statements
- SETU certificate from its office
For loans upto Rs 10 lakh
- Last 1 year ITR
- Last 3 months’ stock statement
- Last 6 months’ bank statement
- Latest financial statement certified by CA
For loans above Rs 10 lakh
- Last 2 years’ IT with computation of income
- Last 6 months’ bank statement
- Last 2 years’ financial statement certified by CA
- Documents for creating mortgage
- Self-declaration for Asset-liability
Unnati Loan Scheme (Term Loan)
Unnati loan scheme (term loan/working capital) can be availed by retail traders, small businessmen (services/manufacturing) and professionals.
| Saraswat Bank’s Term Loan/Working Capital | |
| Interest Rate | 11.65% onwards* |
| Loan Amount | Max. up to Rs. 50 lakh |
| Processing Fees | Up to Rs. 5 lakh: Nil Up to Rs 10 lakh Rs.5,000 + taxes Up to Rs.25 lakh Rs.7,000 + taxes Above Rs.25 lakh Rs.10,000 + taxes |
| Collateral Security | Up to Rs.10 lakh: Nil Above Rs.10 lakh & Up to Rs.25 lakh :25% of advance Above Rs.25 lakh: 50% of advance |
| Repayment Tenure | Max. 7 years |
| Moratorium period | Max. 1 year |
| Shareholding | 2.5% of facilities sanctioned, Max. Rs.25,000 |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges
*0.10% concession for women entrepreneurs
Saraswat Bank’s Micro Finance Scheme
| Saraswat Bank’s Micro Finance Scheme | |
| Interest Rate | 16% onwards |
| Eligibility | 1 per ration card |
| Loan Amount | Max. Rs. 50,000 |
| Processing Fee | Nil |
| Income Criteria | Minimum income Rs. 6000 and maximum can exceed up to Rs. 12,000 per month |
| Repayment Tenure | Max. 36 months |
| Margin | Nil – For personal expenses, self consumption, working capital In case of Asset creation its 20% |
| Shareholding | Nominal Membership |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges
Saraswat Bank’s Micro Finance Scheme can be availed by people carrying any of the following activities:
- Carpentry, fishing, poultry farming, basket weaving, making of Malvani brooms, etc.
- Fruit, vegetables, fish and milk vendors
- Other Activities include hairdressing, electricians, flowers/vegetable growers, papad making, etc. under Government Scheme
Documents Required:
- Application form
- Photographs
- Aadhaar Card
- PAN Card
- Identity Proof of borrower/guarantor
- Acceptance Guarantee
- Letter of Guarantee
Udyogini
| Udyogini Loan Scheme for Women Entrepreneurs | |||
| Category/Type | Micro Enterprises | Small Scale Enterprises | Medium Enterprises |
| Interest Rate | 11.15% onwards | 11.15% onwards | 11.15% onwards |
| Loan Amount | Up to Rs. 2 lakh | From Rs. 2 lakh – Rs. 50 lakh | From Rs. 50 lakh – Rs. 100 lakh |
| Repayment Tenure | Up to 6 years | Up to 6 years | Up to 7 years |
| Processing Fee | Rs. 5000 | Upto Rs. 10 lakh – Rs. 5000 Above Rs. 10 lakh and Upto Rs. 25 lakh – Rs. 7000 Above Rs. 25 lakh – Rs. 10000 | Rs. 10,000 |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.
In addition to mentioned business loans, Saraswat Bank also offers MUDRA loan under Pradan Mantri Mudra Yojana. Below mentioned are the features of Mudra loan offered by Saraswat Bank:
MUDRA Loan
| Category/Types | Shishu | Kishor | Tarun |
| Max. Loan Amount | Rs. 50,000 | Rs. 5 lakh | Rs. 10 lakh |
| Interest Rate | 11.65% onwards* | ||
| Processing Fee | Nil | Nil | Rs. 5000 |
| Collateral Security | Nil | ||
| Renewal Fee | Nil | Nil | Rs. 500 |
Note: The mentioned interest rates, fees and charges are subject to change and depend on the sole discretion of the bank and RBI. GST and service tax shall be levied extra on the mentioned charges.
*0.10% concession for women entrepreneurs
Contact Us
If in case applicants/customers wants to get in touch with the bank, can contact the below corporate address
Saraswat Co-operative Bank Ltd.
Ekanath Thakur Bhawan 953,
Appasaheb Marathe Marg,
Prabhadevi. Mumbai- 400 025
Email: corporatecenter@saraswatbank.com