• Home Loan
  • Vehicle Loan
 
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Unnati
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Unnati

Saraswat Bank introduces a scheme for Professionals and Small Business Enterprise which takes care of their financial requirements. The facilities and features being offered are enumerated below ,you may contact our nearest branch and apply:

The features are:

Professionals Small Businessman
(Services)
Retail Traders Small Businessman
Manufacturing
Amount Max. Rs.50 lacs Max. Rs.25 lacs Max. Rs.25 lacs Max. Rs.50 lacs
Basis Working Capital : 20% of turnover
Term Loan : 3 times of net cash accruals or
80% of cost of the asset to be purchased whichever is less.
ROI PLR – 2.75% i.e. 11.50%.
0.10% concession for woman entrepreneur
Repayment Max. 7 years
Max. moratorium period 1 year.
Security Primary security : 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.25 lacs 25% of the advance amount
Above Rs.25lacs 50% of the advance amount.
Guarantors Not insisted.
Shareholding 2.5% of facilities sanctioned , max. Rs.25,000.
Processing fees Upto Rs.10 lacs Rs.5,000.
UptoRs. 25 lacs Rs. 7,000.
Above Rs. 25lacs Rs.10,000 exclusive of applicable taxes.
 
395dfb59303c7d5799cb76bbc6498406 savings account, loans, SME loans, NRI banking services, Forex, car loan, home loan, co-operative bank, trade finance
Saraswat-Bank
Saraswat-Bank