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

Amount:

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

Basis:

  1. Working Capital: 20% of turnover
  2. Term Loan: 3 times of net cash accruals
    or
  3. 80% of cost of the asset to be purchased whichever is less.

Rate of Interest:

  1. PLR - 2.75% i.e. 11.50%.
  2. 0.10% concession for woman entrepreneur

Repayment:

  1. Max: 7 years
  2. 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.25 lacs 50% of the advance amount.

Guarantors:

Not insisted


Shareholding:

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


Processing fees:

  1. Upto Rs.10 lacs Rs.5,000
  2. Upto Rs.25 lacs Rs.7,000
  3. Above Rs.25 lacs Rs.10,000
Exclusive of applicable taxes


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