Login
BPL (Below poverty line) APL (Above poverty line)
Eligibility Person qualifying for BPL norms One per Ration card Persons qualifying for APL norms One per Ration card
Loan Amount Existing - Maximum Rs.15,000/- New – Maximum Rs 25,000/- Existing - Maximum Rs.25,000/- New – Maximum Rs 50,000/-
Activity Person carrying any legal/gainful activity such as
1. Vendors of fruit, Vegetables, milk, fish etc.
2. Making of Malvani brooms, basket weavers and other bamboo products, seasonal finance for mango and cashews etc
3. Piggery, Goat rearing, carpentry, activities related to fishing, Poultry farming, small business & tiny industries
4. Any other activities viz plumbing, hairdressing, electrician including flowers/vegetable growers, spices papad making and Biogas etc under Govt. Scheme
Person carrying any legal/gainful activity such as
1. Vendors of fruit, Vegetables, milk, fish etc.
2. Making of Malvani brooms, basket weavers and other bamboo products, seasonal finance for mango and cashews etc
3. Piggery, Goat rearing, carpentry, activities related to fishing Poultry farming, small business & & tiny industries
Any other activities viz plumbing, hairdressing, electrician including flowers/vegetable growers, spices, papad making, Biogas etc under Govt. Scheme
Income Criteria Business man/ salary earners having income upto Rs.6000/- p.m. Verification of Income to be done from Ration card. Business man / salary earners having income upto Rs.12000/- p.m. Verification of Income to be done from Ration card.
Asset value Criteria Total requirement of the borrower/ value of asset should not exceed Rs.25000.00 Total requirement of the borrower/ value of asset should not exceed Rs.50000.00
Purpose To pursue above mentioned gainful activities and for purchase of any consumer items, bicycles, house repairs, medical expenses, education and any other lawful need or even as working capital /loan for his/her activity. To pursue above mentioned gainful activities and for purchase of any consumer items, bicycles, house repairs, medical expenses, education and any other lawful need or even as working capital /loan for his/her activity.
Rate of interest 15% p.a. 15% p.a.
Repayment Maximum 36 months Maximum 36 months
Guarantors 1. Cross guarantees of group of 2/3 persons.
2. One person can guarantee maximum 2 loans.
1. Cross guarantees of group of 2/3 persons.
2. One person can guarantee maximum 2 loans.
Processing fee Nil Nil
Share holding Nominal membership Nominal membership
Documents Micro finance loan application form Identification proof of the borrower/Guarantors, Aadhaar Card, Photograph & residence proof of the Borrower /Guarantors, PAN Card if available. D/P note, Acceptance letter and Letter of guarantee. Micro finance loan application form Identification proof of the borrower/Guarantors, Aadhaar Card, Photograph & residence proof of the Borrower /Guarantors, PAN Card if available. D/P note, Acceptance letter and Letter of guarantee.

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) 2400 5555
Email: corporatecenter@saraswatbank.com