Gift your family a permanent new postal address with Saraswat Bank’s Vastu Siddhi Home Loan. With the lowest home loan rates, own a house and make it your home. For constructing a house or purchasing a ready or resale flat.  You can also avail home loan takeover facility.


Purchase of ready built house/ flat / resale flat. In case of resale or old property, loan tenure should not exceed residual life of the property as per valuation report


  1. Salaried Employees/Businessmen/Professionals having a regular source of income
  2. Salaried employees should have minimum 2 years of confirmed service.

Loan Amount:

  1. Maximum Rs. 70.00 lakh per beneficiary per Dwelling Unit.


  1. 20% (Agreement Cost + Stamp Duty + Registration

Basis of advance:

i)   80% of (Agreement Cost* + Stamp Duty + Registration) or (Cost of land +construction thereon+ Stamp Duty + Registration)
The above is exclusive of Goods & Services Tax (GST)
*In case of resale flat, Market value or proposed agreement value + Stamp Duty + Registration whichever is less to be considered.
Valuation to be done for resale property if property age is more than three years old.                                                                          

ii)   Salaried: 65 times of the net take-home salary (Avg for the last 3 months) of the applicant
Businessman/Professionals/Self-employed: 5 times of Gross cash accruals (Avg for last 3 years) of applicant or latest audited gross cash accrual with justification

*Whichever is lower


Maximum 20 years for salaried class/Professionals.

Rate of Interest:

Loan Amount Revised Floating-For Women (both Salaried and Business) Revised Floating-Other than Women--Salaried Revised Floating-Other than Women--Businessmen
Upto Rs. 28 lacs 8.40%* p.a (PLR-6%) 8.50%* p.a  (PLR-5.90%) 8.50%* p.a  (PLR-5.90%)
Above  Rs. 28 lakhs to Rs. 50 lakhs 8.80% p.a (PLR-5.60%) 8.80% p.a  (PLR-5.60%) 8.80% p.a  (PLR-5.60%)
Above  Rs. 50 lakhs 9.00% p.a (PLR-5.40%) 9.05% p.a (PLR-5.35%) 9.15% p.a (PLR-5.25%)

Present PLR @ 14.40% p.a.
* In case cost of dwelling is above Rs.35 Lakhs then Rate of Interest for non-priority loan will be 8.80%

Combo offer for Vastu Siddhi customers :

Pre-sanction Super-Fast car loans for all new applicants of Vastu Siddhi home loans 
  1. Min loan Ticket size of Rs. 50 lac
  2. Min Net salary of Applicant to be Rs. 30,000/- net of all EMI's.
  3. Pre-sanction car loan of up to Rs. 6 lac with a waiver of processing fees

Personal guarantee may be considered depending on the merits of the proposal.

Pre-sanction Credit card for all new applicants of Vastu Siddhi home loans

Product +Loan Amount Credit limit to be assigned
Housing Loan upto Rs.25 Lakhs Rs.50,000/-
Housing Loan above Rs.25 Lakhs upto Rs.50 Lakhs Rs.1,00,000/-
Housing Loan above Rs.50 Lakhs upto Rs.70 Lakhs Rs.2,00,000/-

Processing fees:

Loan Amount Processing Fees
Upto Rs. 28 lacs Nil
Above Rs.28 lacs & upto Rs. 50 lacs Rs. 10000/-
Above Rs. 50 Lacs Rs. 20000/-


  1. As per extant shareholding norms


Equitable/ legal Mortgage of house property to be purchased.

Top up loan:

  1. Maximum Rs. 25 lakh.
  2. Repayment period subject to max. 10 years or due date of housing loan whichever is earlier
  3. ROI on the top-up loan would be fixed upto Rs.5.00 lakh @ 9.00% p.a. and above Rs.5.00 lakh @ 10.00% p.a. 
  4. Top-Up Loan for repayment of Debt for Housing loan and repairs/ renovations can be considered.
    Top up loan upto Rs.10.00 lakh can be considered. Housing Loan and Top up loan should not exceed Rs.70.00 lakh per dwelling per beneficiary.

Loan for Construction of House:

The Cost of land should not exceed 65% of total cost of Project and Construction should be completed within 24 Months.

Documents Required:

  1. Duly filled prescribed application form
  2. Latest Photograph, Photo Identity Proof, Residence proof of the Applicant and Guarantors
  3. Salaried: salary slip for last 3 months and bank statement for last 3 months or ITR or form 16 for two years
  4. Businessman: last 3 years profit & loss and balance sheet, ITR copies of last three years, 3-month bank statement.
  5. Documents for creating mortgage as per requirement

Pradhan Mantri Awas Yojana
Saraswat Bank  is pleased to offer "Credit Linked Subsidy Scheme"  under Pradhan Mantri Awas Yojana. To know more -Click here

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) 2400 5555
Email: corporatecenter@saraswatbank.com