How to get Saraswat Bank Personal Loan 2024 – Eligibility, Interest Rate

Saraswat Bank Personal Loan Apply, Interest Rate, Eligibility, EMI Calculator, Minimum Salary, Civil Score and more details that we read in this article please read till the last.

If you want to take advantage of Saraswat Bank personal loan then this article is for you. Personal loan comes under the category of an unsecured loan.

Personal loan completely depends on the credit history of the customer. You can apply for this loan both online and offline. In this article, we will know what is Saraswat Bank Personal Loan, interest rate, documents, eligibility and how we can apply for this loan etc., so read this article till the end.

Saraswat Bank Personal Loan 2023

You can take a personal loan for any of your personal needs like marriage expenses, higher education, children’s fees, medical emergency, house repair etc. Applicant’s CIBIL Score to take this Instant Personal Loan should be very good. You can get personal loan from Saraswat Bank with lowest interest rate, minimum documents and without any difficulty. You can get a personal loan up to a maximum of Rs 5 lakh from this bank. Any salaried and self employed person can apply for this loan.

The loan tenure of Saraswat Bank Personal Loan is maximum 60 months. Bank provides this loan at Fixed Rate of Interest. Saraswat Bank Personal Loan interest rate starts from 13.50% p.a. If you are an existing customer of the bank and your CIBIL score and income is high, then you can take advantage of the attractive interest rates of the bank.

Saraswat Bank Personal Loan Overview

• Loan Name: Saraswat Bank Personal Loan 2024
• Lender Name: Saraswat Co-operative Bank Ltd.
• Loan Amount : Up to Rs.5 Lakh
• Loan Tenure: Maximum 60 Months
• Interest Rate: 13.50% p.a. (fixed)
• Processing charge: Rs 2500, irrespective of loan amount
• Shareholding: 2.50% of the loan amount (maximum Rs.25000)
• Official Website: https://www.saraswatbank.com/
• Learn Saraswat Bank Wiki

Saraswat Bank Personal Loan Interest Rate 2024

The interest rate of Saraswat Bank Personal Loan is 13.50% per annum (fixed). If you have a good credit history, then you can also take advantage of the attractive interest rates of the bank.

Before taking a personal loan, we need to know about Personal Loan Interest Rate 2024. If we do not have proper information about the interest rate of personal loan, we may have to face problems.

Benefits and Features of Saraswat Bank Personal Loan

• All salaried and self employed individuals can apply for this loan.
• You can get the maximum loan amount up to Rs 5 lakh.
• The maximum loan tenure of the loan is up to 60 months.
• Bank provides this loan at fixed interest rate.
• The interest rate of the loan is 13.50% per annum.
• Security:
  • Compulsory ECS/SI from Salary Account/Business Account
  • Hypothecation of household goods, consumer durables/purchased goods
• There are no other charges of any kind like CIBIL, FI Bank.
• Shareholding: 2.50% of the loan amount (maximum Rs 25000)

Basis of Advance

• Salaried: 20 times the average monthly net salary of the last 3 months.
• Businessman: Gross cash earnings at 3 times the average of the last three years or the latest audited gross cash earnings.
• or –
• Maximum Rs.5.00 lakh whichever is less.

Saraswat Bank Personal Loan Eligibility

Only those people can apply for Saraswat Bank Personal Loan who are eligible for it. The following eligibility has been prescribed to apply for the loan:

• Salaried : Applicants should be in their present employment for at least 1 year and should be permanent for a total of 2 years.
• Professional : The applicant should have at least 1 year of business IT return experience. Shows gross cash earnings of at least 1.50 lakh per annum.

Eligibility for Metro/Urban City:

• The minimum average monthly take home salary after deducting all EMIs for loans up to Rs.2 lakh should be Rs.20,000.
• The minimum average monthly salary after deducting all EMIs should be Rs 25,000 for loans up to Rs 5 lakh.

Eligibility for Semi-Urban/Rural City:

• Minimum average monthly salary after deducting all EMIs should be Rs 15,000 for loans up to Rs 2 lakh.
• The minimum average monthly take home salary after deducting all EMIs for loans up to Rs.5 lakh should be Rs.20,000.
• Salary after deducting all EMIs including the proposed loan, the net house salary should be a minimum of 25% of the gross monthly salary.

Saraswat Bank Personal Loan Documents Required

Before applying for the loan, you should keep all your documents together so that when the bank does not ask you for documents, you can show them all the documents immediately. To apply for Saraswat Bank Personal Loan, you must have the following documents:

• Prescribed loan application
• Latest photograph, photo ID proof and applicant’s residence proof
• Salary slip of last 3 months and bank statement of last 3 months or Form No. 16 of applicant for last one year
• ITR copies of last 3 years, 3 months bank statement for businessman

Saraswat Bank Personal Loan Apply

If you fulfill all the conditions of Saraswat Bank Personal Loan, then you can apply for this loan online and offline. Information about the process of applying is given here.

Saraswat Bank Personal Loan Apply Online

• To apply online, you must first visit the official website of Saraswat Bank, saraswatbank.com .
• On the home page of the website, the option of Retail loans will appear in the option of Personal, click on it.
• On the next page, you will see the option of personal loan , click on it.

• On the next page, all the information related to personal loan will come in front of you.
• To apply, you will see the option of Apply now on this page, click on it.
• A form will open in front of you, enter the requested information in it and submit the form.
• After that the bank will contact you and the loan process will be issued further.

How to apply offline?

• To apply offline, you have to go to your nearest Saraswat Bank branch.
• You have to contact the bank employee by going to the bank branch.
• The bank employee will provide you all the information related to personal loan.
• Your documents will be verified then you will have to fill a form.
• Attach the documents with the form and submit it to the bank.
• In this way your offline application will be done.
• If you fulfill all the conditions of the personal loan of the bank, then the loan amount will be transferred to your bank account.

Saraswat Bank Personal Loan EMI Calculator

Before applying for Saraswat Bank Personal Loan, you should calculate the EMI (Equated Monthly Installment) of your loan so that you can get an idea of ​​how much installment you will have to pay at the time of loan repayment.

.ou can calculate the EMI of your loan with the help of Personal Loan EMI Calculator by visiting the official website of the bank. The EMI of the loan mainly depends on the loan amount, interest rate and loan tenure. If you apply for that loan without calculating the EMI of your loan, then you may have to face problems at the time of loan repayment.

Saraswat Bank Customer Care Number

If you have any other type of information regarding this loan, then you can get information by calling on Saraswat Bank Customer Care Number.

• Toll Free: 1800229999/ 18002665555

Conclusion:

In this article, we have provided you complete information about How to Get Saraswat Bank Personal Loan. Anyone can take advantage of Saraswat Bank Personal Loan.

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FAQs on Saraswat Bank Personal Loan