Saraswat Bank Home Loan
Saraswat Bank offers home loans of up to Rs.140 lakh (per dwelling unit) for a maximum tenure of 20 years at competitive rates starting from 7.50% p.a. Women applicants can enjoy a concession of 0.10% on the existing rate. The processing fee ranges from 0.30% to 0.50% depending on the loan amount.
Interest Rate | 7.50% p.a. to 8.90% p.a. |
PLR | 15.50% p.a. |
Processing Fees |
|
Loan Tenure | 20 Year |
Loan Amount | 140 Lakh |
Saraswat Bank Home Loan Schemes
- Vastu Siddhi Home Loan
- Competitive rates starting from 8.70% p.a.
- Loans of up to Rs.140 lakh
- Flexible tenures of up to 20 years
- Financing of up to 80% of the total property cost
Interest Rate | 7.50% p.a. to 8.90% p.a. |
Processing Fee | 0.30% to 0.50% depending on the loan amount |
- Special Scheme for Defense ForcesProcessing FeeRs.10,000 to Rs.20,000
- Specifically designed for defense personnel
- Competitive rates starting from 8.60% p.a.
- Loan can be used for personal expenses too
- Flexible tenures of up to 20 years
Interest Rate | 8.60% p.a. - 9.20% p.a11.00% to 11.50% p.a. (Fixed) |
Processing Fee | Rs.10,000 to Rs.20,000 |
Compare: Home Loan Interest Rate all Banks
Saraswat Bank Home Loan EMI Calculator
Your monthly instalment or EMI (Equated Monthly Instalment) depends on multiple factors, such as the loan amount, tenure, and interest rate. It's always advised that you calculate your EMI and processing fee beforehand so that you can manage your finances in a better way or compare the loan scheme with other banks' schemes.
You can use BankBazaar Saraswat Bank Home Loan EMI Calculator to calculate the monthly instalment. The process is relatively easy and hassle-free with a quick turnaround time. All you need to do is enter all the details of your loan, including the loan amount, interest rate, and tenure. For Saraswat Bank, you don't need to enter the processing fee details as it's already mentioned it would be either Rs.10,000 (for loans of up to Rs.50 lakh) or Rs.20,000 (for loans up to Rs.70 lakh) on the financing amount. Hit the button "calculate" to check your EMI.
This will be followed by an amortisation table giving you a complete breakdown of your payment schedule.
Saraswat Bank Home Loan Eligibility Criteria
Age | 23 years to 65 years |
Type of Employment | Salaried or self-employed or defense personnel |
Income Requirement | Minimum of Rs.30,000 per month |
Nationality | Resident Indian |
Work Experience | Minimum of 2 years |
Documents Required
For salaried
- Identity proof
- Residential address proof
- Last 3 months' salary slips
- Last 3 months' bank statements
- Latest photograph
- Property-related documents
For self-employed
- Identity proof
- Residential address proof
- Last 3 months' bank statements
- Last 3 years' profit and loss account and balance sheet
- Property-related documents
FAQs on Saraswat Bank Home Loan
- What other benefits can I get from Vastu Siddhi Home Loan?
With this scheme, you can be eligible for pre-sanctioned car loans with processing fee completely waived off. Also, all the new applicants of this scheme are eligible for a minimum housing loan of Rs.50 lakh.
- Can I get the benefits of PMAY scheme through Saraswat Bank?
Yes, you can get subsidy on interest as mentioned under the PMAY (Pradhan Mantri Yojana) scheme, provided you are eligible.
- Is there any way of waiving off the processing fee?
It's solely at the bank's discretion that whether your processing fee will be waived or not. However, processing fee won't be charged for loans of up to Rs.28 lakh.
- What's the maximum margin of financing?
You can get a maximum financing of 80% of the total property cost.
- Is there any specific terms and conditions or clause for loan for construction of house?
Yes, the cost of land should not exceed 65% of the total cost of the project. Also, the construction of the house should be completed within 24 Months.
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