Saraswat Bank Home Loan
Owning a home becomes easier and more accessible with Saraswat Bank’s low-interest home loan offers! Starting at 7.50% per annum, the bank’s rate of interest is pretty competitive in the home loan market. Loans are offered for a maximum duration of 20 years to both salaried and self-employed loan applicants.
The processing fee charged on the Saraswat Bank home loan starts at Rs. 2,500 + taxes for a loan amount up to Rs. 35 lakh (for salaried employees). For self-employed professionals, the home loan processing fee is 0.20% without insurance and Rs. 7,500 + taxes with insurance. The table below shares some of the key features of home loans provided by the bank.
Saraswat Bank Home Loan EMI Calculator
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Saraswat Bank Home Loan Key Highlights
Get the lowest interest rates with Saraswat Bank Home Loan
| Loan Amount | Up to a maximum of Rs. 3 crore per individual applicant |
|---|---|
| Rate of Interest | 7.50% per annum onwards |
| RPLR | |
| Processing Fee |
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| Maximum Tenure for Repayment | Up to a max of 20 years (including moratorium period) |
| Penal Rate of Interest | |
| Rate Packages | Floating |
| Charges for Prepayment/Foreclosure | Prepayment charges are levied |
Saraswat Bank Home Loan Interest Rates in 2025
The rate of interest on all home loans sanctioned by Saraswat Bank ranges from 7.50% per annum to 8.90% per annum. Please note that the Saraswat Bank home loan interest rate is likely to vary based on the applicant's CIBIL score.
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Saraswat Home Plus | 7.50% p.a. - 8.90% p.a. |
| Women loan applicants are eligible to be classified as Priority Sector Lending | 0.05% concession |
| Top-Up Loan | Fixed at 0.75% p.a. |
Interest rates were last updated on 22nd July 2025
Saraswat Bank Home Loan Eligibility Criteria
Every bank in India defines a set of requirements that all home loan applicants must meet before they can be considered fit for loan sanction. It is essential to meet the specific criteria to receive the required loan amount. Saraswat Bank also specifies some prerequisites for its home loan borrowers. The table below presents the Saraswat Bank home loan eligibility criteria for better understanding:
| Eligibility Parameters | For Salaried Individuals | For Self-Employed Individuals |
|---|---|---|
| Age Range (in years) | 23-65 years | 23-65 years |
| Nationality | Resident Indian | Resident Indian |
| Minimum Income Earned | Minimum Rs. 30,000 per month | Minimum Rs. 30,000 per month |
Saraswat Bank Home Loan Processing Fee and Charges
Saraswat Bank charges its home loan applicants a minimum processing fee to process the loan application and sanction the loan amount. The Saraswat Bank home loan processing fee covers the administrative charges and other expenses associated with processing the loan application. These are tabulated below for your reference:
| Processing Fee | For Salaried Employees:
For Self-E |
|---|---|
| Charges for CIBIL, FI, CERSAI | None |
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Saraswat Bank Home Finance Schemes and Top Plans
To meet the diverse needs of its customers and their specific home requirements, Saraswat Bank offers borrowers a range of home loan options. Some of these are shared below for your better understanding with their prominent features.
Saraswat Home Plus
- For home construction, purchase of an under-construction/ready-built flat/house/resale flat
- To take over home loans from other banks/NBFCs
- A total of Rs. 3 crore per individual home loan applicant
Sarawat Bank Home Loan Top Up
- For repaying any debt undertaken for home renovations/repairs/extensions
- A top-up loan of up to Rs. 10 lakhs is available for a maximum duration of 17 years
- Fixed rate of interest at 8.50% per annum
Vastu Siddhi Housing Loan
- Loan amount for building one's own house, buying a read-built house or flat, and taking over home loans from other banks and NBFCs
- A total of Rs. 1.4 crore per beneficiary per dwelling unit
- Vastu Siddhi customers are offered a pre-sanction credit card up to a maximum limit of Rs. 5 lakhs
Note: All of the above home loan plans are made available to applicants solely at the discretion of Saraswat Bank Home Loan, taking into consideration the earning and repayment capacity of the applicant.
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Find Saraswat Bank Home Loan Offices Near You
The bank has physical offices nationwide, and you can locate a branch near you to apply for a home loan. However, the procedure can be rather cumbersome and tiring, involving multiple visits to the bank branch until the loan amount is sanctioned.
A relatively easier and faster alternative is applying for a home loan online on the BASIC Home Loan website. Moreover, our team is available to provide comprehensive professional guidance throughout the loan application process.
For the latest information on home loans, eligibility criteria, rate of interest, and documentation, please visit the official website of Saraswat Bank.
FAQs
Improving your credit score is the surest way to enhance your eligibility for a home loan. Additionally, work on reducing any existing debt and increasing your income.
No, a loan applicant doesn't need to have already chosen the property before applying for the home loan. You can always apply for pre-approval and get your eligibility evaluated by the bank.
Some of the key factors that help decide the rate of interest of the Saraswat Bank home loans are:
Amount of loan sanctioned
- The credit score of the borrower
- Loan tenure
- Policy of the bank
- Overall market conditions
Of course! It is the easiest way to apply for a home loan. You can calculate the EMI payable on https://www.basichomeloan.com/emi and then apply for the loan on the BASIC website.
All salaried employees applying for home loans with Saraswat Bank must submit proof of a minimum monthly income of Rs. 30,000.
Saraswat Bank generally requires home loan applicants to have a minimum credit score of 750 or higher to obtain the best interest rate on the loan amount.