Saraswat Bank Home Loan Interest Rate
Known for its customer-centric approach and competitive financial services, Saraswat Bank is one of India’s leading urban co-operative banks. Availing a home loan from Saraswat Bank offers several advantages, including attractive interest rates, minimal processing fees, and flexible repayment options. Saraswat Bank home loan interest rate starts at a nominal 7.50% per annum and can be availed for a repayment period of up to 20 years.
Saraswat Bank Home Loan EMI Calculator
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Saraswat Bank Home Loan Key Highlights
| Amount of Loan | Up to a maximum of Rs. 3 crore per individual applicant |
|---|---|
| Rate of Interest | 7.50% per annum onwards |
| Processing Fees |
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| Max Tenure for Loan Repayment | Up to a max of 20 years (including moratorium period) |
Saraswat Bank Home Loan Interest Rates in 2025
The affordable home loan interest rate of Saraswat Bank, starting at 7.50% per annum, makes it one of the most convenient options for home buyers to arrange for funds to buy their dream home. Depending on their eligibility, homebuyers can avail a loan amount of up to Rs. 3 crores from Saraswat Bank.
Have a look at the table below to understand the Saraswat Bank home loan interest rate for 2025 in detail:
| Loan Category | Rate of Interest on Home Loan |
|---|---|
| Salaried Applicants | 7.50% - 8.90% per annum |
| Self-Employed Applicants | 7.50% - 8.90% per annum |
Standard Home Loan Rates of Interest for Salaried and Self-Employed Applicants
Repo Linked Lending Rate (RLLR)
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loan | 7.50% - 8.90% per annum |
Saraswat Bank Home Plus Loan Interest Rates
| Loan Slab | Rate of Interest on Home Loan (p.a.) |
|---|---|
| All Loans | 7.50% p.a. - 8.90% p.a. |
Top-Up Loans Interest Rates
| Loan Category | Rate of Interest on Home Loan (p.a.) |
|---|---|
| Top-Up for Existing Customers | 0.75% p.a. more than Home Plus Loan Interest Rate |
Interest rates were last updated on 14th August 2025
Saraswat Bank Home Loan Interest Rates for All Schemes in India
Saraswat Bank offers a range of home loan schemes with competitive interest rates tailored to suit different borrower needs. Whether you're a salaried professional, self-employed individual, or NRI, the bank provides flexible options with attractive rates. Below is a detailed overview of Saraswat Bank's home loan interest rates across all its schemes in India.
| Saraswat Bank Home Loan Schemes | Rates of Interest for Each Plan |
|---|---|
| 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 | 0.75% p.a. more than Home Plus Loan Interest Rate |
Saraswat Bank Home Loan Interest Rates for Balance Transfer, Top Up, and Overdraft
To make the whole home loan experience a convenient journey for the potential borrowers, Saraswat Bank offers 3 excellent financial options:
Saraswat Bank Home Finance Home Loan Balance Transfer
The Saraswat Bank balance transfer option lets you refinance your existing home loan from another lender to Saraswat Bank at significantly lower interest rates. Interest on balance transfers begins from approximately 7.50% p.a. to around 8.60%–9.20%, depending on your credit score and loan amount.
Saraswat Bank Home Finance Home Loan Top-Up
Existing Saraswat Bank borrowers can apply for a top‑up loan to access extra funding at an attractive rate. The interest rate is typically fixed at 0.75% above the prevailing Saraswat Home Plus rate, which currently means around 8.25%–9.65%, based on the underlying floating rate (currently 7.50%–8.90%).
Saraswat Bank Home Finance Home Loan Overdraft Option
The Saraswat Bank's loan overdraft facility is a convenient way to link your loan account with a savings or current account, allowing balances to offset interest and providing flexibility to withdraw when needed. The interest rate for Saraswat home loan overdraft starts at 7.50% p.a.
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Compare Saraswat Bank Home Loan Interest Rate with Top Banks
When compared to top banks in India, Saraswat Bank home loan interest rates are highly competitive, starting as low as 7.50% p.a. While leading private and public sector banks may offer similar rates, Saraswat Bank stands out with lower processing fees and a flexible, borrower-friendly term.
The table below can be used for your reference to compare Saraswat Bank housing loan interest rates with the other top 5 financial service providers:
| Bank/NBFC | Rate of Interest on Home Loan | Processing Fee |
|---|---|---|
| Saraswat Bank Home Finance | 7.50% p.a. onwards | Rs. 2,500 - Rs. 7,500 (taxes additional) for salaried applicants | With no insurance or Rs. 7,500 (whichever is higher) | With insurance—Rs. 7,500 + taxes |
| UCO Bank Home Finance | 7.50% p.a. onwards | 0.5% of the loan amount (Min. Rs. 1,500/-, Max. Rs. 15,000/-) |
| Karnataka Bank Home Finance | 8.19% p.a. onwards | 0.50% - 2.00% |
| PNB Housing | 8.25% p.a. onwards | 0.35% (Maximum Rs. 15,000) |
| Canara Bank Home Finance | 7.40% p.a. onwards | 0.50% (Max. Rs. 10,000/- + GST) |
Saraswat Bank Home Loan Balance Transfer Interest Rates
By refinancing your existing loan, you can enjoy reduced processing charges, customized repayment tenures, and improved cost efficiency over the long term. All this can be done by opting for the Saraswat Bank home loan balance transfer scheme.
Saraswat Bank Home Loan Balance Transfer interest rate starts at 7.50% per annum. The following steps can help you shift your existing loan balance to Saraswat Bank:
- Firstly, visit the BASIC Home Loan website and go to the Repay Right section - https://www.basichomeloan.com/repay-right.
- Fill in the required details in the online form displayed on the screen.
- Click ‘Next’ to proceed to the next page.
- You will then be able to see the savings you make with the Saraswat Bank Home Loan Balance Transfer option.
- Another easier option is to approach the BASIC Home Loan team for help in applying for a Saraswat Bank housing loan.
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How to Calculate Saraswat Bank Home Loan Interest Rates?
To calculate Saraswat Bank home loan interest rates, factors like your credit score, loan amount, repayment tenure, and income profile are considered. Using an online home loan EMI calculator can help you estimate your interest and monthly payments easily.
The table given below will give you an idea of the monthly EMI installments for 10 to 30 years tenures:
Saraswat Bank Home Loan EMI Calculator 2025
| Loan Amount | Rate of Interest | EMI for 10-Year Loan Tenure | EMI for 20-Year Loan Tenure | EMI for 30-Year Loan Tenure |
|---|---|---|---|---|
| Rs. 10 lakh | 7.50% p.a. | Rs. 11,870 | Rs. 8,056 | Rs. 6,992 |
| Rs. 20 lakh | 7.50% p.a. | Rs. 23,740 | Rs. 16,112 | Rs 13,984 |
| Rs. 30 lakh | 7.50% p.a. | Rs. 35,611 | Rs. 24,168 | Rs. 20,976 |
| Rs. 40 lakh | 7.50% p.a. | Rs. 47,481 | Rs. 32,224 | Rs. 27,969 |
| Rs. 50 lakh | 7.50% p.a. | Rs. 59,351 | Rs. 40,280 | Rs. 34,961 |
| Rs. 60 lakh | 7.50% p.a. | Rs. 71,221 | Rs. 48,336 | Rs. 41,953 |
| Rs. 70 lakh | 7.50% p.a. | Rs. 83,091 | Rs. 56,392 | Rs. 48,945 |
| Rs. 80 lakh | 7.50% p.a. | Rs. 94,961 | Rs. 64,447 | Rs. 55,937 |
| Rs. 90 lakh | 7.50% p.a. | Rs. 1,06,832 | Rs. 72,503 | Rs. 62,929 |
| Rs. 1 crore | 7.50% p.a. | Rs. 1,18,702 | Rs. 80,559 | Rs. 69,921 |
The EMI figures shown above are just estimates, based on an interest rate of 7.50% per annum from Saraswat Bank. Actual amounts may vary depending on your loan tenure, interest rate fluctuations, and other terms set by the bank.
FAQ's
Interest rates under Saraswat Home Plus vary depending on your CIBIL score, typically ranging from approximately 7.50% to 8.90% p.a. for eligible borrowers. Lower scores attract higher rates within this band. A sliding scale applies, with customers demonstrating stronger credit receiving the most favorable rates.
Yes. Women applicants may be eligible for a 0.05% interest concession under Priority Sector Lending, provided they are sole or co-applicants and meet certain conditions (e.g., property ownership, loan amount limits).
The Balance Transfer facility uses the standard Home Plus rate applicable to your credit profile, meaning the same PLR‑linked floating rate band (approximately 7.50–8.90%) applies, depending on individual eligibility and profile.
Top‑up loans are offered at a fixed rate of 0.75% p.a. above your Saraswat Home Plus interest rate. For example, if your base rate is 7.50%, the top‑up rate becomes 8.25% p.a.
Saraswat Bank charges processing fees on home loans in the following manner:
- Salaried Applicants: Rs. 2,500 - Rs. 7,500 (taxes additional)
- With no insurance: 0.20% or Rs. 7,500 (whichever is higher)
- With insurance: Rs. 7,500 + taxes
Some of the key factors that influence the home loan interest rates offered by Saraswat Bank are:
- Your CIBIL or credit score,
- Loan amount and tenure,
- Borrower category (e.g., salaried, self-employed, women), and
- Bank policies and the underlying Prime Lending Rate (PLR)