🇮🇳 India

Saraswat Bank Last updated2026-05-28

Saraswat Bank EMI Calculator 2026 rates.

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Quick answer

Saraswat Bank home loan rate starts at 8.6% (typical 9.25%) as of 2026. A ₹50 lakh loan at 9.25% over 20 years = an EMI of approximately ₹45,793/month.

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EMI Calculator

Live

Loan Amount

₹

₹25.00 L

Interest Rate (p.a.)

Tenure (years)

Monthly EMI

₹21,696

/month

Total Interest

₹27.07 L

52% of total

Total Payable

₹52.07 L

over 20 years

Principal vs Interest Split

48% principal

52% interest

✨ Live · For home, personal, auto, education loans · Excludes processing fees

📊 Current rates

Saraswat Bank loan rates (May 2026)

🏠 Home Loan

8.6–11.5%

typical: 9.25% p.a.

💵 Personal Loan

11.5–18%

typical: 14% p.a.

🚗 Car Loan

9–13.5%

typical: 10.5% p.a.

💳 Processing Fee

0.5% of loan amount (capped at Rs. 15000)

🔁 Prepayment

Zero foreclosure charges on floating-rate home loans per RBI guidelines. 2-5% charges on fixed-rate, vehicle, and personal loans in early tenure, reducing over time.

About Saraswat Bank

Why choose Saraswat Bank?

Saraswat Co-operative Bank is India's largest urban cooperative bank with over a century of operations and a balance sheet exceeding Rs. 80,000 crore. Regulated by both the RBI and the Maharashtra State Cooperative Societies Act, it serves members and customers primarily across Maharashtra, Goa, Gujarat, Karnataka, and Madhya Pradesh. Its home loan rates are competitive with PSU banks.

🎯 Unique angle

Product highlights

✓ Maharashtra and Goa residents
✓ home loan borrowers
✓ salaried professionals
✓ small business owners

❓ Saraswat Bank FAQ

Common questions.

Who should apply for a Saraswat Bank loan?

Saraswat Bank is well-suited for residents of Maharashtra, Goa, Gujarat, Karnataka, and Madhya Pradesh seeking competitive home loans, vehicle loans, or business banking. Members benefit from preferential rates and dividends. Their long-standing local reputation is particularly valuable for property buyers in Mumbai-Pune corridor.

How does Saraswat Bank compare to nationalized banks?

Saraswat's home loan rates are typically within 10-25 basis points of SBI/BoB, while offering more personalized service due to smaller branch footprint. Deposits are insured up to Rs. 5 lakh per depositor under DICGC, same as commercial banks. They are regulated by RBI plus state cooperative law.

What is the eligibility for Saraswat Bank loans?

Age 21-65, minimum Rs. 25,000 monthly income for salaried, 3 years business vintage for self-employed. Property must be located in their service area (primarily Maharashtra, Goa, and adjoining states). CIBIL above 700 preferred. Becoming a nominal member is required for borrowers.

Is Saraswat Bank safe?

Yes, Saraswat Bank is one of India's strongest urban cooperative banks, rated AA+ by CRISIL, regulated by both RBI and the Maharashtra Cooperative Societies Act. Deposits are insured up to Rs. 5 lakh per depositor by DICGC. The bank has a 100+ year history with no payment defaults.

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