My friend applied for a Vastu Siddhi home loan in Saraswat Bank. His sister works in the bank so she suggested him to get a loan from there. He told me that the entire application process, processing of loan and disbursal was very smooth. I also had to get a home loan so I asked him about
Saraswat Bank housing loan interest rate.
He told me that
Saraswat Bank provides home loan starting from 8.60% to 9.40%which are correlated with its prime lending rate (PLR).
Saraswat Home Loan Interest Rate
Before I tell you about the interest rates in detail, let me tell you about Vastu Siddhi Home Loan purpose and eligibility.
Purpose:Building one's own house.
Acquiring a ready-built house, flat or resale flat.
For taking up mortgages from other financial firms or banks.
Professionals with a steady source of income, business owners, and salaried employees
Salaried employees must have a minimum of two years of verified service history.
Home Loan Interest Rate Saraswat Bank
This interest rate has come in effect from 21.12.2023
| Basis | Rate of Interest (PLR = 15.50 % p.a.) | |||
Priority Sector |
Branch Type |
Amt. Of Loan |
CIBIL Score |
Floating Rate |
Metro/Urban |
Up to 35.00 Lakhs |
750 and above |
8.60% (PLR – 6.90%) |
|
Semi-Urban / Rural |
Up to 25.00 Lakhs |
Less than 750 and -1/ 0 |
8.75% (PLR – 6.75%) |
|
Less than 700 |
8.75% (PLR – 6.75%) |
|||
Non-Priority Sector |
Up to Rs. 100 lakhs |
750 and above |
8.90% (PLR – 6.60%) |
|
Less than 750 and -1/ 0 |
9.10% (PLR – 6.40%) |
|||
Less than 700 |
9.40% (PLR – 6.10%) |
|||
Non-Priority Sector |
Above Rs. 100 Lakhs Up to Rs. 140 lakhs |
750 and above |
8.95% (PLR – 6.55%) |
|
Less than 750 and -1/ 0 |
9.20% (PLR – 6.30%) |
|||
Less than 700 |
9.40% (PLR – 6.10%) |
This is
Saraswat Bank home loan rate. I hope my answer helps you take a decision about getting a loan from Saraswat Bank.
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Authors Of The Question
What is Saraswat Bank Housing Loan Interest Rate?
Poorva
510 Views
1 Answers
11 months
2024-01-24T10:41:23+00:00 2024-01-24T10:41:24+00:00Comment
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