Saraswat Bank Home Loan Interest Rate – Complete Guide & EMI Tips

Key Takeaways 

• Saraswat Bank loan interest rate for home loans starts from 7.50% p.a. to 8.90% p.a., based on CIBIL score and credit profile.
   
• Women borrowers may receive a 0.05% concession under priority sector lending.
   
• Saraswat Bank home loan interest rate for women, Saraswat Bank home loan interest rate for senior citizens, and other concessional slabs depend on the borrower's profile and current PLR (15.60%).

“Do you dream of owning a home? You can turn your dream of owning a home into reality with a Saraswat Bank home loan. Saraswat Bank’s flagship home loan, Saraswat Home Plus, offers floating interest rates that usually range from 7.50% p.a. to 8.90% p.a., linked to the bank’s Prime Lending Rate (PLR).”

A home loan interest rate is the cost of borrowing money from a bank for buying a house, like a rental fee on borrowed funds. Assume paying ₹7.50 for every ₹100 you borrowed in a year. That’s your interest cost.

If I borrow ₹50 lakh at an interest rate of 7.50% p.a., my monthly EMI will be higher than at 7.00%. Over 20 years, this percentage has impacted my total payout significantly, which is often lakhs of rupees more. 

Types of Home Loans Offered by Saraswat Bank 

Here are major home loan options, each with its own interest rate structure: 

* Actual rate depends on credit score and profile. Women may get a concession.

Bonus Tip: RBI recently cut the repo rate by 25 bps in December 2025. This can make bank lending rates cheaper soon, potentially lowering EMIs.

Saraswat Bank Home Loan Processing Fees & Charges 

I always check the applicable fees and charges to avoid surprises later before applying for a home loan. Saraswat Bank clearly defines its home loan charges on its official platform:

These charges may vary depending on the loan scheme, property type, and borrower profile. 

How to Apply for Saraswat Bank Home Loan?

The following steps explain how to apply for a Saraswat Bank Home Loan:

1. Visit the official Saraswat Bank website to check home loan eligibility criteria and interest rates.
2. Submit your basic details through the online enquiry form or visit your nearest Saraswat Bank branch.
3. Collect and submit all required documents, including identity proof, income proof, and property-related papers.
4. Saraswat Bank verifies your submitted Saraswat Bank home loan documents required and assesses your credit profile and repayment capacity.
5. Saraswat Bank issues a loan sanction letter that mentions the approved loan amount, applicable interest rate, tenure, and terms.
6. Sign the loan agreement and submit the original property Saraswat Bank home loan documents required for legal verification.
7. After successful verification, the loan amount is disbursed based on the construction stage or property purchase agreement.

This step-by-step process helps you stay informed at every stage and ensures a smooth home loan experience with Saraswat Bank.

Conclusion 

The Saraswat Bank home loan interest rate details help you choose the right plan and manage your finances wisely. Use official tools and documents and compare EMIs before making a decision. If this information helped you, check your eligibility online today.

FAQs Related to Saraswat Bank Home Loan Interest Rates

What are the home loan interest rates offered by Saraswat Bank, including the Prime Lending Rate (PLR) and the effective lending rate?

Saraswat Bank offers home loans at floating interest rates linked to its Prime Lending Rate (PLR) of 15.60%. The effective home loan interest rate generally starts from around 7.35% p.a. and can go up to about 9.10% p.a. based on the borrower's profile and CIBIL score.

Which bank is better for a home loan, SBI or Saraswat Bank?

Both banks are good options, but the better choice depends on your profile. SBI suits borrowers who want nationwide reach, longer tenures, and widely benchmarked rates. Saraswat Bank suits borrowers who prefer personalised service, competitive floating rates, and quicker branch-level support. Compare interest rates, fees, and service quality to make a better decision.

How does a Saraswat Bank home loan interest rate actually work?

Saraswat Bank home loans work on a floating interest rate linked to the bank’s Prime Lending Rate (PLR). The bank applies a margin based on your credit score and loan profile, which determines your final interest rate. When the PLR changes, your home loan interest rate and EMI may also change.

How much can you save with a Saraswat Bank OD Home Loan compared to a regular home loan interest rate?

Interest is charged only on the outstanding balance after adjusting surplus funds in the linked account with a Saraswat Bank OD home loan. This can help you save a significant amount on interest over time compared to a regular home loan, especially if you maintain surplus cash regularly.

 How is the Saraswat Bank home loan interest rate calculator useful?

Saraswat Bank Home Loan interest rate calculator helps estimate your EMI based on interest rate, loan amount, and tenure before you apply. Saraswat Bank’s official EMI calculator lets you try scenarios online.
 

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About the Author

LoansJagat Team

‘Simplify Finance for Everyone.’ This is the common goal of our team, as we try to explain any topic with relatable examples. From personal to business finance, managing EMIs to becoming debt-free, we do extensive research on each and every parameter, so you don’t have to. Scroll up and have a look at what 15+ years of experience in the BFSI sector looks like.