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Frequently Asked Questions

Looking for more Info? Here are some things we commonly get asked.

General Questions About Loan

A Loan against Property is a secured loan availed against a commercial or residential property kept as collateral with the lender. As the funds come with no end usage restriction, borrowers can utilise the funds for various purposes such as business expansion, wedding, child’s education, etc. Check out these features of a Loan against Property from Saarebank. LTV of the Property Loan is 75% and 90% of the current market value of the mortgaged property. Comes with flexible repayment tenure up to 20 years... Funds up to Rs. 3.5 Crore are available. Simple and easy-to-meet eligibility criteria.
When taking a Loan against Property, it is essential to insure the property being mortgaged. The insurance cover should cover damages caused by fire and such calamities and must be valid throughout the loan tenure. Every borrower has to submit a proof of the insurance policy annually or when needed. The reason why you need a home mortgage loan insurance policy is the approval of your application. You can also enjoy the benefit of loan mortgage insurance tax-deductible. Understand everything about what a Loan against Property or LAP is carefully before applying. The procedure of how to use a Property Loan is made online for your convenience.
A home loan, as the name suggests, is a financing solution that allows you to borrow funds to purchase a property at a predetermined rate of interest and repayment tenor. You then repay the amount through EMIs, and the lender, which can be a bank or another financial institution, retains ownership of the property till you pay the entire sum owed. While home loans are typically intended for the purchase and/or construction of a property, some solutions also cater to renovation and repair. Saarebank offers high-value loans at competitive interest rates, with the option of flexible repayment tenors extending up to 30 years
As per RBI guidelines, no lender is permitted to offer 100% home financing. You need to make a down payment amounting to 10-20% of the property’s purchase price. Typically, you can obtain up to 80% housing loan financing for your property.
Saarebank requires you to have a minimum net monthly income of Rs.25,000 to Rs.30,000 in order to get a housing loan. In places such as Delhi, Gurugram, Nodia, and Delhi NCR your monthly salary should be at least Rs.30,000. In cities such as Bangalore, Chennai, Hyderabad, and Goa, you must earn at least Rs.25,000 per month.
The documents required for a Home Loan from Saarebank include: KYC Documents Identity proof Photograph Form 16/Latest salary slips Bank account statements of the last 6 months Proof of business continuity (for businesspersons, self-employed)
Both types of home loans have their pros and cons. With a fixed-rate home loan, the interest rate remains constant through the tenor, which allows you to forecast EMIs. Pick it when home loan interest rates are low. For floating rate home loans, the interest rate alters basis economic changes and RBI policy decisions. Choose this variant when you expect rates to reduce in the time to come. Additionally, the RBI mandates that you do not need to pay any prepayment or foreclosure charges if you’re an individual borrowing a floating rate home loan.
If you are a budding entrepreneur and need finance to meet the expenses of your working capital, you can get a small business funding of up to Rs.45 lakh based on your eligibility. Saarebank offers collateral-free funds to small businesses at affordable rates and simple terms. Our business loans come with additional benefits, such as the Flexi facility that lets you withdraw as many times as per your needs from the total sanctioned limit.
A business loan is an unsecured form of credit designed to cover various expenditures in a business. Borrowers need not mortgage any asset to avail funds. Saarebank offers loans up to Rs.45 lakh, against simple business loan eligibility criteria and basic documentation. Once approved, you get the amount disbursed within a working day.
To be eligible for a business loan, the applicant must own a business running for at least 3 years and have a good CIBIL score. Also, a good business loan turnover ratio gives a positive reflection of business growth and profitability, making it a good profile for a business loan.
Loan against Securities (LAS) is a facility offered against pledge / lien of marketable securities. Approved list of such securities and the respective Loan to Value % (LTV %) may vary from lender to lender.

● Wide range of approved securities
● Minimal Documentation Quick processing
● Ease of drawing funds
● No prepayment charges
● Dedicated Relationship Manager (RM)
● Competitive interest rates

Saarebank offers LAS facility as an Overdraft (OD) / Line of credit (LOC) currently. It provides flexibility of drawing funds and making repayments as per the requirement of the customer.
● Identity and Address
● Proof of Bank and Demat Account
● Latest Demat / Mutual Fund Holding Statement
● Latest Form 16 / Salary Certificate / ITR / Audited P&L and Balance Sheet*
A working capital loan is a credit facility that helps in financing the daily operations or short-term needs of a business, like raw material procurement, inventory purchase, staff salaries, etc. Saarebank offers an instant working capital loan up to Rs.45 lakh that comes with quick approval in just 24 hours*. With easy-to-meet eligibility criteria and minimal paperwork, this business capital funding solution offers various attractive benefits such as collateral-free credit, Flexi facility and doorstep document collection facility.
To avail a fast working capital loan for a new business in India, you need to meet these simple eligibility criteria:
● Age between 24 to 70 years*
● (*Age should be 70 years at loan maturity.)
● A minimum of 3 years of business vintage

The process to apply for the loan is simple:
The process to apply for capital finance is simple.
● Fill up the online application form of working capital loan to apply.
● Submit all the relevant documents to complete the process.
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Saarebank provide you one-stop solutions for all your financial needs. Right from Investment products like Mutual Funds, Insurance, FD, real estate to loans products like home loans, personal loans, loan against property, working capital loan, education loans, loan against securities, & more loans, we have a wide range of products to cater to your needs.

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