I recently referred by Friends to approach Saraswat Bank for Home Loan. But I got really horrible and worst experience while going through the all process with Saraswat Bank.
Believe me "Commitment & Integrity" are like dust words for this bank. Bank Manager confirmed me that the loan will be available to me with 10.00% floating rate after verification of my all documents. Even the confirmed to builder also on an telephonic call that aboutthis. When I asked for Sanction Letter(I was ready to pay amount for that), they told that it is there policy to allot sanction letter after only when, you will submit Original Agreement Letter. Meanwhile when I asked manager that I am proceeding ahead with only faith on your words, she given mouth commitment abut Saraswat market status and all commitments fulfillment towards the customers. And here it goes - It was really my mistake to have faith on their fraud words. Because when I was got Sanction Letter it was modified with 10.50% floating interest rate which was committed to me as 10.00%. In this 4 weeks time I was not approached SBI or other banks keeping faith on Sarswat resulted compulsory I have to take Home Loan from Saraswat Bank. When I asked to manager about this thing she telled that she is not aware why the words hs been bounced from Higher Management .
I will strongly recommend to all please avoid any type of banking with Saraswat as there is no "Commitment ad Integrity" associated with this bank by of any means. They will attract you by gentle guesture but will not fulfill their words at any cost.
Thanks.