The invention relates to a process for simultaneously extracting pigments, saponins and polysaccharides of sapindus, and preparation and application of the saponins of the sapindus, and belongs to the technical field of medicine and chemical engineering. The process includes extracting total extracts of the sapindus from dry fruit peel of the sapindus by the aid of a decocting method, dissolving the total extracts in water to obtain samples, feeding the samples to macroporous adsorption resin, eluting the macroporous adsorption resin by distilled water at first, collecting eluent, removing proteins by the aid of a dialysis method, and concentrating and drying the eluent to obtain polysaccharide extracts of the sapindus; eluting the macroporous adsorption resin with 4-5 retention volumes by the aid of 40% ethanol, then eluting the macroporous adsorption resin by the aid of 80% ethanol, collecting eluent and concentrating and drying the eluent to obtain saponins extracts of the sapindus; eluting the macroporous adsorption resin by the aid of 95% ethanol, collecting eluent and concentrating and drying the eluent to obtain pigment extracts of the sapindus. Active dry yeast is inoculated in the saponins extracts of the sapindus after the saponins extracts of the sapindus are dissolved in water, then the saponins extracts of the sapindus are fermented and are concentrated and dried to obtain the saponins of the sapindus. The process, the preparation and the application have the advantages of simplicity in preparation method, low cost, one-step reaction, environmental protection, high efficiency and easiness in popularization and application.