If acid sodium bicarbonate applied with a q-tip, use extremely small amount sword oil, to make it a slight paste apply to the spot. Let sit so it can neutralize any acid. The sword oil should not be an issue to the Ph. Remove the paste by using oil/alchohol(as noted below) and a spray bottle with something to catch any run or rust that gets loose. Verify it is clean, if any loose particles are on the blade it will cause scratches. Oil the blade as normal once you are sure it is clean. Avoid the spot in normal wiping. Use microfiber and very gently apply oil to that spot. Check back in week or two and see if the rust has changed color, or expanded. Please note this is not professional advise only an opionion how I would go about it... use your best judgment in what to do. May also want to check the Saya for darkspots or if you feel anything rub when re sheathing. A few pics would also help.
Also for cleaning %99 isopropyl alchohol, microfiber, or a lense cloth like microdear.
P.S. per each iteration let the rust dry, do not want a damp area that will eventually cover the spot with oil over top. Will stop oxidation but any remains residue may continue to rust. The %99 isopropyl will help greatly, but better to be safe.