TMB Doctor Loan
Current Accounts at Tamilnad Mercantile Bank are designed to meet the diverse operational needs of businesses, traders, institutions and professionals
Shishu, Kishore and Tarun loan variants to suit different business stages
Collateral-free funding for eligible applicants
Supports working capital and growth needs
Designed for micro units in manufacturing, trading and services
Overview
TMB offers Mudra loans under the Pradhan Mantri Mudra Yojana to provide financial assistance to micro and small entrepreneurs who require credit for business establishment, expansion or day-to-day operations
Product Highlights
The PMMY scheme supports small units involved in manufacturing, trading and service activities by offering tailored loan limits under Shishu, Kishore and Tarun categories. These loans help businesses purchase equipment, manage inventory, improve cash flow or fund growth opportunities
Features and Benefits
Borrowers benefit from collateral-free finance backed by government guidelines, making credit accessible to those who may not have traditional securities. The loan supports a wide range of legitimate business expenses, from purchasing raw materials and machinery to meeting working capital needs
Eligibility
PMMY loans are available to micro and small business owners including individuals, proprietary concerns, partnerships and small establishments engaged in manufacturing, trading or service activities
Loans and Advances Interest rate
TMB has been consistently offering competitive rate of interest for the past several years for the benefit of its borrowers. The rates are fixed for different products to offer the competitive rate of interest possible.
RLLR WITH EFFECT FROM 07.06.2026
| From June 07, 2026 onwards | 8.25% |
MCLR FOR THE PERIOD FROM 07.08.2026 to 06.09.2026
| Tenor | MCLR for the period from | |
|---|---|---|
| 07.07.2026 to 06.08.2026 | 07.08.2026 to 06.09.2026 | |
| Overnight | 7.70% | 7.70% |
| One Month MCLR | 7.70% | 7.70% |
| Three Month MCLR | 8.40% | 8.40% |
| Six Month MCLR | 8.95% | 8.95% |
| One Year MCLR | 9.35% | 9.35% |
Tamilnad Mercantile Bank Ltd., Head Office, Thoothukudi
Applicable ROI Minimum and Maximum for Investment Grade Loans
Retail / Personal Loan Products
| S. No. | Name of the Loan Scheme | ROI - RLLR (w.e.f - 07.06.2026) | Effective ROI | |
|---|---|---|---|---|
| Minimum | Maximum | |||
| 1 | TMB - Home Loan | 8.25% | 8.80% | 9.30% |
| 2 | TMB - ELITE Home Loan | 8.25% | 7.90% | 8.45% |
| 3 | TMB - Car | 8.25% | 9.50% | 11.15% |
| 4 | TMB - Two Wheelers | 8.25% | 13.30% | 13.30% |
| 5 | TMB - Personal | 8.25% | 12.75% | 14.90% |
| 6 | TMB - LAP | 8.25% | 11.15% | 12.05% |
| 7 | TMB - MINI LAP | 8.25% | 9.65% | 10.25% |
| 8 | TMB - Education | 8.25% | 11.30% | 11.35% |
| 9 | Jewel Loan - Overdraft | 8.25% | 11.75% | 11.75% |
| 10 | Jewel Loan - 6 months | 8.25% | 11.75% | 11.75% |
| 11 | Jewel Loan - 12 months | 8.25% | 11.75% | 11.75% |
| 12 | Credit Card Advances | 8.25% | 17.00% | 23.00% |
Note
1. The Spread on RLLR will vary depending upon the Credit Rating / Credit Score of the borrower.
2. For the current effective interest rate the borrower/ applicant has to contact the branch
Tamilnad Mercantile Bank Ltd., Head Office, Thoothukudi
Applicable ROI Minimum and Maximum for Investment Grade Loans
Business Loan Products
| S. No. | Name of the Loan Scheme | ROI - RLLR (w.e.f - 07.06.26) | Effective ROI | |
|---|---|---|---|---|
| Minimum | Maximum | |||
| 1 | TMB - Traders & Services | 8.25% | 10.25% | 11.00% |
| 2 | TMB - MSME Credit | 8.25% | 10.05% | 12.70% |
| 3 | TMB - Vyapari | 8.25% | 10.00% | 12.20% |
| 4 | TMB - Micro Entrepreneurs | 8.25% | 10.30% | 10.55% |
| 5 | TMB - Pharma and Health Care + | 8.25% | 10.00% | 12.45% |
| 6 | TMB - Channel Finance | 8.25% | 10.50% | 12.70% |
| 7 | TMB - Vehicle | 8.25% | 10.30% | 11.05% |
| 8 | TMBs Stand Up India Finance | 8.25% | 10.30% | 11.30% |
| 9 | TMB - GST | 8.25% | 8.80% | 9.25% |
| 10 | TMB - Easy Cash | 8.25% | 10.95% | 11.45% |
| 11 | TMB - LAP | 8.25% | 11.00% | 11.00% |
| 12 | TMB - MSME Easy Credit | 8.25% | 8.80% | 9.70% |
| 13 | TMB - Green Energy | 8.25% | 9.80% | 12.20% |
| 14 | TMB - Secured Overdraft | 8.25% | 10.30% | 12.20% |
| 15 | TMB - Genset | 8.25% | 12.10% | 12.10% |
| 16 | TMB - Rice Mill (MSME) | 8.25% | 8.60% | 10.05% |
| 17 | TMB - Dhall Mill (MSME) | 8.25% | 9.30% | 12.45% |
| 18 | Jewel Loan - IGLO - 6 month | 8.25% | 11.75% | 11.75% |
| 19 | Jewel Loan - IGLO - 12 month | 8.25% | 11.75% | 11.75% |
| Key Loan/ WHR Loans - 6 months | ||||
| Priority Sector other than Agri, Food & Agro Processing (MSE Advances) | ||||
| i | Under NCMSL/ NBHC tie up | 8.25% | 8.30% | 11.10% |
| ii | Without NCMSL/ NBHC tie up | 8.25% | 8.30% | 11.20% |
| Non Priority | ||||
| i | Under NCMSL/ NBHC tie up | 8.25% | 8.35% | 11.60% |
| ii | Without NCMSL/ NBHC tie up | 8.25% | 8.40% | 11.85% |
| Export Credit | ||||
| 1 | Pre-shipment Credit (upto 270 days) - Export | 8.25% | 8.80% | 11.20% |
| 2 | Post Shipment Export Credit (upto 180 days) | 8.25% | 8.80% | 11.20% |
Note
1. The Spread on RLLR will vary depending upon the Credit Rating / Credit Score of the borrower.
2. For the current effective interest rate the borrower/ applicant has to contact the branch
Tamilnad Mercantile Bank Ltd., Head Office, Thoothukudi
Applicable ROI Minimum and Maximum for Investment Grade Loans
Business Loan Products
| S. No. | Name of the Loan Scheme | ROI - MCLR (w.e.f 07.08.26) | Effective ROI | |
|---|---|---|---|---|
| Minimum | Maximum | |||
| 1 | TMB - LAP | 9.35% | 12.10% | 12.10% |
| 2 | TMB - Mahalir | 9.35% | 11.55% | 11.55% |
| 3 | TMB - IPO Finance | 9.35% | 13.00% | 13.00% |
| 4 | TMB - Smart Business | 9.35% | 9.85% | 11.35% |
Note
1. The Spread on MCLR will vary depending upon the Credit Rating of the borrower.
2. For the current effective interest rate the borrower/ applicant has to contact the branch
Tamilnad Mercantile Bank Ltd., Head Office, Thoothukudi
Applicable ROI Minimum and Maximum for Investment Grade Loans
AGRI Schemes
| S. No. | Name of the Loan Scheme | ROI - MCLR (w.e.f 07.08.26) | Effective ROI | |
|---|---|---|---|---|
| Minimum | Maximum | |||
| 1 | TMB - Banana Cultivation under Tissue Culture | 9.35% | 11.40% | 13.30% |
| 2 | TMB - Rice Mill | 9.35% | 9.60% | 11.70% |
| 3 | TMB - Farm Credit | 9.35% | 10.65% | 12.80% |
| 4 | TMB - Tractor / Agri Transport | 9.35% | 11.50% | 11.50% |
| 5 | TMB - Solar Water Pumping | 9.35% | 11.55% | 12.30% |
| 6 | Kisan Credit Card (KCC) | 9.35% | 10.60% | 10.60% |
| 7 | Jewel Loan - Agri - 6 months | 8.95% | 10.55% | 10.55% |
| 8 | Jewel Loan - Agri - 12 months | 9.35% | 10.40% | 10.40% |
| Key Loan / WHR Loans - 6 months | ||||
| Agriculture, Food & Agro Processing | ||||
| i | Under NCMSL/ NBHC tie up | 8.95% | 9.00% | 11.50% |
| ii | Without NCMSL/ NBHC tie up | 8.95% | 9.10% | 11.55% |
Note
1. The Spread on MCLR will vary depending upon the Credit Rating of the borrower
2. For the current effective interest rate the borrower/ applicant has to contact the branch
Penal Charge Details
| Parameters | Penal charges |
|---|---|
| Non submission / delayed submission of financial statement for renewal | 2% p.a. |
| Non submission / delayed submission of financial statement for renewal / review of internal rating (other than new venture) | 2% p.a. |
| Non submission / delayed submission of stock statement | 1% p.a. |
| Non submission / delayed submission of SOD and or QIS / FFR statements | 1% p.a. |
| Non-compliance of terms of sanction / any one of the condition within the stipulated period | 2% p.a. from the date of availment in the case of fresh credit limits and from the date of sanction in the case of existing credit limits |
| Delay in payment of interest / installment (for the default period) | 2% p.a. |
| Non-execution of documentation for more than 6 months from the date of sanction | 1% p.a. |
| MODTD registration is pending for more than 6 months from the date of disbursement | 1% p.a. |
| Any deviation from the financial covenants | 2% p.a. from the date of default till improvement at the discretion of the bank. |
| Devolvement in LC/BG is more than 5 instances in a year | Additional charge of 1% p.a. for the devolved amount |
| For non-compliance of any of the critical sanctioned terms and condition | 2% p.a. from the date of availment in case of fresh credit limits and from the date of sanction in the case of existing credit limits. |
Note:
Excluding priority sector loans up to Rs.25000/-
The overall penal charges charged to the borrower account does not exceed 2% at any point of time.
1. Range(Minimum & Maximum) and Mean of ROI for the quarter ended March 2026:
| Loan Product (1) | Range of Rate of Interest | Mean ROI (8) | |
|---|---|---|---|
| Minimum ROI (6) | Maximum ROI (7) | ||
| Home Loan | 7.90% | 11.20% | 8.73% |
| Car Loan | 9.50% | 10.60% | 9.57% |
| Loan against Property | 10.95% | 11.65% | 11.34% |
| Personal Loan | 13.65% | 14.40% | 14.21% |
| Education Loan | 11.30% | 14.15% | 11.64% |
2. Estimated expenses considered for Annual Percentage Rate (APR) for the quarter ended March 2026:
The following expenses are considered for arrival of cost of credit on a loan to an individual borrower for the loan categories viz., Home loan, Car loan, Loan against Property, Personal loan and Education loan.
| Payable to the Bank | Payable to a third party through Bank | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| S.No. | Charges (excluding GST) | Onetime/ Recurring | Charges | Onetime/ Recurring | Charges | ||||
| 1. | CIC Charges | -- | -- | Onetime | ₹45/- to ₹150/- + GST | ||||
| 2. | Proposal Processing Charges | One time |
| -- | -- | ||||
| 3. | Documentation charges | One time |
| -- | -- | ||||
| 4. | Insurance charges | -- | -- | Recurring | Actual charges | ||||
| 5. | NesL Charges | -- | -- | Onetime | ₹25/- + GST | ||||
| 6. | CERSAI Charges | -- | -- | One time | ₹100/- + GST | ||||
* Illustration:
a. If the loan amount is ₹10.00 lakhs under Home loan category, then the Proposal Processing charges (0.50%) will be ₹5,000/- + GST
b. If the loan amount is ₹20.00 lakhs under Education loan category, then the Proposal Processing charges (1.00%) will be ₹20,000/- + GST
Let's calculate your EMI
Provide your loan amount, tenure, and interest rate to calculate
your estimated EMI in seconds
Monthly EMI
₹ 875
Your loan amount
₹ 10,000
Total interest payable
₹ 494
Turn your plans into action,
apply for a TMB
Personal Loan
today!
Note: The EMI shown is indicative. Please contact your nearest TMB branch for exact loan details and applicable interest rates
Amortization Schedule
| Month | Principal | Interest | EMI | Balance | Loan paid to date |
|---|
Frequently Asked Questions
Find answers to the most common questions about eligibility, benefits, and
features of the TMB Royal Savings Bank Account
