TMB Pharma Finance Loan
A dedicated finance solution that supports healthcare practitioners, pharmacies and medical businesses with easy access to credit for operations, expansion and equipment needs
Ideal for pharmacies, clinics, diagnostic centres and medical distributors
Funds available for inventory, equipment and business expansion
Fast processing with simple evaluation norms
Flexible repayment plans aligned to business cash flow
Overview
The TMB Pharma and Health Care Loan is crafted to support healthcare professionals, pharmacies, medical stores, diagnostic centres and small to medium medical businesses in meeting their financial needs
Product Highlights
This loan offers a dependable financial foundation for both new and existing medical businesses. Borrowers can use the funds for purchasing medical equipment, stocking pharmaceuticals, upgrading clinics or meeting short-term cash flow requirements
Features and Benefits
Borrowers benefit from a structured loan offering tailored for the healthcare ecosystem. The facility supports easy purchase of essential equipment, enables bulk procurement of pharmaceuticals and allows clinics and diagnostic centres to enhance their service capability
Eligibility
This loan is open to pharmacies, clinics, diagnostic centres, medical equipment suppliers, drug distributors, and healthcare professionals such as doctors and paramedical practitioners
Eligibility & loan parameters
Flexible credit solutions for pharmacies, hospitals, clinics and healthcare professionals
Eligibility, Limits & Loan Structure
| Parameter | Details |
|---|---|
| Eligible Borrowers | Individuals, Joint Borrowers, Proprietary Concerns, Partnership Firms, LLPs, Limited Companies and Trusts |
| Pharma Segment Eligibility | Applicant must be a registered member of the Chemists and Druggists Association |
| Healthcare Segment Eligibility | Individual / Proprietor must be a Qualified Registered Medical Practitioner (Doctors, Physiotherapists, MBBS, MD, DM, MS, MCH, MDS, BDS, including Radiologists & Pathologists) |
| Hospitals / Other Entities | At least one Partner / Director / Trustee must be a Registered Medical Practitioner or the hospital should engage the services of a Registered Medical Practitioner |
| Nature of Facility | Cash Credit (CC), Overdraft (OD), Demand Loan (DL), Term Loan (TL) |
| Margin - Working Capital | Stock - 25% • Book Debts - 30% |
| Margin - Term Loan (Capex / Assets) | New / Imported / Reconditioned Equipment, Racks, New Vehicles - 25% • Indigenous Second-hand Equipment - 50% • Second-hand Vehicles - 50% • Building Construction - 25% • Interior Works - 40% • Purchase of Old Building - 50% |
| Repayment - Working Capital | Cash Credit / Overdraft - 1 year, renewable annually |
| Repayment - OD (Reducing Balance) | Fresh loans - up to 84 months, subject to annual review |
| Repayment - Demand Loan | Up to 35 months (EMI/MI) |
| Repayment - Term Loan | Up to 84 months (EMI/MI) excluding instalment holiday, if any |
| Primary Security | Working Capital - Stocks & Receivables • Term / Demand Loan - Assets acquired or created out of loan proceeds |
| Collateral - MSME Units | Loans up to ₹10 lakh - No collateral, covered under CGTMSE |
| Collateral - Higher Limits | Non-agricultural self-owned Land / House Plot / Building with value not less than 100% of the sanctioned limit |
| Construction Loans | Post-construction value of primary security must be not less than 133% of the loan amount |
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
Frequently Asked Questions
Find answers to the most common questions about eligibility, benefits, and
features of the TMB Royal Savings Bank Account
