TMB Home Loan for NRI’s

Financing options that help NRIs achieve personal, investment, and business goals in India

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Loans against deposits and assets
held in India

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Home loans for purchase, construction, or renovation

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Personal and business-purpose loans for NRIs

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Simple documentation and digital-friendly servicing

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Overview

Tamilnad Mercantile Bank offers a comprehensive suite of loan products tailored for Non-Resident Indians (NRIs) who wish to invest, own property, or meet financial obligations in India

 
Product Highlights

NRI loans from TMB are designed to offer flexibility in repayment and security in lending. Customers can avail loans against NRE/NRO fixed deposits, purchase or construct residential property in India, or fund personal and business needs.

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Features and Benefits

To purchase land and construct House / Purchase a New House / New Flat / or the cost of extension / Renovation / Purchase of Old House / Flat / Takeover from other Banks/ FIs. Reimbursement of Investments already made by the borrower provided the Investment has taken place within
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Eligibility

TNon-Resident Indians (NRIs) holding Indian Passport or Persons of Indian origin (PIOs) holding foreign passport, singly or jointly or joint with Spouse or Close relatives of NRI applicant. 
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Interest & Fees

View RLLR based rates and MCLR Rates of Interest for other advances.

Overview

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.

Benchmark Lending Rate

Access the latest RLLR and MCLR benchmark lending rates effective from December 2025 and April 2026.

Rate of Interest on Personal / Inclusive / NRI Loan Products

View the latest RLLR-based interest rates applicable for Personal, Inclusive, and NRI loan products.

Rate of Interest on Corporate / Business Loan Products

View the latest RLLR and MCLR-based interest rates for Corporate and Business loan products.

Rate of Interest on Agri Loan Products

View the latest MCLR-based interest rates applicable for Agri loan products.

Penal Charge Details

Charge Details

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Parameters arrow_downwardPenal charges arrow_downward
Non submission / delayed submission of financial statement for renewal2% 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 statement1% p.a.

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.

Range & Mean of ROI & Estimated expenses considered for Annual Percentage Rate (APR)

Range(Minimum & Maximum) and Mean of ROI for the quarter ended March 2026:

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Loan Product (1) arrow_downwardRange of Rate of Interest arrow_downward Mean ROI (8) arrow_downward
 Minimum ROI (6)Maximum ROI (7) 
Home Loan7.90%11.20%8.73%
Car Loan9.50%10.60%9.57%
Loan against Property10.95%11.65%11.34%
Personal Loan13.65%14.40%14.21%
Education Loan11.30%14.15%11.64%

Estimated expenses considered for 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.

Estimated expenses considered for APR for the quarter ended March 2026:

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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.

S.No.Charges (excluding GST)Payable to the Bank - Onetime/RecurringPayable to the Bank - ChargesPayable to a third party through Bank - Onetime/RecurringPayable to a third party through Bank - Charges
1CIC Charges----Onetime₹45/- to ₹150/- + GST
2Proposal Processing ChargesOne time ----
 Home Loan 0.50% of the loan amount*  
 Others 1% of the loan amount*  
3Documentation ChargesOne time ----
 Home Loan Nil  
 Others § Upto ₹25.00 lakh – Nil  
   § Above ₹25.00 lakh and upto ₹1.00 crore – ₹1,500/-  
   § Above ₹1.00 crore – ₹10,000/-  
4Insurance Charges----RecurringActual charges
5NesL Charges----Onetime₹25/- + GST
6CERSAI Charges----Onetime₹100/- + GST

Illustration:

  • If the loan amount is ₹10.00 lakhs under Home loan category, then the Proposal Processing charges (0.50%) will be ₹5,000/- + GST
  • If the loan amount is ₹20.00 lakhs under Education loan category, then the Proposal Processing charges (1.00%) will be ₹20,000/- + GST
 

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 onwards8.25%

MCLR FOR THE PERIOD FROM 07.08.2026 to 06.09.2026

Tenor arrow_downwardMCLR for the period from 
07.07.2026 to 06.08.2026 07.08.2026 to 06.09.2026
Overnight7.70%7.70%
One Month MCLR7.70%7.70%
Three Month MCLR8.40%8.40%
Six Month MCLR8.95%8.95%
One Year MCLR9.35%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 SchemeROI - RLLR
(w.e.f - 07.06.2026)		Effective ROI
   MinimumMaximum
1TMB - Home Loan8.25%8.80%9.30%
2TMB - ELITE Home Loan8.25%7.90%8.45%
3TMB - Car8.25%9.50%11.15%
4TMB - Two Wheelers8.25%13.30%13.30%
5TMB - Personal8.25%12.75%14.90%
6TMB - LAP8.25%11.15%12.05%
7TMB - MINI LAP8.25%9.65%10.25%
8TMB - Education8.25%11.30%11.35%
9Jewel Loan - Overdraft8.25%11.75%11.75%
10Jewel Loan - 6 months8.25%11.75%11.75%
11Jewel Loan - 12 months8.25%11.75%11.75%
12Credit Card Advances8.25%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 SchemeROI - RLLR
(w.e.f - 07.06.26)		Effective ROI
   MinimumMaximum
1TMB - Traders & Services8.25%10.25%11.00%
2TMB - MSME Credit8.25%10.05%12.70%
3TMB - Vyapari8.25%10.00%12.20%
4TMB - Micro Entrepreneurs8.25%10.30%10.55%
5TMB - Pharma and Health Care +8.25%10.00%12.45%
6TMB - Channel Finance8.25%10.50%12.70%
7TMB - Vehicle8.25%10.30%11.05%
8TMBs Stand Up India Finance8.25%10.30%11.30%
9TMB - GST8.25%8.80%9.25%
10TMB - Easy Cash8.25%10.95%11.45%
11TMB - LAP8.25%11.00%11.00%
12TMB - MSME Easy Credit8.25%8.80%9.70%
13TMB - Green Energy8.25%9.80%12.20%
14TMB - Secured Overdraft8.25%10.30%12.20%
15TMB - Genset8.25%12.10%12.10%
16TMB - Rice Mill (MSME)8.25%8.60%10.05%
17TMB - Dhall Mill (MSME)8.25%9.30%12.45%
18Jewel Loan - IGLO - 6 month8.25%11.75%11.75%
19Jewel Loan - IGLO - 12 month8.25%11.75%11.75%
Key Loan/ WHR Loans - 6 months
Priority Sector other than Agri, Food & Agro Processing (MSE Advances)
iUnder NCMSL/ NBHC tie up8.25%8.30%11.10%
iiWithout NCMSL/ NBHC tie up8.25%8.30%11.20%
Non Priority
iUnder NCMSL/ NBHC tie up8.25%8.35%11.60%
iiWithout NCMSL/ NBHC tie up8.25%8.40%11.85%
Export Credit
1Pre-shipment Credit (upto 270 days) - Export8.25%8.80%11.20%
2Post 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 SchemeROI - MCLR 
(w.e.f 07.08.26)		Effective ROI
   MinimumMaximum
     
1TMB - LAP9.35%12.10%12.10%
2TMB - Mahalir9.35%11.55%11.55%
3TMB - IPO Finance9.35%13.00%13.00%
4TMB - Smart Business9.35%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 SchemeROI - MCLR 
(w.e.f 07.08.26)		Effective ROI
   MinimumMaximum
1TMB - Banana Cultivation under Tissue Culture9.35%11.40%13.30%
2TMB - Rice Mill9.35%9.60%11.70%
3TMB - Farm Credit9.35%10.65%12.80%
4TMB - Tractor / Agri Transport9.35%11.50%11.50%
5TMB - Solar Water Pumping9.35%11.55%12.30%
6Kisan Credit Card (KCC)9.35%10.60%10.60%
7Jewel Loan - Agri - 6 months8.95%10.55%10.55%
8Jewel Loan - Agri - 12 months 9.35%10.40%10.40%
 Key Loan / WHR Loans - 6 months
 Agriculture, Food & Agro Processing
iUnder NCMSL/ NBHC tie up8.95%9.00%11.50%
iiWithout NCMSL/ NBHC tie up8.95%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

search
Parameters arrow_downwardPenal charges arrow_downward
Non submission / delayed submission of financial statement for renewal2% 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 statement1% p.a.
Non submission / delayed submission of SOD and or QIS / FFR statements1% p.a.
Non-compliance of terms of sanction / any one of the condition within the stipulated period2% 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 sanction1% p.a.
MODTD registration is pending for more than 6 months from the date of disbursement1% p.a.
Any deviation from the financial covenants2% 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 yearAdditional charge of 1% p.a. for the devolved amount
For non-compliance of any of the critical sanctioned terms and condition2% 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 InterestMean ROI
(8)
Minimum ROI
(6)		Maximum ROI
(7)
Home Loan7.90%11.20%8.73%
Car Loan9.50%10.60%9.57%
Loan against Property10.95%11.65%11.34%
Personal Loan13.65%14.40%14.21%
Education Loan11.30%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 BankPayable to a third party through Bank
S.No.Charges (excluding GST)Onetime/ RecurringChargesOnetime/ RecurringCharges
1.CIC Charges----Onetime₹45/- to ₹150/- + GST
2.Proposal Processing ChargesOne time
Home loan0.50% of the loan amount*
Others1% of the loan amount*
----
3.Documentation chargesOne time
Home loanNil
Others§ Upto ₹25.00 lakh – Nil
§ Above ₹25.00 lakh and upto ₹1.00 crore: -₹1,500/-
§ For above ₹1.00 crore: ₹10,000/
----
4.Insurance charges----RecurringActual 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

It is a housing loan offered to Non Resident Indians for purchase or construction of residential property in India.

It is a housing loan offered to Non Resident Indians for purchase or construction of residential property in India.
Non Resident Indians and Persons of Indian Origin meeting the bank’s eligibility and regulatory criteria can apply.

Non Resident Indians and Persons of Indian Origin meeting the bank’s eligibility and regulatory criteria can apply.
Residential properties located in India that are permitted under FEMA regulations can be financed.

Residential properties located in India that are permitted under FEMA regulations can be financed.
Repayment is made through inward remittances or debits from permitted NRE or NRO accounts as per guidelines.

Repayment is made through inward remittances or debits from permitted NRE or NRO accounts as per guidelines.
Yes income employment and identity documents are required as part of loan assessment.

Yes income employment and identity documents are required as part of loan assessment.
It is a housing loan offered to Non Resident Indians for purchase or construction of residential property in India.

It is a housing loan offered to Non Resident Indians for purchase or construction of residential property in India.
Non Resident Indians and Persons of Indian Origin meeting the bank’s eligibility and regulatory criteria can apply.

Non Resident Indians and Persons of Indian Origin meeting the bank’s eligibility and regulatory criteria can apply.
Residential properties located in India that are permitted under FEMA regulations can be financed.

Residential properties located in India that are permitted under FEMA regulations can be financed.
Repayment is made through inward remittances or debits from permitted NRE or NRO accounts as per guidelines.

Repayment is made through inward remittances or debits from permitted NRE or NRO accounts as per guidelines.
Yes income employment and identity documents are required as part of loan assessment.

Yes income employment and identity documents are required as part of loan assessment.