TMB Pensioner Loan
TMB Pensioner Loan offers secure and convenient financing for retired individuals who depend on pension income
Easy and accessible loan designed for pensioners
Comfortable repayment options suited for retirement income
Transparent processing with minimal documentation
Supports medical, personal, and family-related needs
Overview
TMB Pensioner Loan provides quick access to funds for retired individuals who need financial support during their post-retirement years
Product Highlights
This loan is structured to suit pension-based income patterns and includes clear repayment options, minimal paperwork, and competitive interest benefits. Applicants can choose EMI plans that align with their monthly income
Features and Benefits
Customers enjoy flexible tenures, straightforward servicing, and transparent documentation requirements. The loan provides nomination facilities, digital access to repayment details, and predictable EMI structures
Eligibility
Eligibility is based on pension income, repayment capacity, age, and credit assessment. Regular pensioners and family pensioners receiving pension through TMB may apply
Eligibility & loan parameters
Clear eligibility criteria, repayment tenure, and collateral requirements for salaried individuals
Loan eligibility & terms
| Parameter | Details |
|---|---|
| Eligible Applicants | Employees of Central / State Government Organizations, Public Sector Undertakings (PSUs), and Banks |
| Pension Requirement | Applicants must receive their pension through Tamilnad Mercantile Bank branches |
| Loan Margin | 5% |
| Loan Tenure | 1 Year |
| Interest Payment | Interest to be paid upfront / immediately |
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
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Monthly EMI
₹ 875
Your loan amount
₹ 10,000
Total interest payable
₹ 494
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Personal Loan
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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
