TMB Super Education Loan
TMB Super Education Loan provides extended financial support for students who require higher loan amounts for their studies
Higher loan amounts for advanced study requirements
Flexible repayment options aligned to post-study income
Covers a wide range of academic and related expenses
Smooth documentation with dedicated branch support
Overview
TMB Super Education Loan supports students who need higher financial assistance for education in India or abroad. The scheme covers tuition fees, examination fees, travel expenses, books, equipment, and other approved educational requirements
Product Highlights
Customers benefit from higher loan eligibility based on course type, institution, and repayment capacity. The scheme supports professional, vocational, and postgraduate courses from recognised institutions
Features and Benefits
The loan includes flexible EMIs, structured repayment schedules beginning after the study period, and optional insurance facilitation. It covers multiple academic-related expenses and offers nomination facilities and digital servicing
Eligibility
Eligibility is determined based on confirmed admission to approved courses in recognised institutions. Students must apply with a co-applicant such as a parent or guardian
Eligibility & loan parameters
Clear criteria covering eligible courses, margin requirements, repayment timelines, and security
norms for postgraduate education loans
Loan eligibility & terms
| Category | Details |
|---|---|
| Loan Type | Term loan |
| Purpose | To meet educational expenses for Postgraduate (PG) courses in India and abroad |
| Minimum Loan Amount | Exceeding ₹10 Lakhs |
| Maximum Loan Amount | Up to ₹50 Lakhs |
Loan eligibility & terms
| Parameter | Details |
|---|---|
| Nationality | Indian National |
| Eligible Students | Students who have secured admission to PG courses |
| Eligible Institutions (India) | IIMs, IITs, IISc, XLRI, NIFT, IIITs, ISB, NITs, reputed medical institutions |
| Eligible Institutions (Abroad) | Well-ranked and reputed Foreign Universities |
| Eligible Courses | Postgraduate degree and professional programs |
Loan eligibility & terms
| Study Location | Margin |
|---|---|
| Study in India | 10% |
| Study Abroad | 20% |
Loan eligibility & terms
| Parameter | Details |
|---|---|
| Moratorium / Holiday Period | Course period + 1 year OR 6 months after getting a job, whichever is earlier |
| Repayment Tenure | Up to 10 years (including holiday period) |
| Repayment Mode | Equated Monthly Instalments (EMI) |
Loan eligibility & terms
| Parameter | Details |
|---|---|
| Security Coverage | Collateral covering 125% of the loan amount |
| Acceptable Security Types | Land / Building, Government Securities, Gold, Shares / Debentures, Mutual Fund Units, Bank Deposits in the name of Student / Parent(s) |
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
