TMB Bank(Tamilnad Mercantile Bank Ltd)


  1. Should be an Indian National.
  2. Secured first class and wish for admissions in Professional/Technical/Other Courses of various studies.
  3. Secured admission to foreign University Institutions.
  4. Any Student who has attained the age of 18 years or Parent of the Student can avail the loan.
  1. Photocopies of relevant mark sheets
  2. Photocopies of National ID cards
  3. Admission paper from the institution
  4. Permanent address proof of student, parent and sponsor
  5. Income proofs of all the parties involved.
  1. Studies in India
  2. School education/Graduation/Post Graduation Courses.**
  3. Professional courses: Engineering, Medical, Agriculture, Veterinary, Law, Dental, Management, Computer etc.
  4. Courses like ICWA, CA, CFA etc
  5. Courses conducted by IIM, IIT, IISc, XLR1, NIFT etc.
  6. Courses offered in India by Reputed Foreign universities.                                                                         
  7. **When the age of the student is below 18, Loan may be sanctioned to his parents by complying the relevant condition mentioned further below.

Max. Rs. 10 Lakhs

1) Upto Rs. 4 Lakhs - BR + 3.50% (13.60% p.a.).

2) Above Rs. 4 Lakhs upto Rs. 7.50 Lakhs - BR + 3.50% (13.60% p.a.)*.

3) Above Rs. 7.50 Lakhs upto Rs. 20 Lakhs (With 100% Collateral Only) - BR + 3.00% (13.10% p.a.).

4) * Interest Rate Concession by 0.50% if covered by 100% and above collateral security.

5) Additional Incentive of 1% in R.O.I for servicing the interest during study and moratorium period.

6) Current Base Rate for Lending (BR) is 10.10% p.a.

Holiday/Moratorium Period:- Course period + 1 year after completing the course. If the student got employed within 1 year after completion of the course, the repayment should start immediately after the expiry of one month from the date of employment.

Maximum Repayment period of Loan:- The loan to be repaid in 5-7 years after commencement of repayment. If the student is not able to complete the course within the scheduled time extension of time for completion of course may be permitted for a maximum period of 2 years. If the student is not able to complete the course for reasons beyond his control, sanctioning authority may at his discretion consider such extensions as may be deemed necessary to complete the course

1.00% of Limit sanctioned without any maximum cap for studies abroad. No processing/upfront charges may be collected on educational loans for studies in India.

All the above Terms and Conditions are subject to change and sanctioning of the loans is at the sole discretion of the Bank. Goods & Service Tax (GST) on All Service Charges extra wherever applicable.

  1. Upto Rs. 4 Lakhs - Nil.
  2. Above Rs. 4 Lakhs - Study in India - 5%.
  3. Above Rs. 4 Lakhs - Study Abroad - 15%.
  1. Upto Rs. 4 Lakhs - No Security
  2. Above Rs. 4 Lakhs upto Rs. 7.50 Lakhs Suitable Third Party Guarantee
  3. Above Rs. 7.50 Lakhs and upto Rs. 20 Lakhs - 100% collateral in any of the form of Immovable property/NSC/Units of UTI/LIC policy/RBI Bonds or any transferable Government securities.
  1. Fee payable to College/School/Hostel.
  2. Examination/Library/Laboratory fee.
  3. Purchase of Books/Equipments/Instruments/Uniforms.
  4. Caution Deposit/Building Fund/Refundable Deposit supported by Institution Bills/Receipts.
  5. Travel expenses/passage money for studies abroad.
  6. Purchase of computers - essential for completion of the course.
  7. Any other expense required to complete the course - like study tours, project work, thesis etc.
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