Tamilnad Mercantile Bank Business Loan

Would you please give here information about the Business Loan Rate of various business loan schemes of Tamilnad Mercantile Bank ?

[shikha]

As you want I am here giving you information about the Business Loan Rate of various business loan schemes of Tamilnad Mercantile Bank.

Various Business Loan Rate(s):

Product / Scheme Name:
Rate of Interest (p.a.):

Banana Cultivation
11.90% / 13.40% / 14.15%

Channel Finance
13.15% / 14.15% / 16.15% / 21.15% / 23.15%

Easy Mortgage Loan
16.15%

Genset Finance
14.40%

Mahalir Loan
15.15% / 16.15%

Micro Entrepreneurs Scheme
10.90% / 11.40% / 12.40%

MSME Credit Scheme
12.90% / 13.15% / 13.40% / 13.65% / 13.90% / 14.15% / 14.65% / 15.15% / 15.65%

Pharma Trade Finance
12.40%

Rice Mill
11.15% / 11.65% / 15.90%

Tractor Loan
14.40%

Trader / Service Loan
13.40% / 13.90% / 14.40%

Vehicle Finance (Commercial)
12.40% / 12.65% / 13.65% / 14.15% / 14.40%

Vehicle Finance (Corporates)
11.30% / 12.65%

Vehicle Finance (Educational Institutions)
11.15% / 11.40% / 12.65%

For your idea I am here giving you some detail about the Trader / Service Loan.

Trader / Service Loan:

For construction of shop / godown / office building

Eligibility
Any Individual, Proprietary concern or a Partnership firm engaged in trading of any commodity .

Loan Quantum
Up to Rs. 25 Lakhs.

Margin
WCTL / WCDL / OD (WC) - Nil
TL / DL - 20%


Contact :
Tamilnad mercantile bank
180 0425 0426