Tamilnad Mercantile Bank Limited is a bank headquartered at Tuticorin, Tamil Nadu, India.

As you asking here I am telling Various Business Loan Rate info in Tamilnad Mercantile Bank

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

Banana Cultivation 11.30% / 12.30%

Channel Finance 13.05% / 14.05% / 15.05% / 15.80%

Easy Mortgage Loan 16.05%

Genset Finance 14.30%

Mahalir Loan 12.80% / 13.80%

Micro Entrepreneurs Scheme 10.80% / 11.30% / 12.30%

MSME Credit Scheme 12.80% / 13.05% / 13.30% / 13.55% / 13.80% /
14.05% / 14.55% / 15.05% / 15.55%

Pharma Trade Finance 12.30%

Rice Mill 11.25% / 11.75% / 16.00%

Tractor Loan 14.30%

Trader / Service Loan 12.80% / 13.30%

Vehicle Finance (Commercial) 12.30% / 12.55% / 13.55% / 14.05% / 14.30%

Vehicle Finance (Corporates) 11.20% / 12.55%

Vehicle Finance (Educational Institutions) 11.05% / 11.30% / 12.55%

Bank profile:

Type Private company

Industry Banking and Financial Services

Founded 11 May 1921

Headquarters Tuticorin, Tamil Nadu, India

Area served Worldwide

Key people HS Upendra Kamath

(MD & CEO)

Products Consumer banking, Corporate banking, Finance and Insurance,
Investment banking, Mortgage loans, Private banking, Wealth management

Revenue 3,252.17 crore (US$480 million) (2016)

Operating income 725.49 crore (US$110 million) (2016)

Net income 402.16 crore (US$60 million) (2016)

Total assets 35,266.31 crore (US$5.2 billion) (2016)

Total equity 2,941.67 crore (US$440 million) (2016)

Capital ratio 12.76% (2016)