Information only
Tamilnad Mercantile Bank (TMB) is a private sector bank in the Reserve Bank of India (RBI) list of banks. RBI lists its address as Thoothukudi, Tamil Nadu. The bank was registered on 11 May 1921 as Nadar Bank Limited and took its present name in 1962, according to published company histories. Its website describes a legacy since 1921. Its retail menu lists home, vehicle, personal and lifestyle, property and asset, and education loans. Its business menu lists MSME and business loans, traders and services loans, and sector-specific loans. This page is an information summary, not an offer, and it does not compare TMB with other lenders.
Loans it offers
Loans Tamilnad Mercantile Bank lists
| Loan | What to know |
|---|---|
| Home loans | Listed under personal banking. The property is the security. |
| Personal loans | Listed as a Personal and Lifestyle Loan, described by the bank as a loan without collateral. |
| Vehicle loans | Listed as Vehicle Loans. Ask the branch whether the vehicle you want to buy is covered. |
| Property and asset loans | Listed as Property and Asset Loan. Ask which assets the bank accepts as security. |
| Education loans | An education loan is listed under personal banking. |
| Business and MSME loans | Listed as MSME and Business Loans, described as credit for expansion and working capital, with a separate Traders and Services Loan. |
| Government and priority sector schemes | The business menu has a page for government and priority sector schemes. Ask the branch which schemes it currently runs. |
| Sector-specific loans | The page gives a doctor loan as its example, so professionals in some fields have a dedicated product. |
How these loans work, on LOANZ 360: home loans, personal loans, MSME loans, loans for professionals, education loans, agriculture loans. The bank also lists a Kisan Credit Card gold special loan in its agriculture section. The bank's own website is the record of its current products, eligibility and terms.
Key facts
| Fact | Detail |
|---|---|
| Regulator category | Private sector bank, as listed by RBI |
| Registered office (RBI listing) | Thoothukudi, Tamil Nadu |
| Registered on | 11 May 1921, as Nadar Bank Limited |
| Renamed | Tamilnad Mercantile Bank, 1962 |
| Stock exchange listing | Shares listed on 15 September 2022, following an initial public offer |
As of 8 November 2026, RBI lists Tamilnad Mercantile Bank as a private sector bank, and its website describes its history since 1921.
Before you apply
- Ask for the Key Fact Statement (KFS) and compare the annual percentage rate (APR) with other offers.
- Government and priority sector schemes carry their own eligibility rules. Ask the branch for the written criteria and any limit on security.
- Sector-specific loans such as the doctor loan expect proof of your qualification and practice. Keep registration and income papers ready.
- Check that the product name on your sanction letter matches the one you applied for.
Processing, foreclosure and penal charges are set by the lender. This helps avoid unnecessary credit enquiries; too many lender checks in a short time can lower your score. Checking your own score does not lower it. Compare published rates on interest rates.
Weigh offers using interest rates and the lenders list. The label on this page, lending partner or information only, is drawn by the site from live data. If the lender shows as information only, apply on its own website.
Last updated 12 Nov 2026