Education and Career Forum

Respected Sir/Madam, I want to apply for Short Term Study Loan Scheme of Tamilnad Mercantile Bank. It is a good initiative taken by this Bank for students who are willing to do short term professional course. But, I want to know about the interest rates in this scheme of education loan. Please tell me asap.

Rate of interest of TMB Education Loan:

• Name of the Loan Scheme and Rate of Interest (p.a.):-

1) TMB - Education Loan:- Up to 11.45%
2) TMB - Skill Development Loan:- Up to 10.45%
3) TMB - Super Education Loan:- Up to 11.45%
4) TMB - Education Short Term Loan:- Up to 10.45%.

The latest interest rates under Tamilnad Mercantile Bank Short Term Study Loan Scheme are around 10.45% to 11.45%

Interest rates are
TMB education loan upto 11.45%

TMB skill development loan Upto 10.45%

TMB super Education loan upto 11.45%

TMB Education short term loan upto 10.45%

Some of the banks that charge minimum rate of interest:_
Federal Bank
Axis Bank
Kotak Mahindra Bank
Karur Vyasya Bank etc