We extend loans at concessional rates under schemes of the Government of Tamil Nadu.
| Scheme | Rate of interest (p.a.) |
|---|---|
| TABCEDCO loans up to ₹1,25,000 | 7.00% |
| TABCEDCO loans from ₹1,25,000 to ₹25,00,000 | 8.00% |
| TAMCO — annual amount up to ₹3,00,000 | 8.00% |
| TAMCO — annual amount above ₹3,00,000 | 8.00% |
| Differently abled persons loan | 4.00% |
| Differently abled persons loan (own fund) | 8.00% |
TABCEDCO
Loans under the Tamil Nadu Backward Classes Economic Development Corporation for eligible members of backward classes and most backward classes, for self-employment and income-generating activities.
TAMCO
Loans under the Tamil Nadu Minorities Economic Development Corporation for eligible members of minority communities, for self-employment and small businesses.
Differently abled persons loan
Loans at a low rate of interest for differently abled persons to take up self-employment, under the government scheme and from the bank's own funds.
How to apply
Eligibility, loan limits and documents are as per the guidelines of each scheme. Please visit the branch and our staff will help you with the application.
Rates are subject to change at the discretion of the bank. Please confirm the current rate at the branch before you apply.