• Investment World
• eWorld
• Brand Line
• Mentor
• Life
• Canvas
• Praxis
• Urban Pulse
• Brand Quest
• The New Manager

Stocks

• Quotes
• SE Diary
• Scoreboard
• Open-End Mutual Fund

Shipping

• Ports
  
  

Archives

• Yesterday
• Datewise
• Resources

Group Sites

• The Hindu
• Business Line
• Sportstar
• Frontline
• The Hindu eBooks
• The Hindu Images

Our Correspondent

Madurai, March 7

Tamilnad Mercantile Bank Ltd, (TMB) has launched a new loan scheme by name, `TMB mini vehicle' in a tie-up arrangement with TATA Motors Ltd to provide marketing support to increase the vehicle advances.

The TMB Chairman, Mr S. Radhakrishnan, has recently launched the new scheme at its main branch at Tuticorin.

The scheme is suitable for small and medium business sector to purchase mini trucks for commercial purpose. TMB branches will source the dealers of the vehicle to identify the needy customers and extend finance to customers to purchase the new TATA mini truck — ACE under the scheme. The customers can avail loan to the maximum of Rs 2.50 lakh at an interest rate of 9 per cent with repayment period up to a maximum period of 5 years, subject to the usual formalities, a TMB press release said.

More Stories on : Consumer Finance | Tamil Nadu

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page

Stories in this Section
Rupee sheds 4 paise vs dollar

Copyright © 2006, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line