The Hindu Business Line : TMB hikes lending rate

Tuticorin-based Tamilnad Mercantile Bank (TMB) has revised upwards its prime lending rate from 12 per cent to 13 per cent per annum with effect from April 9, resulting in a hike of 1 per cent in all categories of advances uniformly across the board. The bank now offers home loans at 10 per cent (for loans up to 60 month instalments) and car loans at 10.50 per cent up to Rs 15 lakh. Two-wheeler loans are offered at 10.50 per cent.

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