📌 What is TMB Jewel Loan?

The TMB Jewel Loan is a gold loan scheme offered by Tamilnad Mercantile Bank (TMB) where customers can pledge their gold ornaments or gold coins to get instant cash for personal, agriculture, or business needs.

It is one of the fastest loan options with minimal documentation and quick approval.

💰 Loan Amount (TMB Gold Loan Limit)

• Minimum loan: ₹3,000
• Maximum loan: Up to ₹10 lakh (general limit per borrower)
• Loan amount depends on:
• Gold purity (up to 22 carat)
• Gold weight
• Market gold price

📊 TMB Jewel Loan Interest Rate

• Interest rate: Linked with MCLR (bank lending rate)
• Approx range: 9% – 11% per annum
• Interest is charged only on the outstanding loan amount
• Rates may vary based on scheme and tenure

⏳ Repayment Tenure

• General Jewel Loan: 6 months to 12 months
• Agriculture Jewel Loan: Up to 12 months
• Flexible repayment options based on borrower convenience

👨‍💼 Eligibility Criteria

Eligible applicants include:

• Individual customers
• Salaried employees
• Self-employed persons
• Farmers (for agriculture jewel loan)
• SHG / JLG groups
• Gold owners (up to eligible purity standards)

👉 No income proof required for basic gold loan

🛡️ Loan-to-Value (LTV)

• Up to 75% of gold value
• Depends on:
• Gold purity
• Weight of ornaments
• Current gold market price

📄 Documents Required

To apply for TMB Jewel Loan, you need:

• Aadhaar Card / Identity Proof
• Address Proof
• PAN Card (if required)
• Gold ornaments for pledge
• Loan application form

👉 No complex documentation or income proof required

🌟 Key Features of TMB Jewel Loan

• ⚡ Instant loan approval and disbursement
• 💰 High loan value up to 75% of gold price
• 📄 Minimal documentation required
• 🔄 Flexible repayment options
• 🛡️ Safe custody of pledged gold
• 🏦 Suitable for personal, agriculture, and business needs

🏦 How to Apply for TMB Jewel Loan?

1. Visit nearest Tamilnad Mercantile Bank branch
2. Submit gold ornaments for valuation
3. Bank verifies purity and weight
4. Loan amount is sanctioned based on gold value
5. Instant cash disbursement 

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