Learn more about our Skill Development Loan Scheme under TMB Retail Loan Products.
This is scheme of choice for individuals who wish to upgrade their skills to get get additional degree / diploma / certificates as per National Qualification Skill Framework. The cost of the study can be borne by the loan from us. The interest rate has been kept nominal to enable the current generations make the best use of the facilities offered and get their skills upgraded.
For a Skill Development Loan of Rs. 1,00,000 repayable in 36 equal monthly instalments at an interest rate of 11.25% p.a., the equated monthly instalment (EMI) payment shall be around Rs. 3,285.72. Click for Monthly Amortization Chart.
All the above Terms and Conditions are subject to change and sanctioning of the loans is at the sole discretion of the Bank. Goods & Service Tax (GST) on All Service Charges extra wherever applicable.