Find answers to common questions about TNBF(Tamil Nadu Business Finance) business loans
Your business must have a minimum of ₹15 Lakhs monthly transactions in your business current account. This is verified through your bank statements for the last 6 months. This requirement is mandatory and non-negotiable as it demonstrates your business's ability to repay the loan.
No! TNBF(Tamil Nadu Business Finance) offers cheque-based business loans, which means you don't need to pledge any gold, property, or other assets. The loan is secured through post-dated cheques from your business current account.
No, TNBF(Tamil Nadu Business Finance) loans are exclusively for business owners. This includes sole proprietors, partnership firms, LLPs, and private limited companies. Salaried individuals are not eligible, even if they earn a high salary.
Currently, TNBF(Tamil Nadu Business Finance) serves businesses operating in Chennai, Bangalore, Coimbatore, and Tirunelveli. Your business must be registered and operating in these locations to be eligible for our loans.
TNBF(Tamil Nadu Business Finance) offers one of the fastest approval processes in the industry. Once you submit your complete application with all required documents, approval typically takes 24-48 hours. Fund disbursement happens immediately after agreement signing and cheque submission.
Personal Documents:
Business Documents:
Yes! After submitting your application, you will receive regular updates via email and SMS. You can also contact our customer support team at tnbsns.finance@gmail.com or call 78927 60436 / 95134 46257 for status updates.
TNBF(Tamil Nadu Business Finance) offers business loans from ₹5 Lakhs to ₹10 Crores. The exact amount depends on your business's monthly transaction volume and credit assessment. You can typically get up to 150% of your average monthly transactions.
Interest rates start from 1.5% per month (approximately 18-19% per annum). The exact rate depends on your business profile, transaction history, credit score, and loan tenure. There are no hidden charges - all costs are disclosed upfront.
Yes! TNBF(Tamil Nadu Business Finance) allows prepayment and foreclosure without any penalty charges. You can make partial prepayments to reduce your principal, or fully close the loan anytime. Unused post-dated cheques will be returned to you upon full repayment.
Missing EMI payments can lead to:
We recommend contacting us immediately if you face any difficulty in repayment. We can work together to find a solution.
Yes, TNBF(Tamil Nadu Business Finance) operates as a legitimate private finance company serving business owners across Tamil Nadu and Bangalore. We comply with all applicable financial regulations and maintain transparent business practices.
We take data security very seriously. All information is encrypted using SSL/TLS, stored on secure servers with access controls, and never shared with third parties without your consent. Please review our Privacy Policy for complete details.
You can apply for a new loan after successfully repaying your existing loan with TNBF. Customers with good repayment history may qualify for higher loan amounts and better interest rates on subsequent applications.
Processing fees, if applicable, are disclosed upfront before you submit your application. The fee covers credit assessment, verification, and administrative costs. All charges are transparent with no hidden fees.