AVAIL THE LOWEST RATE OF INTEREST ON CAR LOAN FROM TAMILNAD MERCANTILE BANK
Click to Apply Online or Call us on 600 11 600
Tamilnad Mercantile Bank is headquartered in Tuticorin in the state of Tamil Nadu in India. The bank was established in 1921 as Nadar Bank. In 1962, the bank changed its name to Tamilnad Mercantile Bank. Presently, the bank has 340 branches spread all over the country.
What is Tamilnad Mercantile Bank Car Loan?
In this fast paced life, it has become important to own a conveyance to live in comfort and convenience. Having a car is not as easy, as it involves a large amount of finances leaving you empty handed for the fulfillment of other necessities of life. To buy a car without burdening your flow of finances, Tamilnad Mercantile Bank Car Loan is the best option available. It allows you to purchase your dream car exclusive of any financial strain in your life.
Features and Benefits of an Tamilnad Mercantile Bank Car Loan from Dialabank.com
- We offer extremely quick service
- Minimum loan amount is Rs 1 lakh
- Maximum loan amount is up to 90% of the ex-showroom price of the car
- LTV (Loan to value) of up to 90% of the ex-showroom price of car
- Repayment period ranges from 1 to 5 years
- Loans are approved within 24 hours after the documentation process
- Prepayment is allowed after 6 months from the disbursement of the loan
Tamilnad Mercantile Bank Car Loan Charges
New Car Loan
Used Car Loan
11.75% p.a. to 12.00% p.a
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