car loan

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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.


Documents Eligibility Features Charges Interest Rate




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



Leading Car Loan Providers (Click to Apply)

  1. HDFC Car Loan
  2. Bank of Baroda Car Loans
  3. Canara Bank Car Loan
  4. Indusind Bank Car Loan
  5. State Bank of Hyderabad Car Loan
  6. SBI Car Loan
  7. ICICI Bank Car Loan
  8. AXIS bank Car Loan
  9. IDBI Car Loan





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