Tamilnad Mercantile Bank Personal Loan

⋆ Interest Rate 9.99% ⋆

Check Special Offers During COVID-19

      I have read the Privacy Policy & Agree to Terms & Conditions and authorize Dialabank & its partner institutions to Call or SMS me with reference to my application.

      Why us?

      Rates as low as 9.99%*
      Loans Up to 30 Lacs
      Same Day Disbursal
      Doorstep Service
      Unbiased Experts Advice

      Tamilnad Mercantile Bank Personal Loan Key Features Jan 2021

      Eligibility Criteria Details
      Age 21-54 (at loan maturity)
      CIBIL score Minimum 700 or above
      Tamilnad Mercantile Bank Personal Loan Interest Rate 9.99% per annum
      Lowest EMI per lakh Rs 2363
      Tenure Up to 60 months
      Tamilnad Mercantile Bank Personal Loan Processing Fee 1% of the loan amount
      Prepayment Charges N/A
      Minimum Loan Amount No Limit
      Maximum Loan Amount ₹2 Lakh

      Each Feature Explained in Detail Below


      Tamilnad Mercantile Bank Personal Loan Eligibility Criteria

      Eligibility criteria for a personal loan:

      CIBIL score 700 and Above
      Age 21-54 years
      Min Income Rs 20000/month
      Occupation Salaried/Self-employed

      Tamilnad Mercantile Bank Personal Loan Fees and Other Charges

      Tamilnad Mercantile Bank Personal Loan Interest Rate 9.99% per annum
      Tamilnad Mercantile Bank Personal Loan Processing Charges 1% of the loan amount
      Prepayment Charges N/A
      Stamp Duty As per state laws
      Cheque Bounce Charges As per bank terms

      Tamilnad Mercantile Bank Personal Loan Documents Required

      Proof of Identity Copy of:
      > Passport
      > Driving License
      > Aadhar Card
      > Voter ID Card
      Proof of Address Rent Agreement (Min. 1 year of stay)
      Utility Bills
      Passport (Proof of permanent residence)
      Ration card
      Proof of Income > ITR: Last two Assessment years
      > Salary Slip: Last 6 months
      > Bank Statement: Last 3 months

      Tamilnad Mercantile Bank Personal Loan EMI Calculator

      Tamilnad Mercantile Bank Personal Loan Compared to Other Banks

      Bank Interest Rate Tenure Loan Amount & Proc Fee
      Tamilnad Mercantile Bank 9.99% 12 to 60 months Up to Rs. 2 lakh / Up to 1 % of the loan amount
      HDFC Bank 11.25% to 21.50% 12 to 60 months Up to Rs. 40 lakh / Up to 2.50% of the loan amount
      Bajaj Finserv Starting from 12.99% 12 to 60 months Up to Rs. 25 lakh / Up to 3.99% of the loan amount
      Axis Bank 15.75% to 24% 12 to 60 months Rs. 50,000 to Rs. 15 lakh / Up to 2% of the loan amount
      Citibank Starting from 10.99% 12 to 60 months Up to Rs. 30 lakh / Up to 3% of the loan amount
      ICICI Bank 11.50% to 19.25% 12 to 60 months Upto Rs. 20 lakh / Up to 2.25% of the loan amount
       

      Other Loan Products from Tamilnad Mercantile Bank

      Gold Loan Car Loan Home Loan Business Loan
      TWL LAP Credit Card Education Loan

      Why should you apply for Tamilnad Mercantile Bank Personal Loan with Dialabank?

      Tamilnad Mercantile Bank Personal Loan should be applied via Dialabank because:

      • Dialabank will help you choose the best financial products for your needs.
      • We make it convenient and simple for you to decide what loan you should avail.
      • We provide you with the lowest interest rates available in the market.
      • Dialabank is your trustworthy financial advisor and friend.

      How to Calculate EMIs for Tamilnad Mercantile Bank(TMB) Personal Loan

      You can use the EMI calculator given below.

      Tamilnad Mercantile Bank Personal Loan Processing Time

      Tamilnad Mercantile Bank takes about a week to process the personal loan application. Being an unsecured loan, banks have to carefully verify all your documents and details.

      Tamilnad Mercantile Bank Personal Loan Preclosure Charges

      Tamilnad Mercantile Bank allows you to pre-close your personal loan after at least 6 EMIs. You can pay back your personal loan when you have the required funds.

      Tamilnad Mercantile Bank Personal Loan Overdraft Facility

      An individual overdraft is a credit office that licenses you to pull out an all-out as and when required. You can in like manner reimburse the got out totally at whatever point the condition is ideal. From this time forward, it is perhaps the most favored credit choices that benefitted to meet changing individual supporting necessities unbounded.

      Apply for an overdraft office as a Tamilnad Mercantile Bank Personal Loan. The adaptable improvement office has all the gigantic highlights of a frail overdraft credit.

      Tamilnad Mercantile Bank Calculated EMI for Personal Loan

      Rate
      5 Yrs
      4 Yrs
      3 Yrs
      10.50%
      2149
      2560
      3250
      11.00%
      2174
      2584
      3273
      11.50%
      2199
      2608
      3297
      12.00%
      2224
      2633
      3321
      12.50%
      2249
      2658
      3345
      13.00%
      2275
      2682
      3369
      13.50%
      2300
      2707
      3393
      14.00%
      2326
      2732
      3417
      14.50%
      2352
      2757
      3442
      15.00%
      2378
      2783
      3466

       

      Rate
      5 Yrs
      4 Yrs
      3 Yrs
      10.50%
      2149
      2560
      3250
      11.00%
      2174
      2584
      3273
      11.50%
      2199
      2608
      3297
      12.00%
      2224
      2633
      3321
      12.50%
      2249
      2658
      3345
      13.00%
      2275
      2682
      3369
      13.50%
      2300
      2707
      3393
      14.00%
      2326
      2732
      3417
      14.50%
      2352
      2757
      3442
      15.00%
      2378
      2783
      3466

      Types of Tamilnad Mercantile Bank Personal Loan

      Tamilnad Mercantile Bank Marriage Loan

      Weddings are a celebrated event in India and also, one of the costliest events that often lead to financial worries. Tamilnad Mercantile Bank provides low-interest personal loans to help you make your wedding even more special.

      Tamilnad Mercantile Bank Personal Loan for Government Employees

      Employees of central and state governments can apply for a Tamilnad Mercantile Bank personal loan and fulfill all their personal financial expenses. The bank has personal loan offers for all your needs.

      Tamilnad Mercantile Bank Doctor Loan

      Doctors with at least 4 years of experience can apply for a personal loan from Tamilnad Mercantile Bank to enjoy offers and deals curated for their personal and professional needs.

      Tamilnad Mercantile Bank Personal Loan for Pensioners

      Pensioners with their accounts in Tamilnad Mercantile Bank can apply for a personal loan against their pensions to meet all their post-retirement financial needs. Dialabank helps you choose the best financial product as per your needs.

      Tamilnad Mercantile Bank Personal Loan Balance Transfer

      Personal Loan Balance Transfer is the process of transferring an existing personal loan from one bank to another for lower interest rates and better loan terms. You can apply for a Tamilnad Mercantile Bank personal loan balance transfer to lower your financial burden.

      Tamilnad Mercantile Bank Personal Loan Top Up

      You can avail of extra funds using Tamilnad Mercantile Bank personal loan top-up facility without the need to apply for a fresh loan. Dialabank brings you a convenient option to choose the best personal loan offers from anywhere and anytime.

      Home Renovation Loan

      Tamilnad Mercantile Bank offers home update credit for individuals wishing to have their homes rebuilt. This individual credit will back the fundamental fixes or grant the borrower to buy new home fittings, machines, and furniture. Some critical highlights of the Tamilnad Mercantile Bank Home Renovation Loan are:

      • The sponsoring cost of Tamilnad Mercantile Bank Home Improvement Loan starts at as low as 11.25%.
      • People will be in danger for an advancement measure of Rs. 20 Lakhh to have their home remade.
      • The credit of Tamilnad Mercantile Bank’s home reconstructs needs zero documentation, making the entire improvement time period freed from inconvenience.
      • All things considered, the improvement whole is credited to the record inside 72 hours before the bank favors the convenience.

      Holiday Loan

      The Tamilnad Mercantile Bank’s Holiday Loan will help you with a minor issue while masterminding your dream move away. The essential highlights of the Tamilnad Mercantile Holiday Loan are This individual Tamilnad Mercantile development will support an extent of excursion related costs, including booking travel tickets, dwelling workplaces, guided visits, and so on

      • Financing costs for event propels start at 11.25 percent p.a.
      • Without a lot of stretch preferred position, you can do an extent of up to Rs 20 Lakh.
      • The clear and direct financing of your move away is guaranteed by composed and immaterial work area work.
      • Vivacious headway course of action and administering that is clearly credited to your record.

      Fresher Funding

      Notwithstanding, Tamilnad Mercantile Bank’s Fresher Funding is extraordinary for an overall bit of shaky individual credits subject to individuals with a standard compensation. This choice as opposed to Tamilnad Mercantile credit is proposed to help freshers, for instance, continuing with graduated class, for example looking for their first work. Coming up next are some appropriate highlights of Tamilnad Mercantile Fresher Funding’s individual credit:

      • Credit measure of up to Rs 1.5 lakh
      • Candidates must, at any rate, be 21 years old.
      • The development of interest for Fresher Funding depends upon the candidate’s profile, the financial record/score, age of the contender, and territory.

      NRI Personal Loan

      Expressly for NRIs, Tamilnad Mercantile outfits a person with movement, understanding the necessities and dreams of NRIs. The main improvement picked one should be an Indian inhabitant, and the co-contender NRI must be a near to relative. The Individual Loan for NRIs contains the going with highlights.

      • Individual NRI advances of up to Rs. 10 lakh with adaptable end-use drives are given by Tamilnad Mercantile.
      • The cost of NRI Personal Loan financing starts at 15.49 percent p.a.
      • The credit requires a residency of as long as three years.

      How to Apply Online for Tamilnad Mercantile Bank Personal Loan?

      Tamilnad Mercantile Bank Personal Loan

       

      1. Visit Dialabank
      2. Either search Tamilnad Mercantile Bank Personal Loan or go on the Tamilnad Mercantile Bank Personal Loan page on Dialabank.
      3. There, you have to fill in the required information for loan approval.
      4. Once you fill in that information, you will be reverted by our representative.
      5. Our representative will assist you in the whole process.
      6. Your loan gets approved in the minimum time.

      Personal Loan Verification Process

      The accompanying advances are an unquestionable requirement after you apply for a Personal Loan in HDFC Bank which is as referenced beneath:

      • The going with propels are a verifiable prerequisite after you apply for a Personal Loan in HDFC Bank which is as referred to underneath:
      • At the point when you complete the application methodology with Dialabank, your application for a Personal Loan is also proceeded by the Bank.
      • As the bank checks your application structure, they give you an affirmation call.
      • By and by when the beware of a telephonic conversation is done, the bank designs a get for chronicle convenience.
      • At the point when all the essential documents are joined the further check occurs.
      • As of now as the ensuing check passes the bank asserts the last credit aggregate, advance expense, and the residency for the referred to entirety.
      • The bank holds on for the customer’s statement, and once the customer insists the development entirety is instantly administered.

      Tamilnad Mercantile Bank Personal Loan Status

      You can check the status of your Tamilnad Mercantile Bank Personal Loan by the following methods – 

      •  Visit your loan branch and ask the banker for the same.
      • Log In to the Tamilnad Mercantile Bank Netbanking Portal.
      • Press on loans from the top ribbon and click on Enquire to check the status of your loan.
      • Type ‘personal loan status’ on Google, open the first link which will take you to the Loan Status Tracker webpage of Tamilnad Mercantile Bank, and fill the required information to check the status of your loan.

      How to login in Tamilnad Mercantile portal

      • Check the official website of Tamilnad Mercantile.
      • Click on ‘Login’ in the upper right corner of the screen.
      • Using your User ID and Password or reported mobile number to log in

      How to Check Your Loan Statement

      Clients can download the bank’s very own credit proclamation by following the means given below:

      • Visit the official site of the bank.
      • Select ‘Connect’ and from the drop-down list, choose ‘Administration Requests’.
      • On the following page that opens, under the ‘Advances’ menu, click’ Individual Loan Related.’
      • Tap on ‘Request for Loan Account Statement’ first.
      • Log in using your User ID and the secret word or using your enlisted versatile number and OTP to benefit from the bank’s very own credit clarification.

      Tamilnad Mercantile Bank Personal Loan Restructuring (COVID-19)

      All through nation lockdown, antagonistically affected a couple of borrowers as a result of the COVID-19 pandemic, and a multi-month preclusion on different term drives was articulated to guide its effect on a specific degree. Tamilnad Mercantile articulated the RBI-guided one-time benefit by the individual credit generation of Tamilnad Mercantile after the half-year blacklist had ended. This instrument is intended to offer assistance to those borrowers who, in view of the advancing money related difficulties of the pandemic, are not yet prepared to begin repayment of their normal EMI.

      The credit target plan of Tamilnad Mercantile recommends an additional blacklist of as long as two years or a development of the current reimbursement term to decrease EMI divides from month to month. As a fundamental concern, it is essential that the recuperation of your individual development from Tamilnad Mercantile will achieve additional excellent charges far past those of the principle improvement. As a result, if whatever else misfires with the desire for not ending up defaulting on your exceptional credit, you can simply use this assistance instrument.

      Tamilnad Mercantile Bank Customer Care

      Customers can contact Tamilnad Mercantile Bank customer care via any of the following means:

      • By Phone: You can call Tamilnad Mercantile on 9878981166 (toll-free)
      • Callback Request: You can also request a call back by visiting the bank’s website
      • Online Chatbot: You can also get your queries answered by the iPal chatbot online
      • Branch Visit: You can visit the nearby Tamilnad Mercantile branch to get your queries.

      Benefits of Applying for Personal Loan on Dialabank

      There are several points of concern when applying for a personal advance on the Dialabank website. Underneath some of them are provided:

      • 24 x 7 Availability: At whatever point and anyplace you can get to the site of Dialabank, and thusly, when your home or office is agreeable, apply for an individual development.
      • Numerous moneylenders : com engages you to get singular credit offers from different planned advance experts on a single stage and along these lines wipes out the need to visit distinctive bank locales or branches.
      • Know EMI: On EMI calculator, you can check the EMIs you would be paying on an individual credit even before you apply for one. It will help you with getting the reasonable total that you can without a very remarkable stretch repay and have a supportive repayment plan.
      • Cost Free Analysis: Additionally, you are not supposed to pay any charges when you apply for an individual advance on Dialabank.com 

      Important Aspects

      Below are some critical points you ought to consider while applying for an individual Tamilnad Mercantile Bank credit:

      • It is ideal to check your money related assessment in any condition while applying for an individual turn of events. The chances of your credit uphold are worked by a strong credit examination and can allow you to benefit by an individual improvement on better balance.
      • Preceding picking a specific bank, it is sensible to think about the cost of an individual credit (premium expense and each and every sensible expense and charges) offered by different moneylenders on Dialabank.com.
      • Secure as demonstrated by the need and reimbursement limit. Take the necessary steps not to win since you’re set up to get a higher whole. It just adds to the expense of your preferred position and has moderately couple of focal points over the long haul.
      • Take the necessary steps not to apply at the same time with various moneylenders for particular advances. This shows that you are prepared for credit and extends the amount of complex credit report guidelines, which can unfairly influence your FICO score.

      FAQs About Tamilnad Mercantile Bank Personal Loan

      ✅ How to apply for Tamilnad Mercantile Bank Personal Loan?

      There are two ways to apply for a personal loan. You can apply for a personal loan with Tamilnad Mercantile Bank by visiting the nearest Tamilnad Mercantile Bank branch or submitting a simple form with Dialabank. With Dialabank, you get the benefit to apply from anywhere and get quick online approval.

      ✅ What is the Interest Rate for Tamilnad Mercantile Bank Personal Loan?

      Tamilnad Mercantile Bank(TMB) charges an interest rate that starts from 9.99% per annum for personal loan products.

      ✅ What is the minimum age for getting a Personal Loan from Tamilnad Mercantile Bank?

      You must be at least 21 years old to apply for a personal loan with Tamilnad Mercantile Bank.

      ✅ What is the maximum age for getting a Personal Loan from Tamilnad Mercantile Bank?

      The maximum age for getting a personal loan from Tamilnad Mercantile Bank is 54 years.

      ✅ What is the minimum loan amount for Tamilnad Mercantile Bank Personal Loan?

      The minimum loan amount for availing a personal loan from Tamilnad Mercantile Bank has no limit.

      ✅ What is the maximum loan amount for Tamilnad Mercantile Bank Personal Loan?

      You can take advantage of a maximum loan amount for a personal loan of Rs. 2 lakh from Tamilnad Mercantile Bank.

      ✅ What are the documents required for Tamilnad Mercantile Bank Personal Loan?

      You will need Aadhaar card/Voter ID, PAN card, salary slips of the last six months, ITR of the last two years for income proof and two recently clicked photographs are required for a personal loan from Tamilnad Mercantile Bank.

      ✅ What is the Processing Fee for Tamilnad Mercantile Bank Personal Loan?

      Tamilnad Mercantile Bank charges a processing fee of up to 1% of the loan amount for the personal loan.

      ✅ How to get Tamilnad Mercantile Bank Personal Loan for Self Employed?

      To assist self-employed borrowers financially, Tamilnad Mercantile Bank provides special offers for them. You have to show the ITR files of the last two years for income proof.

      ✅ What is the Maximum Loan Tenure for Tamilnad Mercantile Bank Personal Loan?

      The maximum tenure period for a personal loan from Tamilnad Mercantile Bank is 60 months.

      ✅ What should be the CIBIL Score for Tamilnad Mercantile Bank Personal Loan?

      You must have a CIBIL score 700 or above for getting a personal loan from Tamilnad Mercantile Bank.

      ✅ Do I have a preapproved offer for Tamilnad Mercantile Bank Personal Loan?

      You can check out your preapproved personal loan offers from Tamilnad Mercantile Bank through Dialabank. Just fill the form, and we will check out all the offers for you.

      ✅ How to calculate EMI for Tamilnad Mercantile Bank Personal Loan?

      You can use the EMI calculator convenient at Dialabank’s website to calculate your personal loan EMIs for Tamilnad Mercantile Bank.

      ✅ How to pay Tamilnad Mercantile Bank Personal Loan EMI?

      Your personal loan EMIs from Tamilnad Mercantile Bank are automatically subtracted from your bank account. Also, use the net-banking facility of Tamilnad Mercantile Bank to pay for your personal loan.

      ✅ How to close Tamilnad Mercantile Bank Personal Loan?

      You have to pay for all the outstanding personal loan amounts and then receive your no dues certificate through the Tamilnad Mercantile Bank branch.

      ✅ How to check Tamilnad Mercantile Bank Personal Loan Status?

      You must visit the Tamilnad Mercantile Bank branch to know about your personal loan status. On the other hand, you also visit Dialabank and fill the form.

      ✅ How to close Tamilnad Mercantile Bank Personal Loan Online?

      For the closing of your personal loan from Tamilnad Mercantile Bank, the given steps are to be followed:

      • Visit the net-banking page Tamilnad Mercantile Bank.
      • Login using your details.
      • Pay for your personal loan and save the transaction receipt.

      ✅ How to pay Tamilnad Mercantile Bank Personal Loan EMI Online?

      You can pay your personal loan EMI through the net-banking facility provided by Tamilnad Mercantile Bank. Dialabank allows you to compare offers from various banks to pick up the best, for getting a low-EMI personal loan. You have to fill a simple form and the rest will do by our representative.

      ✅ How to check Personal Loan Balance in Tamilnad Mercantile Bank?

      To check the personal loan balance in Tamilnad Mercantile Bank, you will require to contact the customer care number Tamilnad Mercantile Bank. If you are searching for low-interest personal loans, you can visit Dialabank and fill a simple form for Personal Loan Balance Transfer, and we will do the hard work for you.

      ✅ How to download Tamilnad Mercantile Bank Personal Loan Statement?

      You can use the Tamilnad Mercantile Bank’s mobile banking app for downloading the personal loan statement. You also can fill a form through the online platform.

      ✅ How to Top Up Personal Loan in Tamilnad Mercantile Bank?

      If you want a top-up on your personal loan from Tamilnad Mercantile Bank, you will visit the bank branch and come in contact with the loan officer. Also, fill a simple form with Dialabank at Personal Loan Top Up and leave the rest to us.

      ✅ What happens if I don’t pay my Tamilnad Mercantile Bank Personal Loan EMIs?

      if you don’t pay your personal loan EMIs, then Tamilnad Mercantile Bank will charge a penal interest. You also apply for a balance transfer through Dialabank and get low-interest personal loans.

      ✅ How to find the Tamilnad Mercantile Bank Personal Loan account number?

      You must contact your Tamilnad Mercantile Bank loan branch to know about your personal loan account number. You also fill out the form with Dialabank.

      ✅What is the Tamilnad Mercantile Bank personal loan customer care number?

      Contact 9878981166 for any queries.

      What are the Tamilnad Mercantile Bank Personal Loan pre-closure charges?

      Tamilnad Mercantile Bank allows you to pre-close your personal loan after at least 6 EMIs. You can pay back your personal loan when you have the required funds.

      ✅What is the Tamilnad Mercantile Bank personal loan closure procedure?

      1. Visit the bank with the complete set of documents (as mentioned above).
      2. You may be required to fill a form or write a letter requesting pre-closure of the Personal Loan account.
      3. Pay the pre-closure amount.
      4. Sign the required documents, if any.
      5. Take acknowledgment of the balance amount you have paid.

      ✅What is the Tamilnad Mercantile Bank Personal Loan Overdraft Facility?

      An individual overdraft is a credit office that licenses you to pull out an all-out as and when required. You can in like manner reimburse the got out totally at whatever point the condition is ideal. From this time forward, it is perhaps the most favored credit choices that benefitted to meet changing individual supporting necessities unbounded.

      Table of Contents

      Menu