Tamilnad Mercantile Bank Personal Loan

⋆ Interest Rate 9.99% ⋆

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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

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% to 2% 
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

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% to 2%
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 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

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.

Tamilnad Mercantile Bank Personal Loan Status

You can check the status of your personal loan by;

  • Visiting the branch in person and asking your loan officer.
  • Contacting the customer care number of the bank.

How to apply for 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 the required information for loan approval.
  4. Once you fill 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.

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% to 2% 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.

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