TMB personal loan – Interest Rates 2024
Tamilnad Mercantile Bank ltd offers Personal loans to purchase consumer durables / house-hold articles, to meet the marriage expenses, other family expenses, etc at lowest interest rates, Simple documents, & higher Eligibility.
TMB personal loan details:
| Interest Rates | 14.40% – 16.40% |
| Max. Loan Amount | Upto 5 Lakh |
| Processing Fees | 1.00% of loan amount |
| Min. Income | Rs.10000/- p.m |
| Loan Repayment | upto 5 years |
TMB Personal Loan Eligibility:
Borrowers can avail a personal loan for any purpose like buying house hold appliances, marriage at home, to meet any family expenses / emergency.
All Permanent employees, aged below 54 years, who are confirmed in the services of Govt. Departments, Reputed Corporates / Business Houses, Recognized Educational Institutions, etc are eligible for taking personal loan from TMB bank.
Repayment: Maximum of 60 months or 5 years.
Documents List for TMB Personal Loan
- Full filed application Form with 2 photographs.
- Proof of Income & Certificate from the employer for the take home salary.
- Undertaking from the employer to deduct the installment from the salary and remit to the Bank or Undertaking from the employer to allow deduction from salary account, if necessary.
- Guarantee consent letter from third party, if necessary.
- Undertaking from the employer that the applicant will not be relieved from the service under VRS without the consent of the Bank.
TMB Personal Loan EMI Calculator
Here’s the steps to calculate per month loan emi for your loan amount
1. Enter your required loan amount
2. Enter Interest Rates
3. Enter No. of Years or months of repayment & calculate
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For a Personal Loan of Rs. 1,00,000 repayable in 48 equal monthly installments at an interest rate of 14.40% p.a., the equated monthly installment (EMI) payment shall be around Rs. 2752.76.
All Available Products of Tamilnad Mercantile Bank
