Those looking for a small and affordable personal loan can always opt for Tamilnad Mercantile Bank Personal Loan that provides with hassle-free banking solutions. The personal loans offered by Tamilnad Mercantile Bank can be used for every financial situation like buying new home appliances, wedding expenses, and more. Tamilnad Mercantile Bank Personal Loans are designed keeping in mind the specific financial requirements of every individual.
60 months is the maximum loan repayment period offered by the bank that can be paid out via EMIs.
If the loan is for a long term, the interest rates can easily add up to small amounts. Moreover, the longer tenures will not affect the monthly expenses effectively.
The maximum loan amount of Rs.1 lakh is what the individuals can avail on their personal loans. On the other hand, if the individual tends to make the loan payments directly via his/her salary account, then the bank can avail you up to Rs.2 lakhs as a personal loan.
Moreover, the Tamilnad Mercantile Bank never asks for a security as collateral for availing personal loans.
The Tamilnad Mercantile Bank has set up certain rules and regulations that must be followed in order to avail products from them.
The documentation is a hassle-free procedure which requires minimal paperwork.
Disclaimer: Information is gathered from secondary sources and meant for reference only. Loanbaba is not a channel partner of Tamilnad Mercantile Bank.