COMPARE : CAR LOANS
Tamilnad Mercantile Bank Ltd Car Loan
Introduction
Tamilnad Mercantile Bank Ltd. car loan scheme is popular since it offers quick processing of loans for the purchase of new cars at low interest rates and simple documentation and conditions. It also offers loans for the purchase of second hand cars not older than 4 years.
Highlights
  New Car Used Car
Loan Type Term Loan Term Loan
Ex-Showroom/On Road On Road On Road
Loan Amount Maximum loan amount is Up to Rs. 150 Lakhs for New Vehicle. For used cars, the maximum loan amount is Rs 15 lakhs.
Tenure Min. - 12 months.
Max. - 60 months.
Min. - 12 months.
Max. - 60 months.
Interest Rate 12.75 % 12.75 %
Preferred Manufacturers Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, HINDUSTAN MOTORS, Honda, Hyundai, Mahindra, Maruti, Mercedes-Benz, Mitsubishi, Nissan, Reva, SAN Engineering, Skoda, Tata Motors, Toyota Bajaj, Chevrolet, FIAT, Ford, GENERAL MOTORS INDIA, Hero Honda, HINDUSTAN MOTORS, Honda, Hyundai, Indus, Kinetic, Mahindra, Maruti Suzuki, Mercedes Benz, Mitsubishi, Nissan, Reva, Royal Enfield, SAN Engineering, Skoda, Suzuki, Tata Motors, Toyota, TVS, Yamaha
 Fees & charges
 Application Process
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