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Credit Cards   Auto Loans   Home Loans   Personal Loan         Fixed Deposits   Savings Accounts   Education Loans   Auto Insurance     COMPARE : PERSONAL LOAN Tamilnad Mercantile Bank Ltd Personal Loan Introduction The bank provides personal loans which is among the most utilized loan scheme that can be used for any purpose like buying house hold appliances, marriage at home, to meet any family expenses / emergency. The loan is offered with minimum of conditions and has been designed with a common man’s need in mind. The documentation is simple and processing is fast. Highlights   Salaried Self Employed Loan Scheme Personal Loans Personal Loan Loan Type Term Loan Term Loan Loan Amount 6 times of the gross salary as per latest salary Min. - Rs 10000 Max. - Rs 200000 Tenure Min. - 12 months. Max. - 60 months. Min. - 12 months. Max. - 60 months. Interest Rate Min. - 14.75 % Max. - 16.75 % Min. - 14.75 % Max. - 16.75 %  Fees & charges   Fees & charges   Salaried Self Employed Processing Fee 1 % 1 % Late Payment Penalty 2 % 2 % Comment on Charges Penal Interest - 2% Penal Interest - 2%  Application Process   Application Process * Application * Proof of Income & Certificate from the employer for the take home salary. * Quotations wherever necessary. * Undertaking from the employer to deduct the instalment 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.  Security   Security * Lien over Salary, Bonus and other emoluments. * Primary: Hypothecation of assets created out of the loan proceeds in case loan is sanctioned for purchasing Consumer Durables / House-hold articles. Suitable third party guarantee to be obtained, if necessary. * Collateral: Obtention of collateral security need not be a prerequisite. * Guarantee: If the employer does not undertake to deduct and remit the instalment or the instalment is not deducted from the salary account maintained by the branch, suitable guarantee from two worthy persons should be obtained. Show All Personal Loans Refine your search  Select a Bank: Any Bank Abhyudaya Co-op. Bank Ltd. ABN AMRO Allahabad Bank Amanath Co-operative Bank Ltd. American Express Andhra Bank Andhra Pradesh Mahesh Co-Op Urban Bank Ltd. Andhra Pradesh State Cooperative Bank AXIS BANK Bajaj Allianz General Insurance Company Bank of Baroda Bank of India Bank of Maharashtra Bank Of Rajasthan Barclays Bassein Catholic Co-op.Bank Ltd. 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Rajya Sahkari Bank Maryadit Magma Fincorp Limited Muthoot Group NABARD Bank National Housing Bank National Insurance Company NKGSB CO-OP Bank LTD. Nutan Nagarik Sahakari Bank Limited Oriental Bank of Commerce Orissa State Co-operative Bank Ltd Punjab & Sind Bank Punjab National Bank Rajkot Nagarik Sahakari Bank Ltd. Reliance Capital Ltd. Reliance General Insurance Company Repco Bank Royal Bank of Scotland Royal Sundaram Alliance Insurance Company Rupee Co-op. Bank Ltd. SBI Commercial and International Bank Ltd. Shriram General Insurance Company Limited South Indian Bank Standard Chartered Bank State Bank of Bikaner and Jaipur State Bank of Hyderabad State Bank of India State Bank of Indore State Bank of Mysore State Bank of Patiala State Bank of Travancore Syndicate Bank Tamilnad Mercantile Bank Ltd TATA AIG General Insurance Company Tata Capital Limited The Ahmedabad Mercantile Co-op. Bank Ltd The Akola Janata Commercial Co-operative Bank Ltd. The Bihar State Co-operative Bank Ltd. The Goa State Co-Operative Bank Ltd The Greater Bombay Co-operative Bank Ltd The Haryana State Cooperative Apex Bank Ltd THE HP State Co-operative Bank Ltd. The J&K State Cooperative Bank The Karad Urban CO-OP Bank Ltd The Kerala State Cooperative Bank Ltd The Lakshmi Vilas Bank Limited The Mahanagar Co-op Bank Ltd The Meghalaya Co-operative Apex Bank Ltd. The New India Assurance Company The Oriental Insurance Company The Punjab State Cooperative Bank The Ratnakar Bank Ltd. The Saraswat Coop Bank Ltd The Sikkim State Cooperative Bank Ltd. The Surat People’s Cooperative bank The Thane Janata Sahakari Bank Ltd The West Bengal State Co-operative Bank Ltd. Tripura State Cooperative Bank UCO bank Union Bank of India United Bank of India United India Insurance Company Universal Sompo General Insurance Company Vijaya Bank Wizard home loans YES Bank  Select a Category: Salaried Self Employed     Tamilnad Mercantile Bank Ltd Products Tamilnad Mercantile Bank Ltd Auto Loans Tamilnad Mercantile Bank Ltd Home Loans Tamilnad Mercantile Bank Ltd Fixed Deposits Tamilnad Mercantile Bank Ltd Savings Accounts COMPARE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans Auto Insurance   CALCULATE QUICKLY  Select a product: Credit Cards Car Loans Home Loans Personal Loan Fixed Deposits Savings Accounts Education Loans Auto Insurance   EDITORS' PICKS Is the Base Rate system really transparent? What to look for while taking a personal loan 12 point conduct checklist for bank and... A chronicle of excesses by loan recovery... A chronicle of excesses by loan recovery...

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