NEWS & ADVICE : CAR LOANS
TMB offers festival bonanza on home,car loans
By Vaibhav Aggarwal
Nov 8, 2010
Print    Email    RSS   

Tamilnad Mercantile Bank has come up with 'Festival Bonanza' for Home and Car Loans. The festival loans will bear lower interest rate of 9%.

"Under the festival bonanza, housing loans up to Rs 30 lakh repayable by 60 months will be available at 9 per cent (fixed) for first year, 9.5 per cent (fixed) for second year and BR+ one per cent (10 per cent variable) from 25th Month onwards," General Manager (Business Development) of Tamilnad Mercantile Bank Ltd S Selvan Rajadurai said.

Car loans will bear 9% interest for the first year irrespective of the loan amount and 9.5% for the second year. The third year onwards, interest would be base rate +1% which is 10% as per current figures with a repayment period of 36 months and BR+ 1.5 per cent (10.5 per cent) repayable by 60 months.

The festival bonanza will be valid from November 1 to March 31 next.


 


(Comments Posted : 0) Post Your Comments
Show All Comments
COMPARE QUICKLY
 Select a product:
 

CALCULATE QUICKLY
 Select a product:
 

EDITORS' PICKS
Tata Nano: How would Bank Loans look
Credit profile and its effect on loan...
Carnival of Indian Personal Finance Blogs #6
Selecting the appropriate car loan
A chronicle of excesses by loan recovery...


Hello I am looking to renew my car insurance and I...
my loan no
Lonavala Caℓℓ Girℓs 9765946980 / 9970712349...

NEWS THIS WEEK
SBH bank extended its Car and gold loan campaign till 31st March, 2015. Feb 11, 2015
KVGB bank signed MOU with TATA Motors Feb 10, 2015
SBH bank extended its scheme offering concession to loan defaulters Feb 2, 2015
Karnataka Bank tied up with TVS motors to Assist Auto rickshaw buyers Jan 27, 2015
RBI extended the Directions issued to Amanath Co-operative Bank for a period of six months Jan 22, 2015
News Archive