How does the Tamilnad Mercantile bank decide the maximum loan quantum for me?

Tamilnad Mercantile Bank decides the maximum loan amount on the basis of your gross salary. The maximum loan amount that you can avail is 6 times of your gross salary. However, it is subject to a cap of Rs.2 lakh. Additionally, if you do not have a salary account with the bank and are a borrower who remits the loan instalment, you will be eligible for a maximum loan amount of Rs.1 lakh.

How can I get in touch with the Tamilnad Mercantile Bank?

You can get in touch with the Tamilnad Mercantile Bank over the telephone as well as through email. The bank has an all-India national toll-free number which is 180 0425 0426. They also have a customer care no. which is +91 9842 461 461. You can also write to them at the following email address - customerservice@tmbank.in.

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TMB Personal Loan Interest Rates 2026

Tamilnad Mercantile Bank personal loans are offered at an interest rate of 12.75% p.a. to 14.90% p.a. The bank charges a processing fee at the rate of 1% of the disbursed loan amount. The loan repayment tenure can be extended up to 60 months.

Tamilnad Mercantile Bank offers personal loans to permanent employees of public sectors, as well as to permanent employees of reputed business houses, corporates, educational institutions, and so on.

Particulars	Salaried/Self-Employed
Interest Rate	12.75% p.a. to 14.90% p.a
Processing Fee	1% of the disbursed loan amount
Loan Tenure	Up to 60 months
Loan Amount	Up to Rs.2 lakh (Terms & conditions applicable)
Employment Status	Permanent employment
Lowest EMI per Lakh	Rs.2,263

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FAQs on TMB Loan Interest Rates

How does the Tamilnad Mercantile bank decide the maximum loan quantum for me?
Tamilnad Mercantile Bank decides the maximum loan amount on the basis of your gross salary. The maximum loan amount that you can avail is 6 times of your gross salary. However, it is subject to a cap of Rs.2 lakh. Additionally, if you do not have a salary account with the bank and are a borrower who remits the loan instalment, you will be eligible for a maximum loan amount of Rs.1 lakh.
How can I get in touch with the Tamilnad Mercantile Bank?
You can get in touch with the Tamilnad Mercantile Bank over the telephone as well as through email. The bank has an all-India national toll-free number which is 180 0425 0426. They also have a customer care no. which is +91 9842 461 461. You can also write to them at the following email address - customerservice@tmbank.in.

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