Tamilnad Mercantile Bank limited (TMB)
Tamilnad Mercantile Bank is a private sector Indian Bank located in Thoothukudi, Tamilnadu, India. The Bank was founded on 11 May 1921 as Nadar Bank Limited under the India Companies Act. The tagline of TMB is ‘Be a step ahead of life’. The bank reported a net profit of 3166 million in 2016-2017. TMB bank has 506 branches, 12 regional offices, 11 extension counter, 1 service Branch, 6 central processing centers, 4 currency checks, and 19 e-lobby centers and the bank has 1094 ATM in India. The Bank always provides the highest Interest Rate on deposits. TMB is also known as best Bank of India. The Bank has won best Lokmat BFSI award in 2014-2015. The Bank has a tie-up with HDFC Bank and IDBI Bank.
TMB Two Wheeler Loan
The Bank provides home loans, Automobile loan, Personal loan etc. Brand Bikes are more popular among the youth, because of its speed and cost-effectiveness. The loan helps you to get a new Two Wheeler for your personal use, with affordable repayment options. The cost of your Two Wheeler can be repaid through EMIs so if you are planning for a new bike or a scooter but you don’t have any savings, no worries there is a loan for you called Tamilnad Mercantile Bank Two Wheeler Loan.
It is a secured loan with a lower interest rate of 11.80 %.
Features and benefits
Flexible Repayment tenure
Fulfilled your needs
Easy repayment schemes
Age Min 21 years, Max 65 years
Salaried and Self-employed
Income: Salaried 70,000 per year, Self-employed 60,000 per year
Employment tenure: at least 1 months for self-employed and 1 year for salaried
Identity proof- Passport, PAN card, Aadhar Card, Voter card
Address proof- Rental Agreement, Property Purchase Document, Telephone Bill, Electricity Bill, Sale Deed, Driving license, Ration card
Income proof- Salaried- latest salary slips (at least 6 months), Self-employed- a copy of the latest 1-year Income Tax return.
How to apply for Two Wheeler Loan?