Tamilnad Mercantile Bank Ltd. was established in 1921 and was initially called Nadar Bank Ltd. Though initially the bank had only 4 branches in Madurai, Tuticorin, Virudhunagar and Sivakasi, it currently has 437 branches across India.
Tamilnad Mercantile Bank offers car loans with special features such as faster processing, simple documentation and manageable terms and conditions. A borrower can easily purchase new and used cars at comparatively lesser rate of interest. Car financing is available for the purpose of:
How to increase your Tamilnad Mercantile Bank Car Loan Eligibility
With an easy tool called the car loan eligibility calculator, you can evaluate whether you are eligible for a Tamilnad Mercantile Bank car loan or not, before you go ahead and apply for one with the bank. It is better to know your chances of getting the loan approved before applying for a car loan and wasting extra time and effort. This tool makes the process uncomplicated and in an instant you can find out whether you are eligible for Tamilnad Mercantile Bank car loan. You will have to enter some basic details for the tool to calculate your eligibility. This information includes: your date of birth, income, your choice of car/model, price of the car, type of employment (salaried/self-employed), etc. Once you click on “calculate”, the tool shows you detailed information regarding your car loan eligibility.