Tamilnad Mercantile Bank Customer Review, Rating

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Average Customer Rating
2.3/5  by 1 users
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Reviewed on 28th Apr 15
2.3 / 5 stars
High rate and average service
Tamilnad Mercantile Bank Loan Against Property Availed in Feb 2015
The bank loan is average. I paid a very high interest rate but a quick sanction and lesser paperwork requirement. Needed a the loan urgently for busin More
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News - Oct 2016
01st Sep 16 Tamilnad Mercantile Bank has reduced its MCLR from 1st September, 2016
Tamilnad Mercantile Bank has reduced its Marginal Cost Based Lending Rate (MCLR) by 10 basis point (bps) across maturities. The 1 year MCLR has been reduced to 10.15 percent from the current rate of 10.25 percent. The 3 month and 6 month MCLR has been reduced to 10.05 percent and 10.10 percent respectively. Similarly the Overnight MCLR has been reduced to 9.9 percent. These changes are effective from 1st September, 2016. The interest rates of home loans that have been disbursed after 1st April 2016 are linked to 1 year MCLR.
19th Feb 16 Daimler India signs MoU with Tamilnad Mercantile Bank
Daimler India Commercial Vehicles signed a MoU with TMB to provide tailor-made financing packages to customers across the country for modern BharatBenz trucks and buses