Tamilnad Mercantile Bank Home Loan

Note: Rates as of 22 September 2025

Tamilnad Mercantile Bank Home Loan Interest Rates

Note that the final interest rates offered to home loan applicants would depend on several factors like the loan amount, existing loan obligations, occupation profile of the applicants and credit score. While Tamilnad Mercantile Bank has not disclosed credit score based interest rate matrix, lenders are increasingly setting home loan interest rates on the basis of their home loan applicants’ credit scores. Since lenders prefer offering lower home loan rates to applicants having higher credit score, one must check their credit scores before applying for a home loan.

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Tamilnad Mercantile Bank Home Loan Fees & Charges

* Goods and Services Tax (GST) as applicable will be levied in addition to the mentioned charges.

Also check the home loan processing fees of other home loan lenders.

Types of Tamilnad Mercantile Bank Home Loan

TMB Home Loan

Purpose: To construct/purchase a new/resale home property or to extend/renovate an existing property. The loan also comes with home loan balance transfer and overdraft facilities. The bank also reimburses investments already made by the borrower, subject to the condition that the investment was made within preceding one year.

Loan Amount:

• For properties in Metro Cities: Rs 5 crore
• For properties in Non-metro Cities: Rs 3 crore
• For House Renovation: Up to Rs 25 lakh
• If IT returns are not available: Up to Rs 10 lakh
• In case of Top up Loans: 20% of the original amount subject to a minimum of Rs 1 lakh and maximum of Rs 30 lakh

Tenure: Up to 30 years (Up to 20 years for NRI applicants)

TMB Affordable Home Loan

Purpose: To construct/purchase a new/resale home property or to extend/renovate an existing property. The loan also comes with home loan balance transfer facility

Loan Amount:

• For properties in Metro Cities: Up to Rs. 50 lakh (the cost of house property should not exceed Rs 65 lakh)
• For properties in Non-metro Cities: Up to Rs. 40 lakh (the cost of house property should not exceed Rs 50 lakh
• For House Renovation: Up to Rs 10 lakh
• In case of Top up Loans: Up to 15% of the original amount or Rs 7.5 lakh, whichever is lower

Tenure: Up to 30 years (Up to 20 years for NRI applicants)

Eligibility Criteria for Tamilnad Mercantile Bank Home Loan

• Employment Type: Salaried/Self-employed Professional/Self-employed Non-Professional
• Age: 18-50 years
• Borrower Profile: Individuals, HUFs & NRIs

Tamilnad Mercantile Home Loan may also depend on the credit score, job profile, employer’s profile, monthly income, etc. of its home loan applicants.

Also know: Home loan eligibility of top banks and HFCs

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Tamilnad Mercantile Bank Home Loan Documents Required

For Salaried

• Age Proof/Photo ID Proof – PAN Card, Aadhaar Card
• Address Proof – Aadhaar card, driving license, passport, utility bill, rent agreement, voter ID
• Income Proof – Salary account bank statement for last 1 year, salary slip for last 3 months

For Self-employed Professionals

• Age Proof/Photo ID Proof – PAN card, aadhaar card
• Address Proof – Aadhaar card, driving license, passport, utility bill, rent agreement, voter ID
• Income Proof – Latest 2 ITRs both personal and business along with computation of income Advance tax challans if available, advance tax challan if available, bank account statement for last 1 year, latest 2 years P&L account and B/S both personal and business duly certified by CA

Also read: The list of home loan documents required by other banks & HFCs

Tamilnad Mercantile Bank Home Loan EMI Calculator

Check Home Loan Interest Rates Offered by Top Lenders Click Here

Tamilnad Mercantile Bank Home Loan Customer Care Details

Customers can reach out to Tamilnad Mercantile Bank through the below-mentioned details to get their home loan-related queries addressed.

• Toll-free number: 180 0425 0426
• Call: +91 9842 461 461
• Email: customerservice@tmbank.in