How do I make a repayment for my Two Wheeler Loan?
Repayment of the two wheeler loan can be made as Equated Monthly Installment (EMI). EMI should not exceed 40% of take-home salary and ADSCR should be minimum of 1.50:1 for others.
What can I provide for security of the TMB Two Wheeler Loan?
Security is mandatory to be provided in the form of hypothecation of the purchased two wheeler.
What is the interest rate offered two wheeler loan?
Are there any other important terms that I have to keep in mind when applying for TMB Two Wheeler Loan?
When applying for a two wheeler loan of Tamilnad Mercantile Bank, few things you should keep in mind –