Tamilnad Mercantile Bank Home Loan
Interest rates from 9.1% p.a. (up to 9.95%) · EMI from ₹40,591/month on a ₹50L loan over 30 years. Rates as of June 2026.
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About Tamilnad Mercantile Bank home loans
Tamil Nadu-based private lender offering home loans on amounts up to ₹5 crore.
TMB home loan EMI table (9.1% p.a.)
Monthly EMI at TMB's minimum rate. Tap any amount for the full breakdown.
How much interest will a TMB loan cost?
A ₹50 lakh TMB home loan at 9.1% over 20 years means about ₹58.74 L in total interest — on top of the ₹50 lakh you borrowed. Prepaying even ₹10,000/month can cut years off the loan and save several lakh in interest.
See your prepayment savings →Compare TMB with other lenders →
TMB home loan by city
Compare TMB with similar lenders
| Lender | Min Rate | ₹50L · 20yr EMI |
|---|---|---|
| TMB (this page) | 9.1% | ₹45,308 |
| IDFC First | 8.85% | ₹44,505 |
| Can Fin | 8.95% | ₹44,826 |
| Yes Bank | 9% | ₹44,986 |
| RBL | 9% | ₹44,986 |
| Grihum | 9.3% | ₹45,955 |
| SMFG Grihashakti | 9.35% | ₹46,118 |
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Frequently Asked Questions
What is the Tamilnad Mercantile Bank home loan interest rate in 2026?
Tamilnad Mercantile Bank offers home loans starting at 9.1% p.a., going up to 9.95% p.a. depending on your CIBIL score, loan amount, and income profile. Rates are as of June 2026; confirm the current rate with the lender before applying.
What is the EMI for a ₹50 lakh TMB home loan?
At 9.1% p.a., a ₹50 lakh TMB home loan has an EMI of about ₹45,308 for 20 years — roughly ₹40,591 for 30 years and ₹51,011 for 15 years. Use the NestSaver calculator for your exact amount.
What is the processing fee and maximum tenure for a TMB home loan?
Tamilnad Mercantile Bank's processing fee is Varies, with a maximum tenure of 30 years and funding of up to 90% of the property value (loan-to-value).
Is prepayment allowed on a TMB home loan?
Yes. RBI rules prohibit prepayment penalties on floating-rate home loans, so you can prepay a TMB home loan partially or fully at any time. The NestSaver prepayment simulator shows exactly how much interest and time you save.
Disclaimer: Interest rates shown are indicative, sourced as of June 2026, and the lowest published floating rate is typically reserved for borrowers with high credit scores. Actual rates depend on your profile, loan amount, and the property, and change frequently. Always confirm the current rate directly with Tamilnad Mercantile Bank before applying. NestSaver is an information and planning service, not a lender.