TMB EMI Calculator 2026
Calculate your monthly EMI for a Tamilnad Mercantile Bank home, car or personal loan. The interest rate is pre-filled with TMB's starting rate, and you can change any value. No PAN, no sign-up. Nothing leaves your browser.
Year-by-year repayment schedule
| Year | Principal paid | Interest paid | Balance left |
|---|
TMB loan interest rates (October 2026)
| TMB loan | Starting rate (p.a.) | Example loan | EMI |
|---|---|---|---|
| Home loan | Check with bank | ₹30 lakh, 20 yrs | ₹25,093 |
| Car loan | Check with bank | ₹8 lakh, 5 yrs | ₹16,704 |
| Personal loan | Check with bank | ₹5 lakh, 5 yrs | ₹10,871 |
How TMB calculates your EMI
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments. For example, a ₹30 lakh TMB home loan at 8.00% for 20 years has an EMI of about ₹25,093. Early EMIs are mostly interest, and the principal part grows every month.
About Tamilnad Mercantile Bank
Tamilnad Mercantile Bank is a private sector bank headquartered in Thoothukudi. Private banks often process loans quickly and price them by credit profile, so a strong CIBIL score can win you a noticeably lower rate.
Before you apply, see the TMB CIBIL score requirement, check how much loan you may be eligible for and make sure your total EMIs fit your income with the FOIR calculator.
Frequently asked questions
What is the EMI on a ₹30 lakh home loan from TMB?
At 8.00% (a typical rate for this kind of bank) for 20 years, the EMI is about ₹25,093 a month. You would pay about ₹30,22,368 in interest over the loan.
What is the EMI on a ₹5 lakh TMB personal loan?
At 11.00% for 5 years, the EMI is about ₹10,871 a month and the total interest is about ₹1,52,273.
Does my CIBIL score change my TMB interest rate?
Yes. Tamilnad Mercantile Bank gives its lowest rates to borrowers with strong credit scores, usually 750 or above. On a ₹30 lakh, 20-year home loan, just 1% more interest raises the EMI from about ₹25,093 to ₹26,992.
Is this the official TMB EMI calculator?
No. CibilScores.com is independent and not linked to Tamilnad Mercantile Bank. The EMI formula is the same one banks use, but your final rate, fees and EMI come from the bank's sanction letter.