Manage Money

Bank Name

Holiday Loan from Tamilnad Mercantile Bank in Unnao

The industrial city of Unnao in the Indian state of Uttar Pradesh functions as the headquarter of the Unnao district. It has three industrial suburbs around it. Unnao is a part of Central Ganges Plain and the region falls under the Kanpur-Lucknow Counter Magnet Area. A new satellite town of Unnao by the name of Trans Ganga City is being built to develop Unnao as a major infrastructural and industrial and hub. Unnao was earlier known for its dense forest cover until the 12th century when Godo Singh of the Rajput clan cleared the forest and established a settlement in the area called Sawai Godo. This town went into the hands of the rulers of the Kannauj. A governor was appointed to look after the place, but he was killed by a Bisen Rajput called Unwant Rai Singh. Thus the area passed on to the usurper Unwant Rai Singh, who built a fort and renamed the place as Unnao after himself. Unnao is known for its leather, chemical industries and mosquito nets. Tanning is the biggest contributor to Unnaos economy, followed by the dye and printing of mosquito nets. The city has many historical buildings and structures apart from beautiful lakes and scenic landscapes.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs

Low interest rate Home Loan in Unnao, 24 April 2019 from Tamilnad Mercantile Bank

TMB, a private sector bank established in 1921 as Nadar bank, later the name changed to Tamilnad Mercantile Bank in November 1962. The head office of the Tamilnad Bank is at Thoothukudi, Tamil Nadu. The primary objective of founding TMB was to serve the Nadar business community, and the idea was proposed at the annual meeting of Nadar Mahajani Sangam at Tuticorin in 1920. AMMS Chinnamani Nadar found the other founding members of the bank and played a significant role in its formation in 1921. Outside Tamil Nadu, the bank opened its first branch in Bangalore in 1976. The bank had only four offices by 1947: Sivakasi, Tuticorin, Madurai, Virudhunagar. On 9 December 1984, the bank opened its first computerized branch in Tuticorin at WGC road. In 1983, the bank started using modern technologies and was the first to adopt computerization for branch level operations. All the 500 branches of the bank are connected using Infosys FINACLE software. For providing payment gateway services to its internet banking customers, TMB has partnered with Pay U India, Bill Desk, CC Avenue, etc. It is the first bank to provide POS machines and mobile banking to its customers. For connecting Head office with regional offices, the bank has adopted video conferencing facility. For ATM operations, TMB is a member of National Financial Switch.

Get your free Credit report that cost  Rs 1200 for FREE

1. Build your Credit Score

2. Reduce your Current Borrowing / EMI Costs