Tumkur Merchants Credit Co-Operative Ltd. (TMCC), a Multi-State Co-Operative Society headquartered in Tumkur, Karnataka, has announced attractive loan schemes for its members, offering Home Loans at 8.30 per cent per annum and New Car Loans at 8.60 per cent per annum, subject to terms and conditions.
Under the Home Loan scheme, members can avail financial assistance at a competitive interest rate of 8.30 per cent per annum, aimed at making home ownership more affordable. The scheme supports members for the construction or purchase of residential houses at reasonable borrowing costs.
In addition, TMCC has introduced a New Car Loan scheme at an interest rate of 8.60 per cent per annum, with the added benefit of no processing fee and no hidden charges. The New Car Loan offer is valid up to 10th January 2026, as per the inputs provided by the Society to Indian Cooperative.
Established in 2006 and registered under the Multi-State Co-Operative Societies Act, TMCC is ISO 9001:2015 certified and continues to expand its member-centric financial services across its operational areas.
