Two more family members were rescued from their residence in a critical state late Sunday night and were being treated at hospital, administration official, Veera Rao, said.
The family which ran a school, committed suicide by consuming poison and police found a suicide note that said they were under a huge loan default, Rao added.
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The family, in the suicide note, asked authorities to sell their property to help settle the dues, according to the police.
Police were investigating if the family was under pressure from any private money lenders.
Madurai is notorious for unscrupulous money-lenders in spite a state-government ban and local media has reported on a number of cases of harassment by money-lenders.
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