We characterize the natural diagonal almost product (locally product) structures on the tangent bundle of a Riemannian manifold. We obtain the conditions under which the tangent bundle endowed with the determined structure and with a metric of natural diagonal lift type is a Riemannian almost product (locally product) manifold, or an (almost) para-Hermitian manifold. We find the natural diagonal (almost) para-K"ahlerian structures on the tangent bundle, and we study the conditions under which they have constant para-holomorphic sectional curvature.