Key takeaways: Chola vs Federal Bank vs HDFC Bank
- On a car loan, HDFC Bank has the lowest published starting rate at 7.60%, against 9% at Chola and 7.90% at Federal Bank.
- On a two-wheeler loan, HDFC Bank has the lowest published starting rate at 9.99%, against 15% at Chola and 12.60% at Federal Bank.
- All of them publish a numeric starting rate for: car loan and two-wheeler loan. That is the part of this page you can rank like for like.
- No numeric starting rate on the loan provider's own site: Chola for personal loan and home loan. We show "Not published" instead of estimating.
- A starting rate is the best case. Ask each loan provider for its Key Fact Statement and compare the APR and total repayable amount before you choose.
Quick verdict: who each loan provider suits
Built only from figures the loan providers publish. It says where each loan provider is ahead on paper, not who will approve you.
Where Chola stands
No clear edge on the published figures we could compare. Check the product sections below and the Key Fact Statement.
Pick Federal Bank if you want
- The widest range of loan types with a published rate (7)
Pick HDFC Bank if you want
- The lower published starting car loan rate (7.60%)
- The lower published starting two-wheeler loan rate (9.99%)
Chola vs Federal Bank vs HDFC Bank at a glance
| Detail | Chola | Federal Bank | HDFC Bank |
|---|---|---|---|
| Loan provider type | NBFC | Private bank | Private bank |
| Legal name | Cholamandalam Investment and Finance Company Limited | The Federal Bank Limited | HDFC Bank Limited |
| Loan types with a published rate | Car loan, Two-wheeler loan | Personal loan, Home loan, Loan against property, Business loan, Education loan, Car loan, Two-wheeler loan | Personal loan, Home loan, Car loan, Two-wheeler loan |
| Personal loan: published rate | Not published | 11.75% to 18.99% p.a. | Starting from 9.99% |
| Personal loan: maximum tenure | Not published | 60 months | Not published |
| Home loan: published rate | Not published | 7.35% to 9.50% (term loan); 7.45% to 9.60% (overdraft); loans up to Rs 35 lakh priced 1% higher | 8% to 13.45% p.a. |
| Home loan: maximum tenure | Not published | 360 months (30 years) for residents; NRI capped at 20 years | Up to 30 years or till retirement age, whichever is lower |
| Official website | chola.com | federal.bank.in | hdfc.bank.in |
Searching for HDFC Bank vs Federal Bank vs Chola instead? It is the same comparison, so both open this page.
Chola vs Federal Bank vs HDFC Bank personal loan: rate, fees and tenure
Starting personal loan rates as published: Federal Bank from 11.75% and HDFC Bank from 9.99%. HDFC Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered. Chola has no personal loan terms we could verify on its official site.
| Detail | Chola | Federal Bank | HDFC Bank |
|---|---|---|---|
| Published rate | Not published | 11.75% to 18.99% p.a. | Starting from 9.99% |
| Rate basis | Not published | fixed | Not published |
| Loan amount | Not published | Not published | Up to Rs 50 Lakh |
| Maximum tenure | Not published | 60 months | Not published |
| Prepayment / foreclosure | Not published | Part or full prepayment allowed; charges not stated on page | Not published |
| Eligibility (as published) | Not published | Age 21 to 55 years; monthly net salary Rs.25,000 and above | Not published |
| Other terms published | Not published |
|
|
| Official source | Not published | federal.bank.in/personal-loans federal.bank.in/loan-rate | hdfc.bank.in/personal-loan |
EMI illustration: ₹5 lakh over 5 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Federal Bank | 11.75% | ₹11,059 | ₹1,63,550 | ₹6,63,550 |
| HDFC Bank | 9.99% | ₹10,621 | ₹1,37,264 | ₹6,37,264 |
Illustration only, at each loan provider's lowest published rate. It leaves out processing fees, GST, insurance and any other charges, and it is not an offer. Your approved rate may be higher.
Read the full guide: Personal loan
Chola vs Federal Bank vs HDFC Bank home loan: rate, fees and tenure
Starting home loan rates as published: Federal Bank from 7.35% and HDFC Bank from 8%. Federal Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered. Chola has no home loan terms we could verify on its official site.
| Detail | Chola | Federal Bank | HDFC Bank |
|---|---|---|---|
| Published rate | Not published | 7.35% to 9.50% (term loan); 7.45% to 9.60% (overdraft); loans up to Rs 35 lakh priced 1% higher | 8% to 13.45% p.a. |
| Rate basis | Not published | floating, linked to RBI Repo Rate | Policy Repo Rate + 2.50% to 7.95% |
| Loan amount | Not published | Rs. 1500 lakhs (page title says up to Rs 15 lakhs; inconsistent) | Rs 1 Lakh (EMI calculator lower bound) to Rs 10 Crore |
| Maximum tenure | Not published | 360 months (30 years) for residents; NRI capped at 20 years | Up to 30 years or till retirement age, whichever is lower |
| Processing fee | Not published | Not published | Salaried/self-employed professionals: up to 0.50% of loan or Rs 4,000 whichever is higher + taxes |
| Prepayment / foreclosure | Not published | No pre-closure charges; part or full prepayment allowed | Floating-rate: nil (except business-purpose loans); fixed-rate: 2% + taxes unless prepaid from own sources |
| Eligibility (as published) | Not published | Self-employed residents up to 65 years (80 with co-obligant); NRI age not above 55 at end of tenure | Salaried or self-employed resident Indian; min income Rs 25,000/month (salaried), Rs 3 lakh/year (self-employed) |
| Other terms published | Not published |
|
|
| Official source | Not published | federal.bank.in/housing-loan federal.bank.in/loan-rate | homeloans.hdfc.bank.in/housing-loans/home-loans |
EMI illustration: ₹50 lakh over 20 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Federal Bank | 7.35% | ₹39,822 | ₹45,57,354 | ₹95,57,354 |
| HDFC Bank | 8% | ₹41,822 | ₹50,37,281 | ₹1,00,37,281 |
Illustration only, at each loan provider's lowest published rate. It leaves out processing fees, GST, insurance and any other charges, and it is not an offer. Your approved rate may be higher.
Read the full guide: Home loan
Chola vs Federal Bank vs HDFC Bank loan against property: rate, fees and tenure
Only Federal Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. HDFC Bank does not publish a numeric starting rate for this product on its site. Chola has no loan against property terms we could verify on its official site.
| Detail | Chola | Federal Bank | HDFC Bank |
|---|---|---|---|
| Published rate | Not published | Property Power Loan 8.30% to 10.00% (term), 8.50% to 10.50% (overdraft) | Not published |
| Rate basis | Not published | floating, linked to RBI Repo Rate (fixed also available) | Not published |
| Loan amount | Not published | Up to Rs. 20 Crore | Up to 65% of property market value (LTV, not an amount cap) |
| Maximum tenure | Not published | 15 years (120 months) | Not published |
| Prepayment / foreclosure | Not published | Foreclosure and part-payment processes described; charges not stated | Not published |
| Eligibility (as published) | Not published | Resident/NRI/PIO; minimum age 24; salaried or self-employed; 720 or above credit score for better approval chances | Not published |
| Other terms published | Not published |
|
|
| Official source | Not published | federal.bank.in/loan-against-property federal.bank.in/loan-rate | hdfc.bank.in/loan-against-property |
Read the full guide: Loan against property
Chola vs Federal Bank vs HDFC Bank business loan: rate, fees and tenure
Only Federal Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. HDFC Bank does not publish a numeric starting rate for this product on its site. Chola has no business loan terms we could verify on its official site.
| Detail | Chola | Federal Bank | HDFC Bank |
|---|---|---|---|
| Published rate | Not published | Other Business Loans 10.85% to 16.60% (MSME, floating repo-linked); 11.90% to 17.75% (non-MSME, MCLR-linked) | Not published |
| Rate basis | Not published | repo-linked (MSME) / MCLR (non-MSME) / fixed | Not published |
| Loan amount | Not published | Up to Rs 20 crore (rate table scope) | Up to Rs 75 lakh |
| Maximum tenure | Not published | 120 months | Not published |
| Eligibility (as published) | Not published | Individuals, proprietorships, partnerships, LLPs, companies in manufacturing, services or trading | Not published |
| Other terms published | Not published |
|
|
| Official source | Not published | federal.bank.in/business-loans federal.bank.in/loan-rate | hdfc.bank.in/business-loan |
Read the full guide: Business loan
Chola vs Federal Bank vs HDFC Bank education loan: rate, fees and tenure
Only Federal Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. HDFC Bank does not publish a numeric starting rate for this product on its site. Chola has no education loan terms we could verify on its official site.
| Detail | Chola | Federal Bank | HDFC Bank |
|---|---|---|---|
| Published rate | Not published | 10.10% to 13.50% | Not published |
| Rate basis | Not published | floating, linked to RBI Repo Rate | Not published |
| Loan amount | Not published | Special Vidya Loan: Rs 10 lakhs (India), Rs 20 lakhs (abroad); Fed Scholars: Rs 20 lakhs | Up to Rs 10 lakh (education in India, per meta description) |
| Maximum tenure | Not published | Moratorium (course period + 1 year) plus 15 years | Not published |
| Processing fee | Not published | Fed Scholars: no processing fee | Not published |
| Eligibility (as published) | Not published | Indian national with admission to approved professional/technical course; vocational courses not eligible | Not published |
| Other terms published | Not published |
| Not published |
| Official source | Not published | federal.bank.in/education-and-career-loans federal.bank.in/loan-rate | hdfc.bank.in/education-loan |
Read the full guide: Education loan
Chola vs Federal Bank vs HDFC Bank vehicle loans
On a car loan, HDFC Bank has the lowest published starting rate at 7.60%, against 9% at Chola and 7.90% at Federal Bank. On a two-wheeler loan, HDFC Bank has the lowest published starting rate at 9.99%, against 15% at Chola and 12.60% at Federal Bank.
| Detail | Chola | Federal Bank | HDFC Bank |
|---|---|---|---|
| Car loan: published rate | 9% - 20% p.a. | 7.90% - 9.00% | 7.60% - 14.00% |
| Car loan: maximum tenure | Not published | 84 months | Up to 7 years |
| Car loan: processing fee | 0.5% - 2.5% + sourcing fee Rs 1,000 - 2,500 | 1% of loan (min ₹1,000, max ₹50,000) | Up to 0.5% of loan (min Rs 3,500, max Rs 8,000) |
| Two-wheeler loan: published rate | 15% - 28% p.a. | 12.60% - 16.00% | 9.99% - 25.02% |
| Two-wheeler loan: maximum tenure | Not published | 60 months | Not published |
| Two-wheeler loan: processing fee | 0.75% - 5% + sourcing fee Rs 500 - 2,500 | 2.50% (min ₹2,500) | Up to 2.5% of loan, plus documentation charges up to 2.25% |
Full vehicle loan comparison for Chola vs Federal Bank vs HDFC Bank (all vehicle types, EMI tables and sources) · Vehicle loans guide
Which is better: Chola, Federal Bank or HDFC Bank?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Car loan, lower starting rate: HDFC Bank (7.60%) versus 9% at Chola and 7.90% at Federal Bank.
- Two-wheeler loan, lower starting rate: HDFC Bank (9.99%) versus 15% at Chola and 12.60% at Federal Bank.
Pick on total cost, not the headline rate: ask each loan provider for the Key Fact Statement and compare the APR and total repayable amount. A low rate with a high processing fee can cost more than a slightly higher rate with no fee. If you already bank with one of them, a salary or relationship account can change the rate you are offered, so ask.
Bank type and how each loan provider sets its rate
Chola is an NBFC and Federal Bank and HDFC Bank are private banks.
How the loan providers' own pages say their rates are set:
- Federal Bank personal loan: fixed.
- Federal Bank home loan: floating, linked to RBI Repo Rate.
- HDFC Bank home loan: Policy Repo Rate + 2.50% to 7.95%.
Public sector banks, private banks and non-banking finance companies (NBFCs) price differently. Banks usually link floating rates to the RBI repo rate or their own benchmark and add a spread based on your credit score; NBFCs more often quote a wider range with a higher ceiling and charge higher processing fees. Some publish a range, some only a starting rate and some only a ceiling, which is why this page compares like with like and marks every gap as not published instead of guessing.
About Chola, Federal Bank and HDFC Bank
Chola
NBFC · Cholamandalam Investment and Finance Company Limited
We could not verify personal, home, business, gold, education or property loan terms on this loan provider's website; its vehicle loan terms are compared below.
Federal Bank
Private bank · The Federal Bank Limited
We found terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on Federal Bank's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 7.35% (Home loan)
HDFC Bank
Private bank · HDFC Bank Limited
We found terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on HDFC Bank's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 8% (Home loan)
Explore each loan provider: loans, calculators and more comparisons
Chola
More comparisons
Federal Bank
- Federal Bank vehicle loans
- Federal Bank car loan
- Federal Bank used car loan
- Federal Bank two-wheeler loan
More comparisons
Guides: Personal loans · Home loans · Car loan · Car loan EMI calculator · EMI calculators
What to check before you choose a loan provider
- Ask for the Key Fact Statement (KFS). RBI requires loan providers to give you one before you sign, showing the interest rate, all fees, the APR and the total amount you will repay.
- Compare APR, not the headline rate. Processing fee, documentation charges and insurance change the real cost.
- Check the rate basis. A floating rate moves with the loan provider's benchmark; a fixed rate does not. Ask when the rate resets.
- Ask about prepayment and foreclosure. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
- Read the eligibility and documents. Income, credit score, employment type and collateral decide the rate band you land in.
Terms used on this page
Plain meanings of the terms this comparison uses.
Starting rate: The lowest rate a loan provider advertises for a product. Most borrowers are offered a higher rate, because the final rate depends on credit score, income, employer and loan amount.
APR: Annual percentage rate. It adds the processing fee and other charges to the interest rate, so it shows the yearly cost of the loan better than the interest rate alone.
Key Fact Statement: A short summary the loan provider gives you before you sign. It lists the interest rate, every fee, the APR and the total amount you will repay. RBI requires it for retail loans.
Floating rate and repo rate: A floating rate moves with a benchmark, and for banks that is usually the RBI repo rate, the rate at which RBI lends to banks. A fixed rate stays the same for the period you agree.
Processing fee: A one-time charge for handling the application. It is usually a percentage of the loan amount plus GST, and it is often deducted before the money reaches you.
Credit score: A number from 300 to 900 that shows how you have repaid past loans and cards. A higher score usually gets you a lower rate.
Sources, method and last check
Every figure above comes from the loan provider's own website. We checked them on 12 October 2026 (vehicle loan figures on 4 October 2026) and list the pages used.
- Chola: cholamandalam.com/get-new-car-loans · files.cholamandalam.com/files/Interest+Rate+Policy+-+Mar2026.pdf · cholamandalam.com/get-two-wheeler-loans
- Federal Bank: federal.bank.in/personal-loans · federal.bank.in/loan-rate · federal.bank.in/housing-loan · federal.bank.in/loan-against-property · federal.bank.in/business-loans · federal.bank.in/gold-loans
- HDFC Bank: hdfc.bank.in/personal-loan · homeloans.hdfc.bank.in/housing-loans/home-loans · hdfc.bank.in/loan-against-property · hdfc.bank.in/business-loan · hdfc.bank.in/gold-loan · hdfc.bank.in/education-loan
| Loan provider | Official pages opened | Loan types with a published rate | Loan types where rate is not published | Last checked |
|---|---|---|---|---|
| Chola | 3 | 2 | 6 | 12 October 2026 |
| Federal Bank | 11 | 7 | 1 | 12 October 2026 |
| HDFC Bank | 8 | 4 | 4 | 12 October 2026 |
A "not published" count means we opened the loan provider's page for that product and the rate was not shown there, or the loan provider has no such page on its site. If you spot an error, tell us and we will correct it.
Method: we list only figures we could read on the loan provider's official pages. A blank means the loan provider does not publish that figure on the page we checked, and we never estimate one. Rankings use the published starting rate and published maximum tenure only. Read our editorial policy, how we make money and tell us about an error.
More loan provider comparisons
Chola compared with other loan providers (13)
Federal Bank compared with other loan providers (16)
HDFC Bank compared with other loan providers (16)
Head-to-head pages for these three loan providers (3)
Swap one loan provider (2)
Compare any two or three loan providers · Personal loans · Home loans · Vehicle loans
Frequently asked questions
Which is better: Chola, Federal Bank or HDFC Bank?
On a car loan, HDFC Bank has the lowest published starting rate at 7.60%, against 9% at Chola and 7.90% at Federal Bank. On a two-wheeler loan, HDFC Bank has the lowest published starting rate at 9.99%, against 15% at Chola and 12.60% at Federal Bank. A starting rate is the best case, not a typical offer, so confirm the annual percentage rate (APR) and total repayable amount in each loan provider's Key Fact Statement. Figures are as published on the loan providers' own websites and checked 12 October 2026. The better choice depends on your profile, the loan type, the amount and the fees in your offer letter.
HDFC Bank, Federal Bank or Chola: which should I pick for a loan?
Order does not change the comparison, so Chola vs Federal Bank vs HDFC Bank and HDFC Bank vs Federal Bank vs Chola are the same page. Start with the loan type you need: the sections above show each loan provider's published rate, fees, tenure and prepayment terms for it, and the lower starting rate is not always the lower total cost.
Which has the lower personal loan interest rate: Chola, Federal Bank or HDFC Bank?
HDFC Bank has the lower published starting rate. Published starting rates: Federal Bank 11.75% and HDFC Bank 9.99% (checked 12 October 2026). Your actual rate depends on your credit profile and the loan provider's approval.
Which has the lower home loan interest rate: Chola, Federal Bank or HDFC Bank?
Federal Bank has the lower published starting rate. Published starting rates: Federal Bank 7.35% and HDFC Bank 8% (checked 12 October 2026). Your actual rate depends on your credit profile and the loan provider's approval.
What is the home loan processing fee at Chola, Federal Bank and HDFC Bank?
Chola: not published. Federal Bank: not published. HDFC Bank: Salaried/self-employed professionals: up to 0.50% of loan or Rs 4,000 whichever is higher + taxes. Fees can change and GST is usually extra, so check the Key Fact Statement.
What is the maximum home loan tenure at Chola, Federal Bank and HDFC Bank?
Chola: not published. Federal Bank: 360 months (30 years) for residents; nri capped at 20 years. HDFC Bank: up to 30 years or till retirement age, whichever is lower.
How much personal loan can I get from Chola, Federal Bank and HDFC Bank?
Chola: not published. Federal Bank: not published. HDFC Bank: Up to Rs 50 Lakh. The loan provider decides the final amount from your income, credit score and existing obligations.
What is the EMI on a ₹5 lakh personal loan at Chola, Federal Bank and HDFC Bank?
Over 5 years at each loan provider's lowest published rate: Federal Bank about ₹11,059 a month at 11.75%; HDFC Bank about ₹10,621 a month at 9.99%. An illustration that leaves out fees, GST and insurance; your offered rate may be higher.
What is the EMI on a ₹50 lakh home loan at Chola, Federal Bank and HDFC Bank?
Over 20 years at each loan provider's lowest published rate: Federal Bank about ₹39,822 a month at 7.35%; HDFC Bank about ₹41,822 a month at 8%. An illustration that leaves out fees, GST and insurance; your offered rate may be higher.
Can I prepay or foreclose a home loan early at Chola, Federal Bank and HDFC Bank?
Chola: not published. Federal Bank: No pre-closure charges; part or full prepayment allowed. HDFC Bank: Floating-rate: nil (except business-purpose loans); fixed-rate: 2% + taxes unless prepaid from own sources. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
Which loans do Chola, Federal Bank and HDFC Bank publish rates for?
Chola: no numeric starting rate found outside vehicle loans. Federal Bank: personal loan, home loan, loan against property, business loan, education loan. HDFC Bank: personal loan, home loan. Based on each loan provider's own website, checked 12 October 2026.
Which is better for a car loan: Chola, Federal Bank or HDFC Bank?
On a car loan, HDFC Bank has the lowest published starting rate at 7.60%, against 9% at Chola and 7.90% at Federal Bank. See the full vehicle loan comparison for tenure, fees and EMI tables.
Are Chola, Federal Bank and HDFC Bank regulated by the RBI?
Federal Bank and HDFC Bank are banks regulated by the Reserve Bank of India (RBI); Chola is a non-banking finance company registered with and regulated by the RBI. Check a loan provider's registration on the RBI website before you apply, and apply only through its official channels.
How do I compare Chola, Federal Bank and HDFC Bank on real cost, not just the rate?
Ask each loan provider for its Key Fact Statement, then compare three numbers: the APR, the total amount you repay and the fees charged upfront, such as processing fee, documentation charge and insurance. The loan with the lower APR and the lower total repayment is the cheaper one, even when its headline rate looks higher.
Does my credit score change the rate at Chola, Federal Bank and HDFC Bank?
Yes. Loan providers keep their lowest published rate for borrowers with a strong credit score, usually 750 and above, and steady income. A lower score or a short work history usually means a higher rate, a higher processing fee or a smaller loan amount.
Are the rates on this page the rate I will get?
No. They are the rates the loan providers publish, usually a range or a starting rate. Your approved rate depends on your credit score, income, loan amount, tenure and, for secured loans, the asset. Always read the Key Fact Statement before you sign.
Does KhatuLoans lend money or charge for this comparison?
KhatuLoans is not a loan provider. The loan provider decides approval, rate and terms. Our comparisons are free to read, and we are not paid by the loan providers named here to rank them. See how we make money on our advertiser disclosure page.
KhatuLoans is not a loan provider and is not paid by the loan providers named here to rank them. Rates, fees and eligibility change; always confirm with the loan provider. Read our editorial policy and how we make money.