Key takeaways: ICICI Bank vs IDFC FIRST Bank vs Mahindra Finance
- For a car loan, Mahindra Finance starts lowest (8%) versus 8.40% at ICICI Bank and 8.99% at IDFC FIRST Bank.
- All of them publish a numeric starting rate for: car 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: IDFC FIRST Bank for home loan and Mahindra Finance 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 ICICI Bank stands
No clear edge on the published figures we could compare. Check the product sections below and the Key Fact Statement.
Where IDFC FIRST Bank stands
No clear edge on the published figures we could compare. Check the product sections below and the Key Fact Statement.
Pick Mahindra Finance if you want
- The lower published starting car loan rate (8%)
ICICI Bank vs IDFC FIRST Bank vs Mahindra Finance at a glance
| Detail | ICICI Bank | IDFC FIRST Bank | Mahindra Finance |
|---|---|---|---|
| Loan provider type | Private bank | Private bank | NBFC |
| Legal name | ICICI Bank Limited | IDFC FIRST Bank Limited | Mahindra & Mahindra Financial Services Limited |
| Loan types with a published rate | Personal loan, Home loan, Gold loan, Education loan, Car loan, Two-wheeler loan | Personal loan, Loan against property, Business loan, Education loan, Car loan, Two-wheeler loan | Car loan |
| Personal loan: published rate | Starts at 9.99% p.a. | Starts at 9.99% p.a. | Attractive rates based on eligibility (figure not stated) |
| Personal loan: maximum tenure | 84 months (min 12 months) | 60 months (min 9 months) | 36 months (mature customers); 18 months (current customers) |
| Home loan: published rate | Starts from 8.50% p.a. | Not stated as current rate (page shows indicative 7.75% p.a. comparison) | Not published |
| Home loan: maximum tenure | Up to 30 years based on eligibility | Up to 32 years salaried / 25 years self-employed | Not published |
| Official website | icici.bank.in | idfcfirstbank.com | mahindrafinance.com |
Searching for Mahindra Finance vs IDFC FIRST Bank vs ICICI Bank instead? It is the same comparison, so both open this page.
ICICI Bank vs IDFC FIRST Bank vs Mahindra Finance personal loan: rate, fees and tenure
Starting personal loan rates as published: ICICI Bank from 9.99% and IDFC FIRST Bank from 9.99%. The starting rates match, so processing fees, tenure, prepayment terms and your own credit profile decide which costs less. ICICI Bank lists the longer maximum tenure (84 months (min 12 months)). Mahindra Finance does not publish a numeric starting rate for this product on its site.
| Detail | ICICI Bank | IDFC FIRST Bank | Mahindra Finance |
|---|---|---|---|
| Published rate | Starts at 9.99% p.a. | Starts at 9.99% p.a. | Attractive rates based on eligibility (figure not stated) |
| Rate basis | fixed; varies by loan amount, profile, employment type, relationship | Reducing balance | Not published |
| Loan amount | Rs 50,000 to Rs 50,00,000 | ₹50,000 to ₹15 lakh | Not published |
| Maximum tenure | 84 months (min 12 months) | 60 months (min 9 months) | 36 months (mature customers); 18 months (current customers) |
| Processing fee | Up to 2% of loan amount + applicable taxes | 0% to 3.5% of loan amount (incl. GST) | Not published |
| Prepayment / foreclosure | Foreclosure allowed after 1 EMI; no foreclosure charges after 24 EMIs, charges may apply before per service charges | Zero foreclosure charges | Prepayment allowed; 'nominal pre-closure rate' (figure not stated) |
| Eligibility (as published) | Salaried age 18-58 (FAQ: 20-58), min income Rs 30,000/month; self-employed 23+; CIBIL 750+ preferred | Age 21-60; CIBIL 710 or above; salaried or self-employed | Not published |
| Other terms published |
|
|
|
| Official source | icici.bank.in/personal-banking/loans/personal-loan | idfcfirst.bank.in/personal-banking/loans/personal-loan | mahindrafinance.com/loans/personal-loan/interest-rates-and-charges |
EMI illustration: ₹5 lakh over 5 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| ICICI Bank | 9.99% | ₹10,621 | ₹1,37,264 | ₹6,37,264 |
| IDFC FIRST 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
ICICI Bank vs IDFC FIRST Bank vs Mahindra Finance home loan: rate, fees and tenure
Only ICICI Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. IDFC FIRST Bank lists the longer maximum tenure (up to 32 years salaried / 25 years self-employed). IDFC FIRST Bank does not publish a numeric starting rate for this product on its site. Mahindra Finance has no home loan terms we could verify on its official site.
| Detail | ICICI Bank | IDFC FIRST Bank | Mahindra Finance |
|---|---|---|---|
| Published rate | Starts from 8.50% p.a. | Not stated as current rate (page shows indicative 7.75% p.a. comparison) | Not published |
| Rate basis | floating (tied to RBI repo rate) or fixed; varies by profile | Floating, repo-linked | Not published |
| Loan amount | Up to Rs 10 crore (og description says Rs 5 crore) | ₹5 lakh (FAQ) to ₹10 crore | Not published |
| Maximum tenure | Up to 30 years based on eligibility | Up to 32 years salaried / 25 years self-employed | Not published |
| Processing fee | Up to 2% of loan amount + applicable taxes | Calculated on loan amount plus GST; percentage not stated | Not published |
| Prepayment / foreclosure | Nil for floating-rate home loans; fixed-rate not stated | No foreclosure charges on floating-rate loans; floating-to-fixed switch 0.1% of sanctioned amount or ₹10,000, whichever… | Not published |
| Eligibility (as published) | Age 20-65 salaried, 21-70 self-employed; credit score 700+ (FAQ: ideally 750+); residents and NRIs | Salaried 21-60, 3 yrs experience, min income ₹1 lakh p.a.; self-employed 23-70, 4 yrs business continuity, min income ₹1.5 lakh… | Not published |
| Other terms published |
|
| Not published |
| Official source | icici.bank.in/personal-banking/loans/home-loan | idfcfirst.bank.in/personal-banking/loans/home-loan | Not published |
Read the full guide: Home loan
ICICI Bank vs IDFC FIRST Bank vs Mahindra Finance loan against property: rate, fees and tenure
Only IDFC FIRST Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Mahindra Finance lists the longer maximum tenure (30 years). ICICI Bank and Mahindra Finance do not publish a numeric starting rate for this product on their site.
| Detail | ICICI Bank | IDFC FIRST Bank | Mahindra Finance |
|---|---|---|---|
| Published rate | Not published | 8.75% p.a. (per page title) | Based on employment type, income profile, credit history (figure not stated) |
| Loan amount | Up to 75% of property market value may be availed (LTV, per FAQ) | Up to ₹15 crore | ₹5 Crore (FAQ; headline cites ₹10 Crore) |
| Maximum tenure | Up to 15 years | Up to 25 years | 30 years |
| Prepayment / foreclosure | Nil foreclosure charges for SMEs; others per service charges page | Not published | One FAQ says no early redemption charges; another refers to schedule of charges |
| Eligibility (as published) | Age 20-65 salaried, 21-70 self-employed; credit score 700+; residents and NRIs | Not published | Salaried and self-employed; property in serviceable area |
| Other terms published |
|
|
|
| Official source | icici.bank.in/personal-banking/loans/home-loan/loan-against-property | idfcfirst.bank.in/personal-banking/loans/loan-against-property | mahindrafinance.com/sme-loans/loan-against-property/interest-rates-and-charges |
Read the full guide: Loan against property
ICICI Bank vs IDFC FIRST Bank vs Mahindra Finance business loan: rate, fees and tenure
Only IDFC FIRST Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. ICICI Bank and Mahindra Finance do not publish a numeric starting rate for this product on their site.
| Detail | ICICI Bank | IDFC FIRST Bank | Mahindra Finance |
|---|---|---|---|
| Published rate | Secured: up to Repo Rate + 6.0% (non-PSL); CGTMSE-backed: up to Repo Rate + 6.50% | Starting at 13% p.a. | Based on eligibility (figure not stated) |
| Rate basis | repo-linked | Fixed for term loan; dropline overdraft interest on utilised amount | Not published |
| Loan amount | Not published | ₹7 lakh to ₹1 crore | Not published |
| Maximum tenure | Not published | 48 months (min 12 months) | 48 months |
| Processing fee | Up to 2% of facility amount + applicable taxes | Up to 3.5% of loan amount (term loan) plus GST | Not published |
| Prepayment / foreclosure | Per sanction letter terms; nil foreclosure charges for micro and small enterprises | Not published | Not published |
| Eligibility (as published) | Not published | MSMEs, proprietors, partnerships, LLPs, companies; age 28-68 at maturity; turnover ₹1 crore or more; 3 years vintage | Salaried and self-employed; KYC, business proof, 12 months bank statements; approval at loan provider's discretion |
| Other terms published | Not published |
|
|
| Official source | icici.bank.in/business-banking/business-loans/schedule-of-charges | idfcfirst.bank.in/business-banking/loans/business-loan | mahindrafinance.com/sme-loans/business-loan |
Read the full guide: Business loan
ICICI Bank vs IDFC FIRST Bank vs Mahindra Finance gold loan: rate, fees and tenure
Only ICICI Bank publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. IDFC FIRST Bank does not publish a numeric starting rate for this product on its site. Mahindra Finance has no gold loan terms we could verify on its official site.
| Detail | ICICI Bank | IDFC FIRST Bank | Mahindra Finance |
|---|---|---|---|
| Published rate | Ranges from 8.55% to 16.50% (Q4 Jan-Mar 2026 per page; FAQ min 8.75%, meta description 'starting at 9.25%') | Starts at 0.82% per month (range 0.82% to 1.67% per month) | Not published |
| Rate basis | Not published | Fixed, no step-up | Not published |
| Loan amount | Up to Rs 3 crore (meta description says Rs 2 Cr) | ₹25,001 to ₹75,00,000 (EMI/Monthly Interest schemes); ₹20,00,000 (Bullet) | Not published |
| Maximum tenure | Not published | 60 months (Bullet up to 12 months) | Not published |
| Processing fee | Up to 2% of loan amount + applicable taxes | Not published | Not published |
| Prepayment / foreclosure | Not published | Nominal foreclosure fee applies; amount not stated | Not published |
| Eligibility (as published) | Indian citizens aged 18-85 | Resident individuals 18-70; gold jewellery 18-22 karat | Not published |
| Other terms published |
|
| Not published |
| Official source | icici.bank.in/personal-banking/loans/gold-loan | idfcfirst.bank.in/personal-banking/loans/gold-loan | Not published |
Read the full guide: Gold loan
ICICI Bank vs IDFC FIRST Bank vs Mahindra Finance education loan: rate, fees and tenure
Starting education loan rates as published: ICICI Bank from 8.50% and IDFC FIRST Bank from 9.50%. ICICI Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered. Mahindra Finance has no education loan terms we could verify on its official site.
| Detail | ICICI Bank | IDFC FIRST Bank | Mahindra Finance |
|---|---|---|---|
| Published rate | Starts at 8.50% p.a. up to 10.25% p.a. (indicative) | Secured 9.5% to 11.25% p.a.; unsecured 11.75% to 14% p.a. | Not published |
| Rate basis | varies by secured/unsecured, course type and institute category | Floating, repo-linked | Not published |
| Loan amount | Up to Rs 3 crore | ₹1 lakh to ₹2 crore (collateral-free up to ₹1.5 crore) | Not published |
| Maximum tenure | Up to 15 years | Up to 15 years | Not published |
| Processing fee | Not published | Nil up to ₹7.5 lakh; above that up to 1.5% of loan amount | Not published |
| Prepayment / foreclosure | No foreclosure charges | Nil; no charge on foreclosure or part-payment | Not published |
| Eligibility (as published) | Indian national; age 16-65 at maturity; 10+2 or diploma; confirmed admission to listed institute; good academic record | Indian nationals incl. NRIs; age 18+; admission to authorised institution; co-applicant required | Not published |
| Other terms published |
|
| Not published |
| Official source | icici.bank.in/personal-banking/loans/education-loan | idfcfirst.bank.in/personal-banking/loans/education-loan | Not published |
Read the full guide: Education loan
ICICI Bank vs IDFC FIRST Bank vs Mahindra Finance vehicle loans
For a car loan, Mahindra Finance starts lowest (8%) versus 8.40% at ICICI Bank and 8.99% at IDFC FIRST Bank. On a two-wheeler loan, IDFC FIRST Bank has the lower published starting rate at 9%, against 10.25% at ICICI Bank.
| Detail | ICICI Bank | IDFC FIRST Bank | Mahindra Finance |
|---|---|---|---|
| Car loan: published rate | From 8.40% | From 8.99% | 8% - 25% p.a. |
| Car loan: maximum tenure | Up to 84 months | 10 years (120 months) | 5 years |
| Car loan: processing fee | Up to Rs 8,500 + GST | Up to 5% of loan amount (incl. GST) | Up to 2% of sanction amount (stated for non-Mahindra cars); not stated for Mahindra cars |
| Two-wheeler loan: published rate | 10.25% - 26.10% | From 9% | Not published |
| Two-wheeler loan: maximum tenure | Up to 36 months | 60 months | Not published |
| Two-wheeler loan: processing fee | Up to 4% of loan amount | Up to 5% (product page advertises zero processing fees) | Not published |
Full vehicle loan comparison for ICICI Bank vs IDFC FIRST Bank vs Mahindra Finance (all vehicle types, EMI tables and sources) · Vehicle loans guide
Which is better: ICICI Bank, IDFC FIRST Bank or Mahindra Finance?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Car loan, lower starting rate: Mahindra Finance (8%) versus 8.40% at ICICI Bank and 8.99% at IDFC FIRST Bank.
- Personal loan, longer maximum tenure: ICICI Bank (84 months (min 12 months)). A longer tenure lowers the EMI but raises total interest.
- Home loan, longer maximum tenure: IDFC FIRST Bank (up to 32 years salaried / 25 years self-employed). A longer tenure lowers the EMI but raises total interest.
- Loan against property, longer maximum tenure: Mahindra Finance (30 years). A longer tenure lowers the EMI but raises total interest.
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
ICICI Bank and IDFC FIRST Bank are private banks and Mahindra Finance is an NBFC.
How the loan providers' own pages say their rates are set:
- ICICI Bank personal loan: fixed; varies by loan amount, profile, employment type, relationship.
- ICICI Bank home loan: floating (tied to RBI repo rate) or fixed; varies by profile.
- IDFC FIRST Bank personal loan: Reducing balance.
- IDFC FIRST Bank home loan: Floating, repo-linked.
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 ICICI Bank, IDFC FIRST Bank and Mahindra Finance
ICICI Bank
Private bank · ICICI Bank Limited
We found terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on ICICI Bank's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 8.50% (Home loan)
IDFC FIRST Bank
Private bank · IDFC FIRST Bank Limited
We found terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on IDFC FIRST Bank's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 8.75% (Loan against property)
Mahindra Finance
NBFC · Mahindra & Mahindra Financial Services Limited
We found terms for personal loan, loan against property and business loan on Mahindra Finance's website. Where a rate is missing, the tables on this page say Not published.
Explore each loan provider: loans, calculators and more comparisons
ICICI Bank
More comparisons
IDFC FIRST Bank
- IDFC FIRST Bank vehicle loans
- IDFC FIRST Bank car loan
- IDFC FIRST Bank used car loan
- IDFC FIRST 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.
- ICICI Bank: icici.bank.in/personal-banking/loans/personal-loan · icici.bank.in/personal-banking/loans/home-loan · icici.bank.in/personal-banking/loans/home-loan/loan-against-property · icici.bank.in/business-banking/business-loans/schedule-of-charges · icici.bank.in/personal-banking/loans/gold-loan · icici.bank.in/personal-banking/loans/education-loan
- IDFC FIRST Bank: idfcfirst.bank.in/personal-banking/loans/personal-loan · idfcfirst.bank.in/personal-banking/loans/home-loan · idfcfirst.bank.in/personal-banking/loans/loan-against-property · idfcfirst.bank.in/business-banking/loans/business-loan · idfcfirst.bank.in/personal-banking/loans/gold-loan · idfcfirst.bank.in/personal-banking/loans/education-loan
- Mahindra Finance: mahindrafinance.com/loans/personal-loan/interest-rates-and-charges · mahindrafinance.com/sme-loans/loan-against-property/interest-rates-and-charges · mahindrafinance.com/sme-loans/business-loan · mahindrafinance.com/loans/car-loan · media.mahindrafinance.com/2025/02/Interest-Rate-Policy_Updated_21-July26_clean.pdf · mahindrafinance.com/loans/retail-loan-fees-and-charges
| Loan provider | Official pages opened | Loan types with a published rate | Loan types where rate is not published | Last checked |
|---|---|---|---|---|
| ICICI Bank | 10 | 6 | 2 | 12 October 2026 |
| IDFC FIRST Bank | 10 | 6 | 2 | 12 October 2026 |
| Mahindra Finance | 6 | 1 | 7 | 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
ICICI Bank compared with other loan providers (16)
IDFC FIRST Bank compared with other loan providers (14)
Head-to-head pages for these three loan providers (1)
Swap one loan provider (2)
Compare any two or three loan providers · Personal loans · Home loans · Vehicle loans
Frequently asked questions
Which is better: ICICI Bank, IDFC FIRST Bank or Mahindra Finance?
For a car loan, Mahindra Finance starts lowest (8%) versus 8.40% at ICICI Bank and 8.99% at IDFC FIRST 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.
Mahindra Finance, IDFC FIRST Bank or ICICI Bank: which should I pick for a loan?
Order does not change the comparison, so ICICI Bank vs IDFC FIRST Bank vs Mahindra Finance and Mahindra Finance vs IDFC FIRST Bank vs ICICI Bank 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.
What is the personal loan processing fee at ICICI Bank, IDFC FIRST Bank and Mahindra Finance?
ICICI Bank: Up to 2% of loan amount + applicable taxes. IDFC FIRST Bank: 0% to 3.5% of loan amount (incl. GST). Mahindra Finance: not published. Fees can change and GST is usually extra, so check the Key Fact Statement.
What is the home loan processing fee at ICICI Bank, IDFC FIRST Bank and Mahindra Finance?
ICICI Bank: Up to 2% of loan amount + applicable taxes. IDFC FIRST Bank: Calculated on loan amount plus GST; percentage not stated. Mahindra Finance: not published. Fees can change and GST is usually extra, so check the Key Fact Statement.
What is the maximum home loan tenure at ICICI Bank, IDFC FIRST Bank and Mahindra Finance?
ICICI Bank: up to 30 years based on eligibility. IDFC FIRST Bank: up to 32 years salaried / 25 years self-employed. Mahindra Finance: not published.
How much personal loan can I get from ICICI Bank, IDFC FIRST Bank and Mahindra Finance?
ICICI Bank: Rs 50,000 to Rs 50,00,000. IDFC FIRST Bank: ₹50,000 to ₹15 lakh. Mahindra Finance: not published. 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 ICICI Bank, IDFC FIRST Bank and Mahindra Finance?
Over 5 years at each loan provider's lowest published rate: ICICI Bank about ₹10,621 a month at 9.99%; IDFC FIRST Bank about ₹10,621 a month at 9.99%. 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 ICICI Bank, IDFC FIRST Bank and Mahindra Finance?
ICICI Bank: Nil for floating-rate home loans; fixed-rate not stated. IDFC FIRST Bank: No foreclosure charges on floating-rate loans; floating-to-fixed switch 0.1% of sanctioned amount or ₹10,000, whichever…. Mahindra Finance: not published. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
Which loans do ICICI Bank, IDFC FIRST Bank and Mahindra Finance publish rates for?
ICICI Bank: personal loan, home loan, gold loan, education loan. IDFC FIRST Bank: personal loan, loan against property, business loan, education loan. Mahindra Finance: no numeric starting rate found outside vehicle loans. Based on each loan provider's own website, checked 12 October 2026.
Which is better for a car loan: ICICI Bank, IDFC FIRST Bank or Mahindra Finance?
For a car loan, Mahindra Finance starts lowest (8%) versus 8.40% at ICICI Bank and 8.99% at IDFC FIRST Bank. See the full vehicle loan comparison for tenure, fees and EMI tables.
Are ICICI Bank, IDFC FIRST Bank and Mahindra Finance regulated by the RBI?
ICICI Bank and IDFC FIRST Bank are banks regulated by the Reserve Bank of India (RBI); Mahindra Finance 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 ICICI Bank, IDFC FIRST Bank and Mahindra Finance 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 ICICI Bank, IDFC FIRST Bank and Mahindra Finance?
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.