Key takeaways: Mahindra Finance vs TVS Credit
- No numeric starting rate on the loan provider's own site: Mahindra Finance for personal loan and home loan and TVS Credit for 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.
Mahindra Finance vs TVS Credit at a glance
| Detail | Mahindra Finance | TVS Credit |
|---|---|---|
| Loan provider type | NBFC | NBFC |
| Legal name | Mahindra & Mahindra Financial Services Limited | TVS Credit Services Limited |
| Loan types with a published rate | Car loan | Personal loan, Two-wheeler loan |
| Personal loan: published rate | Attractive rates based on eligibility (figure not stated) | 14% to 35% per annum |
| Personal loan: maximum tenure | 36 months (mature customers); 18 months (current customers) | 36 months |
| Official website | mahindrafinance.com | tvscredit.com |
Searching for TVS Credit vs Mahindra Finance instead? It is the same comparison, so both open this page.
Mahindra Finance vs TVS Credit personal loan: rate, fees and tenure
Only TVS Credit publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Mahindra Finance does not publish a numeric starting rate for this product on its site.
| Detail | Mahindra Finance | TVS Credit |
|---|---|---|
| Published rate | Attractive rates based on eligibility (figure not stated) | 14% to 35% per annum |
| Rate basis | Not published | profile-based (varies by customer profile) |
| Loan amount | Not published | Rs. 30,000 to Rs. 2,00,000 |
| Maximum tenure | 36 months (mature customers); 18 months (current customers) | 36 months |
| Processing fee | Not published | Up to 5.9% (inclusive of GST) |
| Prepayment / foreclosure | Prepayment allowed; 'nominal pre-closure rate' (figure not stated) | 15-day cooling period; then % of principal outstanding: 16 days-12 months 7.08%; 13-24 months 4.72% |
| Eligibility (as published) | Not published | Monthly income above Rs. 25,000; CIBIL score above 700 |
| Other terms published |
|
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| Official source | mahindrafinance.com/loans/personal-loan/interest-rates-and-charges | tvscredit.com/loans/online-personal-loans tvscredit.com/loans/online-personal-loans/eligibility-and-documents |
Read the full guide: Personal loan
Mahindra Finance vs TVS Credit loan against property: rate, fees and tenure
None of these loan providers publishes a plain starting rate for a loan against property; some tie the rate to a benchmark and add a spread, which is shown in the table as published. Mahindra Finance lists the longer maximum tenure (30 years). Mahindra Finance and TVS Credit do not publish a numeric starting rate for this product on their site.
| Detail | Mahindra Finance | TVS Credit |
|---|---|---|
| Published rate | Based on employment type, income profile, credit history (figure not stated) | 7% to 36% p.a. (labelled Rate of Interest / APR) |
| Rate basis | Not published | reducing balance (per sample illustration) |
| Loan amount | ₹5 Crore (FAQ; headline cites ₹10 Crore) | Rs. 2 lakh (salaried); Rs. 3 lakh (self-employed) to Rs. 75 lakh |
| Maximum tenure | 30 years | 180 months |
| Processing fee | Not published | Up to 5.9% (inclusive of GST) |
| Prepayment / foreclosure | One FAQ says no early redemption charges; another refers to schedule of charges | Foreclosure charges 4% of future principal outstanding |
| Eligibility (as published) | Salaried and self-employed; property in serviceable area | Indian national; age 18-55 / 18-65 (page unclear); min 1 year employment/business; FAQ: CIBIL 700+, income Rs. 25,000/month |
| Other terms published |
|
|
| Official source | mahindrafinance.com/sme-loans/loan-against-property/interest-rates-and-charges | tvscredit.com/loans/loan-against-property |
Read the full guide: Loan against property
Mahindra Finance vs TVS Credit business loan: rate, fees and tenure
None of these loan providers publishes a plain starting rate for a business loan; some tie the rate to a benchmark and add a spread, which is shown in the table as published. Mahindra Finance and TVS Credit do not publish a numeric starting rate for this product on their site.
| Detail | Mahindra Finance | TVS Credit |
|---|---|---|
| Published rate | Based on eligibility (figure not stated) | Not published |
| Maximum tenure | 48 months | Not published |
| Processing fee | Not published | Up to 5.9% (inclusive of GST) |
| Prepayment / foreclosure | Not published | 4% of future principal outstanding (inclusive of GST) |
| Eligibility (as published) | Salaried and self-employed; KYC, business proof, 12 months bank statements; approval at loan provider's discretion | Not published |
| Other terms published |
|
|
| Official source | mahindrafinance.com/sme-loans/business-loan | tvscredit.com/loans/emerging-and-mid-corporate-business-loans |
Read the full guide: Business loan
Mahindra Finance vs TVS Credit vehicle loans
Vehicle loan terms as these loan providers publish them.
| Detail | Mahindra Finance | TVS Credit |
|---|---|---|
| Car loan: published rate | 8% - 25% p.a. | Not published |
| Car loan: maximum tenure | 5 years | Not published |
| Car loan: processing fee | Up to 2% of sanction amount (stated for non-Mahindra cars); not stated for Mahindra cars | Not published |
| Two-wheeler loan: published rate | Not published | Up to 36% p.a. |
| Two-wheeler loan: maximum tenure | Not published | 12-60 months |
| Two-wheeler loan: processing fee | Not published | New 2W up to 8.85%; used 2W up to 5.9% (incl. GST) |
Full vehicle loan comparison for Mahindra Finance vs TVS Credit (all vehicle types, EMI tables and sources) · Vehicle loans guide
Which is better: Mahindra Finance or TVS Credit?
No loan provider is best for everyone. This is how the published figures split, product by product.
- 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
Mahindra Finance and TVS Credit are NBFCs.
How the loan providers' own pages say their rates are set:
- TVS Credit personal loan: profile-based (varies by customer profile).
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 Mahindra Finance and TVS Credit
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.
TVS Credit
NBFC · TVS Credit Services Limited
We found terms for personal loan, loan against property, business loan and gold loan on TVS Credit's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 14% (Personal loan)
Explore each loan provider: loans, calculators and more comparisons
Mahindra Finance
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.
- 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
- TVS Credit: tvscredit.com/loans/online-personal-loans · tvscredit.com/loans/online-personal-loans/eligibility-and-documents · tvscredit.com/loans/loan-against-property · tvscredit.com/loans/emerging-and-mid-corporate-business-loans · tvscredit.com/loans/gold-loans · tvscredit.com/loans/two-wheeler-loans
| Loan provider | Official pages opened | Loan types with a published rate | Loan types where rate is not published | Last checked |
|---|---|---|---|---|
| Mahindra Finance | 6 | 1 | 7 | 12 October 2026 |
| TVS Credit | 8 | 2 | 6 | 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.
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Frequently asked questions
Which is better: Mahindra Finance or TVS Credit?
Mahindra Finance publishes a starting rate for 1 loan type; TVS Credit publishes a starting rate for 1 loan type, and no loan type has a published rate from every loan provider here, so this page compares what each one does publish (checked 12 October 2026): fees, tenure, amounts and prepayment terms side by side, without ranking on rate alone. The better choice depends on your profile, the loan type, the amount and the fees in your offer letter.
TVS Credit or Mahindra Finance: which should I pick for a loan?
Order does not change the comparison, so Mahindra Finance vs TVS Credit and TVS Credit vs Mahindra Finance 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 Mahindra Finance and TVS Credit?
Mahindra Finance: not published. TVS Credit: Up to 5.9% (inclusive of GST). Fees can change and GST is usually extra, so check the Key Fact Statement.
How much personal loan can I get from Mahindra Finance and TVS Credit?
Mahindra Finance: not published. TVS Credit: Rs. 30,000 to Rs. 2,00,000. The loan provider decides the final amount from your income, credit score and existing obligations.
Which loans do Mahindra Finance and TVS Credit publish rates for?
Mahindra Finance: no numeric starting rate found outside vehicle loans. TVS Credit: personal loan. Based on each loan provider's own website, checked 12 October 2026.
Are Mahindra Finance and TVS Credit regulated by the RBI?
Mahindra Finance and TVS Credit are non-banking finance companies 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 Mahindra Finance and TVS Credit 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 Mahindra Finance and TVS Credit?
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.