Bajaj Auto Credit vs Hero FinCorp vs TVS Credit at a glance
| Detail | Bajaj Auto Credit | Hero FinCorp | TVS Credit |
|---|---|---|---|
| Loan provider type | NBFC | NBFC | NBFC |
| Legal name | Bajaj Auto Credit Ltd (BACL) | Hero FinCorp Ltd | TVS Credit Services Ltd |
| Vehicle loans with a published rate | Two-wheeler loan, Electric two- and three-wheeler loan, Three-wheeler loan | Car loan, Two-wheeler loan, Used car loan, Electric two- and three-wheeler loan | Two-wheeler loan, Used car loan, Three-wheeler loan, Tractor loan, Commercial vehicle loan |
| Two-wheeler loan: published rate | Up to 30% p.a.annualised customer IRR | 14% - 36% p.a. | Up to 36% p.a.policy, 2023 |
| Two-wheeler loan: maximum tenure | 3-60 months | 60 months | 12-60 months |
| Official website | bajajautocredit.com | herofincorp.com | tvscredit.com |
Bajaj Auto Credit vs Hero FinCorp vs TVS Credit car loan: rate, fees and tenure
Only Hero FinCorp publishes a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Bajaj Auto Credit and TVS Credit do not publish a car loan rate on their website, so none is shown.
| Detail | Bajaj Auto Credit | Hero FinCorp | TVS Credit |
|---|---|---|---|
| Product | Not published | New Car Loan | Not published |
| Published rate | Not published | 9% - 18% p.a. | Not published |
| Maximum tenure | Not published | 120 months | Not published |
| Maximum funding | Not published | Up to 100% of on-road price; loan Rs 50,000 to Rs 25 lakh | Not published |
| Processing fee | Not published | Up to 3% of loan amount | Not published |
| Pre-closure / prepayment | Not published | Allowed subject to loan agreement terms (no figure published) | Not published |
| Other terms published | Not published |
| Not published |
| Official source | Not published | herofincorp.com | Not published |
Read the full guide: Car loan · EMI calculator
Bajaj Auto Credit vs Hero FinCorp vs TVS Credit two-wheeler loan: rate, fees and tenure
Only Bajaj Auto Credit, Hero FinCorp and TVS Credit publish a rate for this product with a stated starting figure, so a like-for-like ranking is not possible.
| Detail | Bajaj Auto Credit | Hero FinCorp | TVS Credit |
|---|---|---|---|
| Product | Two-Wheeler Loan | Two-Wheeler Loan | Two Wheeler Loan |
| Published rate | Up to 30% p.a.annualised customer IRR | 14% - 36% p.a. | Up to 36% p.a.policy, 2023 |
| Rate basis | Not published | Not published | Fixed IRR |
| Maximum tenure | 3-60 months | 60 months | 12-60 months |
| Maximum funding | Rs 9,999 to Rs 20 lakh | Up to 95% of cost / 100% on-road (as advertised); up to Rs 3.5 lakh | Up to 95% of on-road price |
| Processing fee | Up to 5% of loan amount | Varies by approved loan; no figure published | New 2W up to 8.85%; used 2W up to 5.9% (incl. GST) |
| Pre-closure / prepayment | 'Nominal foreclosure charges' (no figure published on page) | Foreclosure charges apply per loan agreement (no figure published) | 3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months |
| Other terms published |
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|
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| Official source | bajajautocredit.com | herofincorp.com herofincorp.com | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Two-wheeler loan · EMI calculator
Bajaj Auto Credit vs Hero FinCorp vs TVS Credit used car loan: rate, fees and tenure
Only Hero FinCorp and TVS Credit publish a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Bajaj Auto Credit does not publish a used car loan rate on its website, so none is shown.
| Detail | Bajaj Auto Credit | Hero FinCorp | TVS Credit |
|---|---|---|---|
| Product | Not published | Used Car Loan (Pre-Owned Car Loan) | Used Car Loan |
| Published rate | Not published | 11.5% - 26% p.a. | Up to 30% p.a.policy, 2023 |
| Rate basis | Not published | Not published | Fixed IRR |
| Maximum tenure | Not published | 60 months | 12-60 months |
| Maximum funding | Not published | Rs 50,000 to Rs 50 lakh | Up to 95% of asset value |
| Processing fee | Not published | Up to 4% | Up to 5.9% (schedule of charges) |
| Pre-closure / prepayment | Not published | 5% of principal outstanding, plus up to 6 months' interest if foreclosed within 6 months of disbursal | 6.5% of principal outstanding up to 12 months; 6% for 12-24 months; 5.5% after 24 months |
| Other terms published | Not published |
|
|
| Official source | Not published | herofincorp.com herofincorp.com | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Used car loan · EMI calculator
Bajaj Auto Credit vs Hero FinCorp vs TVS Credit electric two- and three-wheeler loan: rate, fees and tenure
Only Bajaj Auto Credit and Hero FinCorp publish a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Bajaj Auto Credit lists the longer maximum tenure (3-84 months). TVS Credit does not publish an electric two- and three-wheeler loan rate on its website, so none is shown.
| Detail | Bajaj Auto Credit | Hero FinCorp | TVS Credit |
|---|---|---|---|
| Product | Covered under Intracity Commercial Vehicle Loan | Electric Vehicle Loan (Electric Two Wheeler) | Electric Vehicle on EMI (under two-wheeler loans) |
| Published rate | Up to 30% p.a.annualised customer IRR | From 5.99%as advertised on application page | Not published |
| Maximum tenure | 3-84 months | 6-60 months | Not published |
| Maximum funding | Rs 10,000 to Rs 5 lakh | Up to Rs 2 lakh | Not published |
| Processing fee | Up to 5% of loan amount | 1-2% of loan amount | Not published |
| Other terms published |
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| Official source | bajajautocredit.com | herofincorp.com | tvscredit.com |
Read the full guide: Electric two- and three-wheeler loan
Bajaj Auto Credit vs Hero FinCorp vs TVS Credit three-wheeler loan: rate, fees and tenure
Only Bajaj Auto Credit and TVS Credit publish a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Bajaj Auto Credit lists the longer maximum tenure (3-84 months). Hero FinCorp does not publish a three-wheeler loan rate on its website, so none is shown.
| Detail | Bajaj Auto Credit | Hero FinCorp | TVS Credit |
|---|---|---|---|
| Product | Intracity Commercial Vehicle Loan (three-wheelers and Qute) | Not published | Three Wheeler Loan |
| Published rate | Up to 30% p.a.annualised customer IRR | Not published | 13% - 29% p.a.policy, 2023 |
| Rate basis | Not published | Not published | Fixed IRR |
| Maximum tenure | 3-84 months | Not published | 4 years |
| Maximum funding | Rs 10,000 to Rs 5 lakh | Not published | Based on vehicle and customer profile |
| Processing fee | Up to 5% of loan amount | Not published | Up to 5.9% |
| Pre-closure / prepayment | 'Nominal foreclosure charges' (no figure published on page) | Not published | 3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months |
| Other terms published |
| Not published |
|
| Official source | bajajautocredit.com | Not published | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Three-wheeler loan
Bajaj Auto Credit vs Hero FinCorp vs TVS Credit tractor loan: rate, fees and tenure
Only TVS Credit publishes a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Bajaj Auto Credit and Hero FinCorp do not publish a tractor loan rate on their website, so none is shown.
| Detail | Bajaj Auto Credit | Hero FinCorp | TVS Credit |
|---|---|---|---|
| Product | Not published | Not published | Tractor Loan (also Used Tractor Loan) |
| Published rate | Not published | Not published | New 11% - 25% p.a.; used 14% - 34% p.a.policy, 2023 |
| Rate basis | Not published | Not published | Fixed IRR |
| Maximum tenure | Not published | Not published | 12-72 months |
| Maximum funding | Not published | Not published | Up to 90% of tractor price |
| Processing fee | Not published | Not published | Up to 5.9% |
| Pre-closure / prepayment | Not published | Not published | 6% of future principal outstanding up to 12 months; 5% after |
| Other terms published | Not published | Not published |
|
| Official source | Not published | Not published | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Tractor loan
Bajaj Auto Credit vs Hero FinCorp vs TVS Credit commercial vehicle loan: rate, fees and tenure
Only TVS Credit publishes a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Bajaj Auto Credit and Hero FinCorp do not publish a commercial vehicle loan rate on their website, so none is shown.
| Detail | Bajaj Auto Credit | Hero FinCorp | TVS Credit |
|---|---|---|---|
| Product | Not published | Not published | Used Commercial Vehicle Loan (used only) |
| Published rate | Not published | Not published | Up to 30% p.a.policy, 2023 |
| Rate basis | Not published | Not published | Fixed IRR |
| Maximum tenure | Not published | Not published | 6-36 months |
| Processing fee | Not published | Not published | Up to 5.9% |
| Pre-closure / prepayment | Not published | Not published | 4% of principal outstanding up to 12 months; 5% for 13-36 months; 6% after 36 months |
| Other terms published | Not published | Not published |
|
| Official source | Not published | Not published | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Commercial vehicle loan
Which is better: Bajaj Auto Credit, Hero FinCorp or TVS Credit?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Electric two- and three-wheeler loan, longer maximum tenure: Bajaj Auto Credit (3-84 months). A longer tenure lowers the EMI but raises total interest.
- Three-wheeler loan, longer maximum tenure: Bajaj Auto Credit (3-84 months). 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.
Bank type and how each loan provider sets its rate
Bajaj Auto Credit, Hero FinCorp and TVS Credit are nbfcs.
What the loan providers' own pages say about how their rates are set:
- Bajaj Auto Credit publishes only a ceiling for its two-wheeler loan (Up to 30% p.a.), so it cannot be ranked on a starting rate.
- Bajaj Auto Credit publishes only a ceiling for its electric two- and three-wheeler loan (Up to 30% p.a.), so it cannot be ranked on a starting rate.
- Bajaj Auto Credit publishes only a ceiling for its three-wheeler loan (Up to 30% p.a.), so it cannot be ranked on a starting rate.
- TVS Credit two-wheeler loan: Fixed IRR.
- TVS Credit publishes only a ceiling for its two-wheeler loan (Up to 36% p.a.), so it cannot be ranked on a starting rate.
- TVS Credit used car loan: Fixed IRR.
- TVS Credit publishes only a ceiling for its used car loan (Up to 30% p.a.), so it cannot be ranked on a starting rate.
- TVS Credit three-wheeler loan: Fixed IRR.
Banks and non-banking finance companies (NBFCs) publish rates in different ways: some give a range, some only a starting rate and some only a maximum. That is why this page compares like with like and marks every gap as not published instead of guessing.
About Bajaj Auto Credit, Hero FinCorp and TVS Credit
Bajaj Auto Credit
NBFC · Bajaj Auto Credit Ltd (BACL)
Captive financier of Bajaj Auto, financing Bajaj two-wheelers, three-wheelers and Qute
Hero FinCorp
NBFC · Hero FinCorp Ltd
Captive financier for Hero MotoCorp two-wheelers, also offering car, personal, business and property loans
Lowest published starting rate: 5.99% (Electric two- and three-wheeler loan)
TVS Credit
NBFC · TVS Credit Services Ltd
Captive-linked financier for TVS Motor two-wheelers with wide rural reach; also used car, tractor, 3W and used CV loans
Lowest published starting rate: 11% (Tractor loan)
What to check before you choose a vehicle loan
- 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.
- Ask about pre-closure charges. Fixed-rate vehicle loans often carry charges for paying early; floating-rate loans to individuals cannot.
- Check what is bundled. Insurance, extended warranty or accessories added to the loan raise the amount you pay interest on. You are free to buy insurance elsewhere.
- Confirm the hypothecation. The loan provider's name is noted on the registration certificate. After the last EMI, collect the NOC and have it removed at the RTO.
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 4 October 2026 and list the pages used.
- Bajaj Auto Credit: bajajautocredit.com/two-wheeler-loan-interest-rates · bajajautocredit.com/three-wheeler-loan-interest-rates
- Hero FinCorp: herofincorp.com/new-car-loan · herofincorp.com/two-wheeler-loan-interest-rates · herofincorp.com/two-wheeler-loan · herofincorp.com/pre-owned-car-loan-interest-rates · herofincorp.com/used-car-loans · herofincorp.com/apply-now/electric-vehicle-loan
- TVS Credit: tvscredit.com/loans/two-wheeler-loans/ · tvscredit.com/wp-content/uploads/2023/11/Interest-Rate-Policy-Ver-2.1-Final.pdf · tvscredit.com/wp-content/uploads/2026/08/Schedule-of-Charges_-V4.2.pdf · tvscredit.com/loans/used-car-loans/ · tvscredit.com/loans/three-wheeler-loans/ · tvscredit.com/loans/tractor-loans/
Method: we list only figures we could find on the loan provider's official pages. A blank means the loan provider does not publish that figure, 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
Bajaj Auto Credit compared with other loan providers
Hero FinCorp compared with other loan providers
TVS Credit compared with other loan providers
Head-to-head pages for these three loan providers
Compare any two or three loan providers · Personal loans · Home loans · Vehicle loans
Frequently asked questions
Which is better for a two-wheeler loan: Bajaj Auto Credit, Hero FinCorp or TVS Credit?
On the two-wheeler loan, Bajaj Auto Credit publishes Up to 30% p.a., while Hero FinCorp publishes 14% - 36% p.a., while TVS Credit publishes Up to 36% p.a.. One of them gives only a ceiling or a different rate basis, so they cannot be ranked on a starting rate. 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 4 October 2026. The better choice depends on your profile, the loan amount and the fees in your offer letter.
What is the processing fee on a two-wheeler loan at Bajaj Auto Credit, Hero FinCorp and TVS Credit?
Bajaj Auto Credit: Up to 5% of loan amount. Hero FinCorp: Varies by approved loan; no figure published. TVS Credit: New 2W up to 8.85%; used 2W up to 5.9% (incl. GST). Fees can change and GST is usually extra, so check the Key Fact Statement.
What is the maximum two-wheeler loan tenure at Bajaj Auto Credit, Hero FinCorp and TVS Credit?
Bajaj Auto Credit: 3-60 months. Hero FinCorp: 60 months. TVS Credit: 12-60 months.
How much of the vehicle price can I borrow on a two-wheeler loan from Bajaj Auto Credit, Hero FinCorp and TVS Credit?
Bajaj Auto Credit: Rs 9,999 to Rs 20 lakh. Hero FinCorp: Up to 95% of cost / 100% on-road (as advertised); up to Rs 3.5 lakh. TVS Credit: Up to 95% of on-road price. Funding is usually profile-based, so the loan provider decides the final amount.
What other terms do Bajaj Auto Credit, Hero FinCorp and TVS Credit publish for a two-wheeler loan?
Bajaj Auto Credit: Rate varies by BACL credit and risk policy. Hero FinCorp: Zero down payment options. TVS Credit: Also finances used and other-OEM two-wheelers. Check each loan provider's page for eligibility and documents before you apply.
Can I prepay or foreclose a two-wheeler loan early at Bajaj Auto Credit, Hero FinCorp and TVS Credit?
Bajaj Auto Credit: 'Nominal foreclosure charges' (no figure published on page). Hero FinCorp: Foreclosure charges apply per loan agreement (no figure published). TVS Credit: 3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
Which vehicle loans do Bajaj Auto Credit, Hero FinCorp and TVS Credit publish rates for?
Bajaj Auto Credit: two-wheeler loan, electric two- and three-wheeler loan, three-wheeler loan. Hero FinCorp: car loan, two-wheeler loan, used car loan, electric two- and three-wheeler loan. TVS Credit: two-wheeler loan, used car loan, three-wheeler loan, tractor loan, commercial vehicle loan. Based on each loan provider's own website, checked 4 October 2026.
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 vehicle. 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 prices change; always confirm with the loan provider and dealer. Read our editorial policy and how we make money.