Federal Bank vs ICICI Bank vs TVS Credit at a glance
| Detail | Federal Bank | ICICI Bank | TVS Credit |
|---|---|---|---|
| Loan provider type | Private bank | Private bank | NBFC |
| Legal name | Federal Bank | ICICI Bank | TVS Credit Services Ltd |
| Vehicle loans with a published rate | Car loan, Two-wheeler loan, Used car loan, Commercial vehicle loan | Car loan, Two-wheeler loan, Used car loan, Electric car loan, Tractor loan | Two-wheeler loan, Used car loan, Three-wheeler loan, Tractor loan, Commercial vehicle loan |
| Two-wheeler loan: published rate | 12.60% - 16.00% | 10.25% - 26.10% | Up to 36% p.a.policy, 2023 |
| Two-wheeler loan: maximum tenure | 60 months | Up to 36 months | 12-60 months |
| Used car loan: published rate | 10.15% - 14.00% | From 9.75%; Q1 FY27 disbursed range 9.75% - 16.90% | Up to 30% p.a.policy, 2023 |
| Used car loan: maximum tenure | 60 months | Up to 84 months | 12-60 months |
| Official website | federal.bank.in | icici.bank.in | tvscredit.com |
Federal Bank vs ICICI Bank vs TVS Credit car loan: rate, fees and tenure
Starting car loan rates as published: Federal Bank from 7.90% and ICICI Bank from 8.40%. Federal Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. TVS Credit does not publish a car loan rate on its website, so none is shown.
| Detail | Federal Bank | ICICI Bank | TVS Credit |
|---|---|---|---|
| Product | Federal Personal Car Loan (new) | ICICI Bank Car Loan | Not published |
| Published rate | 7.90% - 9.00% | From 8.40%tenure >36 months; Q1 FY27 disbursed range 7.90% - 11.20% | Not published |
| Rate basis | Fixed (product page also lists 10.15% floating, repo-linked) | Not published | Not published |
| Maximum tenure | 84 months | Up to 84 months | Not published |
| Maximum funding | Up to 95% of on-road price | Up to 100% of on-road price | Not published |
| Processing fee | 1% of loan (min ₹1,000, max ₹50,000) | Up to Rs 8,500 + GST | Not published |
| Pre-closure / prepayment | Nil | Foreclosure: 3% (up to 12 months), 2% (13-24 months), nil after 24 months; part-prepay 3% up to 24 months, nil after | Not published |
| Other terms published |
|
| Not published |
| Official source | federal.bank.in federal.bank.in federal.bank.in | icici.bank.in icici.bank.in | Not published |
EMI illustration: ₹10 lakh over 60 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Federal Bank | 7.90% | ₹20,229 | ₹2,13,714 | ₹12,13,714 |
| ICICI Bank | 8.40% | ₹20,468 | ₹2,28,102 | ₹12,28,102 |
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.
Monthly EMI at other loan amounts (60 months)
| Loan amount | Federal Bank (7.90%) | ICICI Bank (8.40%) |
|---|---|---|
| ₹5 lakh | ₹10,114 | ₹10,234 |
| ₹10 lakh | ₹20,229 | ₹20,468 |
| ₹15 lakh | ₹30,343 | ₹30,703 |
| ₹20 lakh | ₹40,457 | ₹40,937 |
Read the full guide: Car loan · EMI calculator
Federal Bank vs ICICI Bank vs TVS Credit two-wheeler loan: rate, fees and tenure
Starting two-wheeler loan rates as published: Federal Bank from 12.60% and ICICI Bank from 10.25%. ICICI Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. Federal Bank lists the longer maximum tenure (60 months).
| Detail | Federal Bank | ICICI Bank | TVS Credit |
|---|---|---|---|
| Product | Federal Personal Car Loan (new two-wheeler) | ICICI Bank Two-Wheeler Loan | Two Wheeler Loan |
| Published rate | 12.60% - 16.00% | 10.25% - 26.10% | Up to 36% p.a.policy, 2023 |
| Rate basis | Fixed | Fixed | Fixed IRR |
| Maximum tenure | 60 months | Up to 36 months | 12-60 months |
| Maximum funding | Not published | Up to 100% of on-road price | Up to 95% of on-road price |
| Processing fee | 2.50% (min ₹2,500) | Up to 4% of loan amount | New 2W up to 8.85%; used 2W up to 5.9% (incl. GST) |
| Pre-closure / prepayment | Nil | 4% of principal outstanding (nil for eligible micro/small segment) | 3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months |
| Other terms published | Not published |
|
|
| Official source | federal.bank.in federal.bank.in federal.bank.in | icici.bank.in icici.bank.in | tvscredit.com tvscredit.com tvscredit.com |
EMI illustration: ₹1 lakh over 36 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Federal Bank | 12.60% | ₹3,350 | ₹20,606 | ₹1,20,606 |
| ICICI Bank | 10.25% | ₹3,238 | ₹16,585 | ₹1,16,585 |
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.
Monthly EMI at other loan amounts (36 months)
| Loan amount | Federal Bank (12.60%) | ICICI Bank (10.25%) |
|---|---|---|
| ₹0.5 lakh | ₹1,675 | ₹1,619 |
| ₹1 lakh | ₹3,350 | ₹3,238 |
| ₹1.5 lakh | ₹5,025 | ₹4,858 |
Read the full guide: Two-wheeler loan · EMI calculator
Federal Bank vs ICICI Bank vs TVS Credit used car loan: rate, fees and tenure
Starting used car loan rates as published: Federal Bank from 10.15% and ICICI Bank from 9.75%. ICICI Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. ICICI Bank lists the longer maximum tenure (up to 84 months).
| Detail | Federal Bank | ICICI Bank | TVS Credit |
|---|---|---|---|
| Product | Loan for Pre-Owned Cars | ICICI Bank Used Car Loan | Used Car Loan |
| Published rate | 10.15% - 14.00% | From 9.75%; Q1 FY27 disbursed range 9.75% - 16.90% | Up to 30% p.a.policy, 2023 |
| Rate basis | Fixed (product page also lists 15.05% floating) | Not published | Fixed IRR |
| Maximum tenure | 60 months | Up to 84 months | 12-60 months |
| Maximum funding | Up to 90% of vehicle value | Up to 100% (as published) | Up to 95% of asset value |
| Processing fee | 1% of loan (min ₹5,000, max ₹2,50,000) | 2% of loan, max Rs 20,000 + GST | Up to 5.9% (schedule of charges) |
| Pre-closure / prepayment | Nil | Same schedule as new car loan (per service-charges page) | 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 | federal.bank.in federal.bank.in federal.bank.in | icici.bank.in icici.bank.in | tvscredit.com tvscredit.com tvscredit.com |
EMI illustration: ₹5 lakh over 48 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Federal Bank | 10.15% | ₹12,717 | ₹1,10,432 | ₹6,10,432 |
| ICICI Bank | 9.75% | ₹12,621 | ₹1,05,825 | ₹6,05,825 |
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.
Monthly EMI at other loan amounts (48 months)
| Loan amount | Federal Bank (10.15%) | ICICI Bank (9.75%) |
|---|---|---|
| ₹3 lakh | ₹7,630 | ₹7,573 |
| ₹5 lakh | ₹12,717 | ₹12,621 |
| ₹8 lakh | ₹20,348 | ₹20,194 |
Read the full guide: Used car loan · EMI calculator
Federal Bank vs ICICI Bank vs TVS Credit electric car loan: rate, fees and tenure
Only ICICI Bank publishes a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Federal Bank and TVS Credit do not publish an electric car loan rate on their website, so none is shown.
| Detail | Federal Bank | ICICI Bank | TVS Credit |
|---|---|---|---|
| Product | Not published | ICICI Bank EV Car Loan | Not published |
| Published rate | Not published | From 9.10% | Not published |
| Maximum funding | Not published | Up to 100% of on-road price | Not published |
| Official source | Not published | icici.bank.in | Not published |
Read the full guide: Electric car loan
Federal Bank vs ICICI Bank vs TVS Credit three-wheeler 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. Federal Bank and ICICI Bank do not publish a three-wheeler loan rate on their website, so none is shown.
| Detail | Federal Bank | ICICI Bank | TVS Credit |
|---|---|---|---|
| Product | Not published | Not published | Three Wheeler Loan |
| Published rate | Not published | Not published | 13% - 29% p.a.policy, 2023 |
| Rate basis | Not published | Not published | Fixed IRR |
| Maximum tenure | Not published | Not published | 4 years |
| Maximum funding | Not published | Not published | Based on vehicle and customer profile |
| Processing fee | Not published | Not published | Up to 5.9% |
| Pre-closure / prepayment | Not published | Not published | 3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months |
| Other terms published | Not published | Not published |
|
| Official source | Not published | Not published | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Three-wheeler loan
Federal Bank vs ICICI Bank vs TVS Credit tractor loan: rate, fees and tenure
Starting tractor loan rates as published: ICICI Bank from 12% and TVS Credit from 11%. TVS Credit is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. Federal Bank does not publish a tractor loan rate on its website, so none is shown.
| Detail | Federal Bank | ICICI Bank | TVS Credit |
|---|---|---|---|
| Product | Not published | ICICI Bank Tractor Loan | Tractor Loan (also Used Tractor Loan) |
| Published rate | Not published | 12.00% - 21.00%Oct-Dec 2025 disbursed range | New 11% - 25% p.a.; used 14% - 34% p.a.policy, 2023 |
| Rate basis | Not published | Not published | Fixed IRR |
| Maximum tenure | Not published | 12 - 72 months | 12-72 months |
| Maximum funding | Not published | Not published | Up to 90% of tractor price |
| Processing fee | Not published | Up to 2% of loan + GST | Up to 5.9% |
| Pre-closure / prepayment | Not published | 4% of prepaid amount | 6% of future principal outstanding up to 12 months; 5% after |
| Other terms published | Not published |
|
|
| Official source | Not published | icici.bank.in icici.bank.in | tvscredit.com tvscredit.com tvscredit.com |
EMI illustration: ₹8 lakh over 60 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| ICICI Bank | 12% | ₹17,796 | ₹2,67,733 | ₹10,67,733 |
| TVS Credit | 11% | ₹17,394 | ₹2,43,636 | ₹10,43,636 |
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.
Monthly EMI at other loan amounts (60 months)
| Loan amount | ICICI Bank (12%) | TVS Credit (11%) |
|---|---|---|
| ₹5 lakh | ₹11,122 | ₹10,871 |
| ₹8 lakh | ₹17,796 | ₹17,394 |
| ₹12 lakh | ₹26,693 | ₹26,091 |
Read the full guide: Tractor loan
Federal Bank vs ICICI Bank vs TVS Credit commercial vehicle loan: rate, fees and tenure
Only Federal Bank and TVS Credit publish a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. ICICI Bank lists the longer maximum tenure (12 - 60 months). ICICI Bank does not publish a commercial vehicle loan rate on its website, so none is shown.
| Detail | Federal Bank | ICICI Bank | TVS Credit |
|---|---|---|---|
| Product | Commercial Vehicles & Construction Equipment Finance | ICICI Bank Commercial Vehicle Loan | Used Commercial Vehicle Loan (used only) |
| Published rate | 7.50% - 15% | Not published | Up to 30% p.a.policy, 2023 |
| Rate basis | Not published | Flat rate scheme | Fixed IRR |
| Maximum tenure | Not published | 12 - 60 months | 6-36 months |
| Maximum funding | Not published | Up to 100% of chassis value; body funding on request | Not published |
| Processing fee | 0.25% + GST (product page); charges schedule lists 2% | Not published | Up to 5.9% |
| Pre-closure / prepayment | Up to 3% | Allowed; charges per service charge schedule | 4% of principal outstanding up to 12 months; 5% for 13-36 months; 6% after 36 months |
| Other terms published |
|
|
|
| Official source | federal.bank.in federal.bank.in | icici.bank.in | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Commercial vehicle loan
Which is better: Federal Bank, ICICI Bank or TVS Credit?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Two-wheeler loan, lower starting rate: ICICI Bank (10.25%) versus 12.60% at Federal Bank.
- Used car loan, lower starting rate: ICICI Bank (9.75%) versus 10.15% at Federal Bank.
- Two-wheeler loan, longer maximum tenure: Federal Bank (60 months). A longer tenure lowers the EMI but raises total interest.
- Used car loan, longer maximum tenure: ICICI Bank (up to 84 months). A longer tenure lowers the EMI but raises total interest.
- Commercial vehicle loan, longer maximum tenure: ICICI Bank (12 - 60 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
Federal Bank and ICICI Bank are private banks and TVS Credit is a nbfc.
What the loan providers' own pages say about how their rates are set:
- Federal Bank car loan: Fixed (product page also lists 10.15% floating, repo-linked).
- Federal Bank two-wheeler loan: Fixed.
- Federal Bank used car loan: Fixed (product page also lists 15.05% floating).
- ICICI Bank two-wheeler loan: Fixed.
- ICICI Bank commercial vehicle loan: Flat rate scheme.
- 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.
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 Federal Bank, ICICI Bank and TVS Credit
Federal Bank
Private bank
Kerala-based private bank whose Personal Car Loan covers new cars, used cars and new two-wheelers on fixed rates, with no prepayment charges and free personal accident cover.
Lowest published starting rate: 7.50% (Commercial vehicle loan)
ICICI Bank
Private bank
Large private-sector loan provider with a digital-first car loan process, covering new, used and EV cars, two-wheelers, commercial vehicles and tractors.
Lowest published starting rate: 8.40% (Car 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.
- Federal Bank: federal.bank.in/retail-loans-interest-rates · federal.bank.in/personal-car-loan · federal.bank.in/car-loan-interest-rate · federal.bank.in/documents/d/guest/retail-loan-charges-07092926 · federal.bank.in/pre-owned-car-loan · federal.bank.in/commercial-vehicles
- ICICI Bank: icici.bank.in/personal-banking/loans/car-loan · icici.bank.in/personal-banking/loans/car-loan/service-charges · icici.bank.in/personal-banking/loans/two-wheeler-loan · icici.bank.in/personal-banking/loans/two-wheeler-loan/interest-rate · icici.bank.in/personal-banking/loans/car-loan/pre-owned-car-loans · icici.bank.in/personal-banking/loans/car-loan/ev-car-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
Federal Bank compared with other loan providers
ICICI Bank compared with other loan providers
TVS Credit compared with other loan providers
Head-to-head pages for these three loan providers
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Frequently asked questions
Which is better for a two-wheeler loan: Federal Bank, ICICI Bank or TVS Credit?
For a two-wheeler loan, ICICI Bank advertises the lower starting rate here (10.25%), versus 12.60% at Federal Bank. Federal Bank allows the longer maximum tenure (60 months). 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.
Which has the lower two-wheeler loan interest rate: Federal Bank, ICICI Bank or TVS Credit?
ICICI Bank has the lower published starting rate. Published starting rates: Federal Bank 12.60% and ICICI Bank 10.25% (checked 4 October 2026). Your actual rate depends on your credit profile and the loan provider's approval.
What is the processing fee on a two-wheeler loan at Federal Bank, ICICI Bank and TVS Credit?
Federal Bank: 2.50% (min ₹2,500). ICICI Bank: Up to 4% of loan amount. 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 Federal Bank, ICICI Bank and TVS Credit?
Federal Bank: 60 months. ICICI Bank: up to 36 months. TVS Credit: 12-60 months.
What is the EMI on a ₹1 lakh two-wheeler loan at Federal Bank, ICICI Bank and TVS Credit?
Over 36 months at each loan provider's lowest published rate: Federal Bank about ₹3,350 a month at 12.60%; ICICI Bank about ₹3,238 a month at 10.25%. This is an illustration that leaves out fees, GST and insurance. Your offered rate may be higher.
How much of the vehicle price can I borrow on a two-wheeler loan from Federal Bank, ICICI Bank and TVS Credit?
Federal Bank: not published. ICICI Bank: Up to 100% of on-road price. 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 Federal Bank, ICICI Bank and TVS Credit publish for a two-wheeler loan?
ICICI Bank: Minimal documentation. 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 Federal Bank, ICICI Bank and TVS Credit?
Federal Bank: Nil. ICICI Bank: 4% of principal outstanding (nil for eligible micro/small segment). 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 Federal Bank, ICICI Bank and TVS Credit publish rates for?
Federal Bank: car loan, two-wheeler loan, used car loan, commercial vehicle loan. ICICI Bank: car loan, two-wheeler loan, used car loan, electric car loan, tractor 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.