ICICI Bank vs Tata Capital vs TVS Credit at a glance
| Detail | ICICI Bank | Tata Capital | TVS Credit |
|---|---|---|---|
| Loan provider type | Private bank | NBFC | NBFC |
| Legal name | ICICI Bank | Tata Capital Ltd | TVS Credit Services Ltd |
| Vehicle loans with a published rate | Car loan, Two-wheeler loan, Used car loan, Electric car loan, Tractor loan | Car loan, Two-wheeler loan, Used car loan, Commercial vehicle loan | Two-wheeler loan, Used car loan, Three-wheeler loan, Tractor loan, Commercial vehicle loan |
| Two-wheeler loan: published rate | 10.25% - 26.10% | From 12.5% p.a. | Up to 36% p.a.policy, 2023 |
| Two-wheeler loan: maximum tenure | Up to 36 months | 60 months | 12-60 months |
| Used car loan: published rate | From 9.75%; Q1 FY27 disbursed range 9.75% - 16.90% | From 10.49% p.a. | Up to 30% p.a.policy, 2023 |
| Used car loan: maximum tenure | Up to 84 months | 72 months | 12-60 months |
| Official website | icici.bank.in | tatacapital.com | tvscredit.com |
ICICI Bank vs Tata Capital vs TVS Credit car loan: rate, fees and tenure
Starting car loan rates as published: ICICI Bank from 8.40% and Tata Capital from 9.49%. 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. TVS Credit does not publish a car loan rate on its website, so none is shown.
| Detail | ICICI Bank | Tata Capital | TVS Credit |
|---|---|---|---|
| Product | ICICI Bank Car Loan | New Car Loan | Not published |
| Published rate | From 8.40%tenure >36 months; Q1 FY27 disbursed range 7.90% - 11.20% | From 9.49% p.a. | Not published |
| Rate basis | Not published | Fixed and floating options | Not published |
| Maximum tenure | Up to 84 months | 84 months (product page); rates page calculator shows 72 months | Not published |
| Maximum funding | Up to 100% of on-road price | Up to 100% on-road; loan up to Rs 5 crore | Not published |
| Processing fee | Up to Rs 8,500 + GST | Up to 2.95% of loan amount | Not published |
| Pre-closure / prepayment | Foreclosure: 3% (up to 12 months), 2% (13-24 months), nil after 24 months; part-prepay 3% up to 24 months, nil after | 6% of principal outstanding within 12 months; 5% after 12 months (same for part-prepayment) | Not published |
| Other terms published |
|
| Not published |
| Official source | icici.bank.in icici.bank.in | tatacapital.com tatacapital.com | Not published |
EMI illustration: ₹10 lakh over 60 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| ICICI Bank | 8.40% | ₹20,468 | ₹2,28,102 | ₹12,28,102 |
| Tata Capital | 9.49% | ₹20,997 | ₹2,59,818 | ₹12,59,818 |
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 (8.40%) | Tata Capital (9.49%) |
|---|---|---|
| ₹5 lakh | ₹10,234 | ₹10,498 |
| ₹10 lakh | ₹20,468 | ₹20,997 |
| ₹15 lakh | ₹30,703 | ₹31,495 |
| ₹20 lakh | ₹40,937 | ₹41,994 |
Read the full guide: Car loan · EMI calculator
ICICI Bank vs Tata Capital vs TVS Credit two-wheeler loan: rate, fees and tenure
Starting two-wheeler loan rates as published: ICICI Bank from 10.25% and Tata Capital from 12.50%. 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. Tata Capital lists the longer maximum tenure (60 months).
| Detail | ICICI Bank | Tata Capital | TVS Credit |
|---|---|---|---|
| Product | ICICI Bank Two-Wheeler Loan | Two-Wheeler Loan | Two Wheeler Loan |
| Published rate | 10.25% - 26.10% | From 12.5% p.a. | Up to 36% p.a.policy, 2023 |
| Rate basis | Fixed | Fixed | Fixed IRR |
| Maximum tenure | Up to 36 months | 60 months | 12-60 months |
| Maximum funding | Up to 100% of on-road price | Up to 100% for loans up to Rs 2.85 lakh; up to Rs 15 lakh for premium/superbikes | Up to 95% of on-road price |
| Processing fee | Up to 4% of loan amount | Up to 4% + taxes | New 2W up to 8.85%; used 2W up to 5.9% (incl. GST) |
| Pre-closure / prepayment | 4% of principal outstanding (nil for eligible micro/small segment) | Foreclosure 5% of principal outstanding; part-prepayment 5% of amount | 3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months |
| Other terms published |
|
|
|
| Official source | icici.bank.in icici.bank.in | tatacapital.com | tvscredit.com tvscredit.com tvscredit.com |
EMI illustration: ₹1 lakh over 36 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| ICICI Bank | 10.25% | ₹3,238 | ₹16,585 | ₹1,16,585 |
| Tata Capital | 12.50% | ₹3,345 | ₹20,433 | ₹1,20,433 |
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 | ICICI Bank (10.25%) | Tata Capital (12.50%) |
|---|---|---|
| ₹0.5 lakh | ₹1,619 | ₹1,673 |
| ₹1 lakh | ₹3,238 | ₹3,345 |
| ₹1.5 lakh | ₹4,858 | ₹5,018 |
Read the full guide: Two-wheeler loan · EMI calculator
ICICI Bank vs Tata Capital vs TVS Credit used car loan: rate, fees and tenure
Starting used car loan rates as published: ICICI Bank from 9.75% and Tata Capital from 10.49%. 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 | ICICI Bank | Tata Capital | TVS Credit |
|---|---|---|---|
| Product | ICICI Bank Used Car Loan | Used Car Loan | Used Car Loan |
| Published rate | From 9.75%; Q1 FY27 disbursed range 9.75% - 16.90% | From 10.49% p.a. | Up to 30% p.a.policy, 2023 |
| Rate basis | Not published | Reducing balance; fixed EMI | Fixed IRR |
| Maximum tenure | Up to 84 months | 72 months | 12-60 months |
| Maximum funding | Up to 100% (as published) | Up to 95% of car value (100% on select cars); loan up to Rs 50 lakh | Up to 95% of asset value |
| Processing fee | 2% of loan, max Rs 20,000 + GST | Up to 2.95% of loan amount | Up to 5.9% (schedule of charges) |
| Pre-closure / prepayment | Same schedule as new car loan (per service-charges page) | 6% of principal outstanding within 12 months; 5% after 12 months (same for part-prepayment) | 6.5% of principal outstanding up to 12 months; 6% for 12-24 months; 5.5% after 24 months |
| Other terms published |
|
|
|
| Official source | icici.bank.in icici.bank.in | tatacapital.com tatacapital.com | tvscredit.com tvscredit.com tvscredit.com |
EMI illustration: ₹5 lakh over 48 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| ICICI Bank | 9.75% | ₹12,621 | ₹1,05,825 | ₹6,05,825 |
| Tata Capital | 10.49% | ₹12,799 | ₹1,14,365 | ₹6,14,365 |
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 | ICICI Bank (9.75%) | Tata Capital (10.49%) |
|---|---|---|
| ₹3 lakh | ₹7,573 | ₹7,680 |
| ₹5 lakh | ₹12,621 | ₹12,799 |
| ₹8 lakh | ₹20,194 | ₹20,479 |
Read the full guide: Used car loan · EMI calculator
ICICI Bank vs Tata Capital 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. Tata Capital and TVS Credit do not publish an electric car loan rate on their website, so none is shown.
| Detail | ICICI Bank | Tata Capital | TVS Credit |
|---|---|---|---|
| Product | ICICI Bank EV Car Loan | Not published | Not published |
| Published rate | From 9.10% | Not published | Not published |
| Maximum funding | Up to 100% of on-road price | Not published | Not published |
| Official source | icici.bank.in | Not published | Not published |
Read the full guide: Electric car loan
ICICI Bank vs Tata Capital 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. ICICI Bank and Tata Capital do not publish a three-wheeler loan rate on their website, so none is shown.
| Detail | ICICI Bank | Tata Capital | 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
ICICI Bank vs Tata Capital 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. Tata Capital does not publish a tractor loan rate on its website, so none is shown.
| Detail | ICICI Bank | Tata Capital | TVS Credit |
|---|---|---|---|
| Product | ICICI Bank Tractor Loan | Not published | Tractor Loan (also Used Tractor Loan) |
| Published rate | 12.00% - 21.00%Oct-Dec 2025 disbursed range | Not published | New 11% - 25% p.a.; used 14% - 34% p.a.policy, 2023 |
| Rate basis | Not published | Not published | Fixed IRR |
| Maximum tenure | 12 - 72 months | Not published | 12-72 months |
| Maximum funding | Not published | Not published | Up to 90% of tractor price |
| Processing fee | Up to 2% of loan + GST | Not published | Up to 5.9% |
| Pre-closure / prepayment | 4% of prepaid amount | Not published | 6% of future principal outstanding up to 12 months; 5% after |
| Other terms published |
| Not published |
|
| Official source | icici.bank.in icici.bank.in | Not published | 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
ICICI Bank vs Tata Capital vs TVS Credit commercial vehicle loan: rate, fees and tenure
Only Tata Capital and TVS Credit publish a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Tata Capital lists the longer maximum tenure (imhcv up to 72 months; slcv and buses up to 60 months). ICICI Bank does not publish a commercial vehicle loan rate on its website, so none is shown.
| Detail | ICICI Bank | Tata Capital | TVS Credit |
|---|---|---|---|
| Product | ICICI Bank Commercial Vehicle Loan | Commercial Vehicle Loan (new and used) | Used Commercial Vehicle Loan (used only) |
| Published rate | Not published | From 12% p.a.page meta description | Up to 30% p.a.policy, 2023 |
| Rate basis | Flat rate scheme | Not published | Fixed IRR |
| Maximum tenure | 12 - 60 months | IMHCV up to 72 months; SLCV and buses up to 60 months | 6-36 months |
| Maximum funding | Up to 100% of chassis value; body funding on request | IMHCV up to 100% of ex-showroom; SLCV up to 94% of on-road; buses up to 100% of on-road | Not published |
| Processing fee | Not published | As per sanction letter | Up to 5.9% |
| Pre-closure / prepayment | Allowed; charges per service charge schedule | 4% of outstanding or Rs 5,000, whichever higher (excl. GST), with 30 days notice | 4% of principal outstanding up to 12 months; 5% for 13-36 months; 6% after 36 months |
| Other terms published |
|
|
|
| Official source | icici.bank.in | tatacapital.com tatacapital.com | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Commercial vehicle loan
Which is better: ICICI Bank, Tata Capital 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 12.50% at Tata Capital.
- Used car loan, lower starting rate: ICICI Bank (9.75%) versus 10.49% at Tata Capital.
- Two-wheeler loan, longer maximum tenure: Tata Capital (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: Tata Capital (imhcv up to 72 months; slcv and buses up to 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
ICICI Bank is a private bank and Tata Capital and TVS Credit are nbfcs.
What the loan providers' own pages say about how their rates are set:
- ICICI Bank two-wheeler loan: Fixed.
- ICICI Bank commercial vehicle loan: Flat rate scheme.
- Tata Capital car loan: Fixed and floating options.
- Tata Capital two-wheeler loan: Fixed.
- Tata Capital used car loan: Reducing balance; fixed EMI.
- 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 ICICI Bank, Tata Capital and TVS Credit
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)
Tata Capital
NBFC · Tata Capital Ltd
Tata Group's diversified NBFC; absorbed Tata Motors Finance (CV/PV financier for Tata Motors) in May 2025
Lowest published starting rate: 9.49% (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.
- 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
- Tata Capital: tatacapital.com/vehicle-loan/car-loan.html · tatacapital.com/vehicle-loan/car-loan/interest-rates.html · tatacapital.com/vehicle-loan/two-wheeler-loan/rates-and-charges.html · tatacapital.com/vehicle-loan/used-car-loan/rates-and-charges.html · tatacapital.com/vehicle-loan/used-car-loan/interest-rates-and-charges.html · tatacapital.com/vehicle-loan/electric-two-wheeler-loan.html
- 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
ICICI Bank compared with other loan providers
Tata Capital 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: ICICI Bank, Tata Capital or TVS Credit?
ICICI Bank has the lower published starting two-wheeler loan rate at 10.25%, against 12.50% at Tata Capital. Tata Capital 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: ICICI Bank, Tata Capital or TVS Credit?
ICICI Bank has the lower published starting rate. Published starting rates: ICICI Bank 10.25% and Tata Capital 12.50% (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 ICICI Bank, Tata Capital and TVS Credit?
ICICI Bank: Up to 4% of loan amount. Tata Capital: Up to 4% + taxes. 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 ICICI Bank, Tata Capital and TVS Credit?
ICICI Bank: up to 36 months. Tata Capital: 60 months. TVS Credit: 12-60 months.
What is the EMI on a ₹1 lakh two-wheeler loan at ICICI Bank, Tata Capital and TVS Credit?
Over 36 months at each loan provider's lowest published rate: ICICI Bank about ₹3,238 a month at 10.25%; Tata Capital about ₹3,345 a month at 12.50%. 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 ICICI Bank, Tata Capital and TVS Credit?
ICICI Bank: Up to 100% of on-road price. Tata Capital: Up to 100% for loans up to Rs 2.85 lakh; up to Rs 15 lakh for premium/superbikes. 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 ICICI Bank, Tata Capital and TVS Credit publish for a two-wheeler loan?
ICICI Bank: Minimal documentation. Tata Capital: Bounce charge Rs 600; Penal charge 3% per month on overdue amount. 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 ICICI Bank, Tata Capital and TVS Credit?
ICICI Bank: 4% of principal outstanding (nil for eligible micro/small segment). Tata Capital: Foreclosure 5% of principal outstanding; part-prepayment 5% of amount. 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 ICICI Bank, Tata Capital and TVS Credit publish rates for?
ICICI Bank: car loan, two-wheeler loan, used car loan, electric car loan, tractor loan. Tata Capital: car loan, two-wheeler loan, used car loan, commercial vehicle 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.