IndusInd Bank vs TVS Credit at a glance
| Detail | IndusInd Bank | TVS Credit |
|---|---|---|
| Loan provider type | Private bank | NBFC |
| Legal name | IndusInd Bank | TVS Credit Services Ltd |
| Vehicle loans with a published rate | Not published | Two-wheeler loan, Used car loan, Three-wheeler loan, Tractor loan, Commercial vehicle loan |
| Official website | indusind.bank.in | tvscredit.com |
IndusInd Bank vs TVS Credit two-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. TVS Credit lists the longer maximum tenure (12-60 months). IndusInd Bank does not publish a two-wheeler loan rate on its website, so none is shown.
| Detail | IndusInd Bank | TVS Credit |
|---|---|---|
| Product | Two Wheeler Loan | Two Wheeler Loan |
| Published rate | Not published | Up to 36% p.a.policy, 2023 |
| Rate basis | Not published | Fixed IRR |
| Maximum tenure | 36 months (normal bikes); 60 months (high-end bikes) | 12-60 months |
| Maximum funding | Up to 95% of on-road price | Up to 95% of on-road price |
| Processing fee | Not published | New 2W up to 8.85%; used 2W up to 5.9% (incl. GST) |
| Pre-closure / prepayment | Not published | 3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months |
| Other terms published |
|
|
| Official source | indusind.bank.in | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Two-wheeler loan · EMI calculator
IndusInd Bank vs TVS Credit used car 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. IndusInd Bank lists the longer maximum tenure (84 months*). IndusInd Bank does not publish a used car loan rate on its website, so none is shown.
| Detail | IndusInd Bank | TVS Credit |
|---|---|---|
| Product | Pre-Owned Car Loan | Used Car Loan |
| Published rate | Not published | Up to 30% p.a.policy, 2023 |
| Rate basis | Not published | Fixed IRR |
| Maximum tenure | 84 months* | 12-60 months |
| Maximum funding | Up to 100%* finance | Up to 95% of asset value |
| Processing fee | Not published | Up to 5.9% (schedule of charges) |
| Pre-closure / prepayment | Not published | 6.5% of principal outstanding up to 12 months; 6% for 12-24 months; 5.5% after 24 months |
| Other terms published |
|
|
| Official source | indusind.bank.in | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Used car loan · EMI calculator
IndusInd 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. IndusInd Bank does not publish a three-wheeler loan rate on its website, so none is shown.
| Detail | IndusInd Bank | TVS Credit |
|---|---|---|
| Product | Not published | Three Wheeler Loan |
| Published rate | Not published | 13% - 29% p.a.policy, 2023 |
| Rate basis | Not published | Fixed IRR |
| Maximum tenure | Not published | 4 years |
| Maximum funding | Not published | Based on vehicle and customer profile |
| Processing fee | Not published | Up to 5.9% |
| Pre-closure / prepayment | 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 | Not published | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Three-wheeler loan
IndusInd Bank 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. TVS Credit lists the longer maximum tenure (12-72 months). IndusInd Bank does not publish a tractor loan rate on its website, so none is shown.
| Detail | IndusInd Bank | TVS Credit |
|---|---|---|
| Product | Tractor and Farm Equipment Finance | Tractor Loan (also Used Tractor Loan) |
| Published rate | Not published | New 11% - 25% p.a.; used 14% - 34% p.a.policy, 2023 |
| Rate basis | Not published | Fixed IRR |
| Maximum tenure | 60 months | 12-72 months |
| Maximum funding | Not published | Up to 90% of tractor price |
| Processing fee | Not published | Up to 5.9% |
| Pre-closure / prepayment | Not published | 6% of future principal outstanding up to 12 months; 5% after |
| Other terms published |
|
|
| Official source | indusind.bank.in | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Tractor loan
IndusInd Bank 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. IndusInd Bank lists the longer maximum tenure (59 months). IndusInd Bank does not publish a commercial vehicle loan rate on its website, so none is shown.
| Detail | IndusInd Bank | TVS Credit |
|---|---|---|
| Product | Commercial Vehicle and Construction Equipment Loan | Used Commercial Vehicle Loan (used only) |
| Published rate | Not published | Up to 30% p.a.policy, 2023 |
| Rate basis | Not published | Fixed IRR |
| Maximum tenure | 59 months | 6-36 months |
| Maximum funding | Up to 90% of on-road price (new); 90% of market value (used) | Not published |
| Processing fee | Not published | Up to 5.9% |
| Pre-closure / prepayment | Not published | 4% of principal outstanding up to 12 months; 5% for 13-36 months; 6% after 36 months |
| Other terms published |
|
|
| Official source | indusind.bank.in | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Commercial vehicle loan
Which is better: IndusInd Bank or TVS Credit?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Two-wheeler loan, longer maximum tenure: TVS Credit (12-60 months). A longer tenure lowers the EMI but raises total interest.
- Used car loan, longer maximum tenure: IndusInd Bank (84 months*). A longer tenure lowers the EMI but raises total interest.
- Tractor loan, longer maximum tenure: TVS Credit (12-72 months). A longer tenure lowers the EMI but raises total interest.
- Commercial vehicle loan, longer maximum tenure: IndusInd Bank (59 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
IndusInd Bank is a private bank and TVS Credit is a nbfc.
What the loan providers' own pages say about how their rates are set:
- 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.
- TVS Credit tractor loan: Fixed IRR.
- TVS Credit commercial vehicle loan: Fixed IRR.
- TVS Credit publishes only a ceiling for its commercial vehicle 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 IndusInd Bank and TVS Credit
IndusInd Bank
Private bank
Private bank with a large vehicle-finance book spanning cars, two-wheelers, commercial vehicles, construction equipment and tractors; it does not publish rate cards on its product pages and prices each loan individually.
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.
- IndusInd Bank: indusind.bank.in/in/en/personal/loans/vehicle-loan/new-cars-loan.html · indusind.bank.in/in/en/personal/loans/vehicle-loan/two-wheeler.html · indusind.bank.in/in/en/personal/loans/vehicle-loan/pre-owned-cars-loan.html · indusind.bank.in/in/en/personal/loans/vehicle-loan/tractors-and-farm-equipment.html · indusind.bank.in/in/en/personal/loans/vehicle-loan/commercial-vehicles-and-construction-equipment.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.
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Frequently asked questions
Which is better for a vehicle loan: IndusInd Bank or TVS Credit?
These loan providers do not all publish a rate for the same vehicle loan, so they cannot be ranked on rate alone here. Compare the fees, tenure and pre-closure terms in the tables above and ask each loan provider for its Key Fact Statement.
Which vehicle loans do IndusInd Bank and TVS Credit publish rates for?
IndusInd Bank: no published rate found. 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.