TVS Credit Three-Wheeler Loan at a glance
| Feature | TVS Credit Three-Wheeler Loan |
|---|---|
| Product name | Three Wheeler Loan |
| Interest rate | 13% - 29% p.a. (policy, 2023) |
| Rate type | Fixed IRR |
| Maximum tenure | 4 years |
| How much it funds | Based on vehicle and customer profile |
| Processing fee | Up to 5.9% |
| Pre-closure / prepayment | 3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months |
Source: tvscredit.com, checked 4 October 2026. Rate ranges come from TVS Credit's interest rate policy last amended in October 2023, the latest version published; current offers may differ.
What the EMI looks like
For a three-wheeler loan of ₹2.5 lakh over 3 years, here is what TVS Credit's published rates mean in rupees:
| Rate a year | Monthly EMI | Total interest |
|---|---|---|
| 13% (lowest published) | ₹8,423 | ₹53,246 |
| 29% (highest published) | ₹10,476 | ₹1,27,151 |
The gap between the two ends of the range is ₹73,906 over the loan, which is why your credit score and the loan provider's assessment of you matter so much.
Try your own amount and tenure in the Auto Rickshaw Loan EMI calculator.
TVS Credit vs other loan providers for three-wheeler loans
Published figures from each loan provider's own website. Some loan providers publish a starting rate, some a range actually given to customers, and some only a maximum, so read the column with care and compare final offers on the APR in the Key Fact Statement.
| Loan provider | Published rate | Max tenure | Type |
|---|---|---|---|
| Mahindra Finance | 8% - 25% p.a. | 4 years | NBFC |
| TVS Credit | 13% - 29% p.a. | 4 years | NBFC |
| Bajaj Finance | Up to 27.25% p.a. | — | NBFC |
| Bajaj Auto Credit | Up to 30% p.a. | 3-84 months | NBFC |
| Chola | New non-EV 21% - 28%; used non-EV 25% - 28% p.a. | — | NBFC |
What kind of loan provider TVS Credit is
TVS Credit is a non-banking finance company (NBFC) regulated by the RBI. NBFCs often lend to people banks may turn down, such as first-time borrowers, farmers or self-employed people with irregular income, and reach smaller towns through dealers. In return their rates and fees are usually higher than a bank's, so they suit you best when a bank loan is not available or is much slower.
Captive-linked financier for TVS Motor two-wheelers with wide rural reach; also used car, tractor, 3W and used CV loans
Features TVS Credit lists for this loan
- Same-day approval
- No income document scheme
Documents you will usually need
Most loan providers ask for a similar set. TVS Credit may ask for more depending on your profile.
- Identity proof such as Aadhaar, PAN or voter ID
- Address proof such as a utility bill or rent agreement
- Driving licence with transport endorsement or badge where required
- Permit or permit application papers, if the city requires them
- Bank statements or proof of daily income, if available
- Proforma invoice from the dealer for the chosen three-wheeler
- Passport size photographs and guarantor details if requested
Before you sign with TVS Credit
- Get the Key Fact Statement (KFS). RBI requires loan providers to give you a KFS before you sign, showing the interest rate, all fees, the annual percentage rate (APR) and the total amount you will repay.
- Compare the APR, not the headline rate. A low rate with a high processing fee can cost more than a slightly higher rate with no fee.
- 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.
- Make sure the hypothecation is recorded and later removed. The loan provider's name is noted on the registration certificate; after the last EMI, collect the NOC and get it removed at the RTO.
Apply on tvscredit.com or at a branch. Never pay anyone an upfront fee to "get a loan approved"; genuine loan providers deduct fees only from the loan itself.
More from TVS Credit and similar loans
Other vehicle loans from TVS Credit:
Buying a used car? Read the used car loan guides
A second-hand car changes the rate, the tenure and the paperwork. These guides cover rates by loan provider, car age limits, valuation, down payment and RC transfer.
Compare TVS Credit with other loan providers
See TVS Credit's published vehicle loan rates, fees and tenure next to another bank or NBFC.
Frequently asked questions
What is the TVS Credit three-wheeler loan interest rate?
TVS Credit publishes 13% - 29% p.a. (policy, 2023) (checked 4 October 2026). Your own rate depends on your credit score, income, loan amount and the vehicle.
What is the maximum tenure for a TVS Credit three-wheeler loan?
4 years, as published by TVS Credit. A longer tenure lowers the EMI but raises the total interest.
How much of the vehicle cost does TVS Credit fund?
Based on vehicle and customer profile, according to TVS Credit. The rest is your down payment.
What processing fee does TVS Credit charge?
Up to 5.9%. GST is usually added on top unless stated.
Can I close a TVS Credit three-wheeler loan early?
3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months.
Is TVS Credit regulated?
Yes. TVS Credit is regulated by the Reserve Bank of India as a NBFC. If a complaint is not resolved by the loan provider within 30 days, you can approach the RBI Integrated Ombudsman.
KhatuLoans is not a loan provider and is not paid by the loan providers or brands 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.