Key takeaways: Bank of Baroda vs Chola vs Hero FinCorp
- For a car loan, Bank of Baroda starts lowest (7.60%) versus 9% at Chola and 9% at Hero FinCorp.
- Bank of Baroda advertises the lowest starting two-wheeler loan rate here, 13.60%, compared with 15% at Chola and 14% at Hero FinCorp.
- All of them publish a numeric starting rate for: car loan and two-wheeler loan. That is the part of this page you can rank like for like.
- No numeric starting rate on the loan provider's own site: Chola for personal loan and home loan and Hero FinCorp for home loan. We show "Not published" instead of estimating.
- A starting rate is the best case. Ask each loan provider for its Key Fact Statement and compare the APR and total repayable amount before you choose.
Quick verdict: who each loan provider suits
Built only from figures the loan providers publish. It says where each loan provider is ahead on paper, not who will approve you.
Pick Bank of Baroda if you want
- The lower published starting car loan rate (7.60%)
- The lower published starting two-wheeler loan rate (13.60%)
Where Chola stands
No clear edge on the published figures we could compare. Check the product sections below and the Key Fact Statement.
Pick Hero FinCorp if you want
- The widest range of loan types with a published rate (6)
Bank of Baroda vs Chola vs Hero FinCorp at a glance
| Detail | Bank of Baroda | Chola | Hero FinCorp |
|---|---|---|---|
| Loan provider type | Public sector bank | NBFC | NBFC |
| Legal name | Bank of Baroda | Cholamandalam Investment and Finance Company Limited | Hero FinCorp Limited |
| Loan types with a published rate | Personal loan, Home loan, Car loan, Two-wheeler loan | Car loan, Two-wheeler loan | Personal loan, Loan against property, Business loan, Education loan, Car loan, Two-wheeler loan |
| Personal loan: published rate | Floating 10.40% to 17.75%; fixed 11.00% to 18.05% (varies by category and CIBIL) | Not published | Starting from 17.9% p.a. |
| Personal loan: maximum tenure | 84 months (govt employees with BoB salary account) | Not published | Not published |
| Home loan: published rate | Starting @7.20% (product page); spreads BRLLR -0.70% to +1.05% floating (up to Rs 75 lakh) | Not published | Not published |
| Home loan: maximum tenure | Up to 30 years incl. moratorium up to 36 months; not beyond age 65 per FAQ | Not published | Not published |
| Official website | bankofbaroda.bank.in | chola.com | herofincorp.com |
Searching for Hero FinCorp vs Chola vs Bank of Baroda instead? It is the same comparison, so both open this page.
Bank of Baroda vs Chola vs Hero FinCorp personal loan: rate, fees and tenure
Starting personal loan rates as published: Bank of Baroda from 10.40% and Hero FinCorp from 17.90%. Bank of Baroda is lower at the starting rate, but the top of each range and your own credit profile decide what you are offered. Chola has no personal loan terms we could verify on its official site.
| Detail | Bank of Baroda | Chola | Hero FinCorp |
|---|---|---|---|
| Published rate | Floating 10.40% to 17.75%; fixed 11.00% to 18.05% (varies by category and CIBIL) | Not published | Starting from 17.9% p.a. |
| Rate basis | Floating: Repo-linked (BRLLR) + spread; fixed: 1-year MCLR + spread | Not published | Not published |
| Loan amount | Rs 1 lakh (metro/urban); Rs 0.50 lakh (rural/semi-urban) to Rs 20 lakh | Not published | Not published |
| Maximum tenure | 84 months (govt employees with BoB salary account) | Not published | Not published |
| Processing fee | Nil for govt employees with BoB salary account; otherwise 1.00% to 2.00% + GST, min Rs 1,000 + GST, max Rs 10,000 + GST | Not published | Minimum 2.5% + GST, deducted at disbursal (non-refundable) |
| Prepayment / foreclosure | Not published | Not published | Prepayment charges: not applicable. Foreclosure: 5% + GST on outstanding principal |
| Eligibility (as published) | Min age 21; max age 60 (salaried) / 65 (non-salaried) incl. tenure; FOIR 40%-75%; rate linked to CIBIL, no minimum stated | Not published | Not published |
| Other terms published |
| Not published |
|
| Official source | bankofbaroda.bank.in/loans/personal-loan/baroda-personal-loan | Not published | herofincorp.com/personal-loan-fees-and-charges |
EMI illustration: ₹5 lakh over 5 years
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Bank of Baroda | 10.40% | ₹10,722 | ₹1,43,332 | ₹6,43,332 |
| Hero FinCorp | 17.90% | ₹12,670 | ₹2,60,172 | ₹7,60,172 |
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.
Read the full guide: Personal loan
Bank of Baroda vs Chola vs Hero FinCorp home loan: rate, fees and tenure
Only Bank of Baroda publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Chola and Hero FinCorp have no home loan terms we could verify on their official site.
| Detail | Bank of Baroda | Chola | Hero FinCorp |
|---|---|---|---|
| Published rate | Starting @7.20% (product page); spreads BRLLR -0.70% to +1.05% floating (up to Rs 75 lakh) | Not published | Not published |
| Rate basis | Floating linked to BRLLR (resets monthly); fixed option BRLLR + 1.00% to 2.05% | Not published | Not published |
| Loan amount | Rs 1 crore (semi-urban/rural) up to Rs 20 crore (Mumbai), by location | Not published | Not published |
| Maximum tenure | Up to 30 years incl. moratorium up to 36 months; not beyond age 65 per FAQ | Not published | Not published |
| Processing fee | As printed on page (eff. 01.04.2025, excl. GST): up to Rs 50 lakh '50%' [sic, likely 0.50%], min Rs 8,500, max Rs 15,000 | Not published | Not published |
| Prepayment / foreclosure | Nil; no prepayment penalty | Not published | Not published |
| Eligibility (as published) | Applicant min age 21, max 70; salaried 1 yr / non-salaried 2 yrs; resident Indians, NRIs, PIOs, OCI; individuals only | Not published | Not published |
| Other terms published |
| Not published | Not published |
| Official source | bankofbaroda.bank.in/loans/home-loan/baroda-home-loan bankofbaroda.bank.in/loans/home-loan bankofbaroda.bank.in/interest-rate-and-service-charges/retail-loans-interest-rates | Not published | Not published |
Read the full guide: Home loan
Bank of Baroda vs Chola vs Hero FinCorp loan against property: rate, fees and tenure
Only Hero FinCorp publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Bank of Baroda lists the longer maximum tenure (30 years). Bank of Baroda does not publish a numeric starting rate for this product on its site. Chola has no loan against property terms we could verify on its official site.
| Detail | Bank of Baroda | Chola | Hero FinCorp |
|---|---|---|---|
| Published rate | Floating individuals: BRLLR + SP + 0.75% to 3.35% (shown as 8.90%-11.50% effective) | Not published | 11% to 17% |
| Rate basis | Floating BRLLR-linked; fixed is 2% above floating | Not published | Reducing balance |
| Loan amount | Up to Rs 5 crore (Baroda Mortgage Loan) | Not published | Up to ₹7.5 Cr |
| Maximum tenure | 30 years | Not published | Up to 10 years |
| Processing fee | Not published | Not published | 1% + GST |
| Prepayment / foreclosure | Not published | Not published | Percentage-based part-prepayment and pre-closure charges mentioned; rates not stated |
| Eligibility (as published) | Not published | Not published | Age 25 to 75 years; stable income; CIBIL 750+ preferred |
| Other terms published |
| Not published |
|
| Official source | bankofbaroda.bank.in/loans/mortgage-loan bankofbaroda.bank.in/interest-rate-and-service-charges/retail-loans-interest-rates | Not published | herofincorp.com/loan-against-property-interest-rates |
Read the full guide: Loan against property
Bank of Baroda vs Chola vs Hero FinCorp business loan: rate, fees and tenure
Only Hero FinCorp publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Bank of Baroda does not publish a numeric starting rate for this product on its site. Chola has no business loan terms we could verify on its official site.
| Detail | Bank of Baroda | Chola | Hero FinCorp |
|---|---|---|---|
| Published rate | Competitive pricing linked to Repo rate/MCLR (all-in figure not stated) | Not published | Starting from 14% p.a.; up to maximum 30% |
| Rate basis | BRLLR (8.15% w.e.f. 08.10.2026) + SP 0.25% + premium for regulatory loans | Not published | Fixed or floating options |
| Loan amount | Up to Rs 7.5 crore (spread table on MSME rate page) | Not published | Rs. 5 Lakh to Rs. 50 Lakh |
| Maximum tenure | Not published | Not published | 4 years (minimum 1 year) |
| Processing fee | Not published | Not published | Per Sanction Letter cum KFS; FAQ says typically up to 2.5% of loan amount |
| Prepayment / foreclosure | Not published | Not published | Not allowed in 12-month lock-in; after that 5% + taxes on outstanding principal |
| Eligibility (as published) | MSME as per revised classification (1 July 2020): Micro/Small/Medium by investment and turnover | Not published | Not published |
| Other terms published |
| Not published |
|
| Official source | bankofbaroda.bank.in/business-banking/msme-banking/loans-and-advances/msme-loan bankofbaroda.bank.in/interest-rate-and-service-charges/msme-loans-interest-rates | Not published | herofincorp.com/business-loan-interest-rates |
Read the full guide: Business loan
Bank of Baroda vs Chola vs Hero FinCorp education loan: rate, fees and tenure
Only Hero FinCorp publishes a numeric starting rate for this product, so a like-for-like ranking is not possible. Bank of Baroda lists the longer maximum tenure (up to 15 years (skill loan up to 7 years)). Bank of Baroda does not publish a numeric starting rate for this product on its site. Chola has no education loan terms we could verify on its official site.
| Detail | Bank of Baroda | Chola | Hero FinCorp |
|---|---|---|---|
| Published rate | Starting at 6.85% (page banner; title says 7.1%) | Not published | Starting from 17.9% p.a. (personal loan for students) |
| Rate basis | BRLLR-linked: BRLLR + 0.25% (India), BRLLR + 1.75% (abroad) per FAQ | Not published | Not published |
| Loan amount | Rs 125 lakh (India); Rs 150 lakh (abroad) per FAQ | Not published | ₹50,000 to ₹7 lakh |
| Maximum tenure | Up to 15 years (Skill Loan up to 7 years) | Not published | 36 months |
| Processing fee | Not published | Not published | Minimum 2.5% + GST |
| Prepayment / foreclosure | Digital Education Loan listing: no prepayment charges | Not published | Prepayment: not applicable. Foreclosure: 5% + GST on outstanding principal |
| Eligibility (as published) | Resident of India with confirmed admission to recognised institute in India/abroad; parent/guardian co-applicant | Not published | Age 21-58; salaried or self-employed; min net monthly income ₹15,000; CIBIL 725+ preferred |
| Other terms published |
| Not published |
|
| Official source | bankofbaroda.bank.in/loans/education-loan bankofbaroda.bank.in/interest-rate-and-service-charges/retail-loans-interest-rates | Not published | herofincorp.com/personal-loans/education-loan |
Read the full guide: Education loan
Bank of Baroda vs Chola vs Hero FinCorp vehicle loans
For a car loan, Bank of Baroda starts lowest (7.60%) versus 9% at Chola and 9% at Hero FinCorp. Bank of Baroda advertises the lowest starting two-wheeler loan rate here, 13.60%, compared with 15% at Chola and 14% at Hero FinCorp.
| Detail | Bank of Baroda | Chola | Hero FinCorp |
|---|---|---|---|
| Car loan: published rate | Floating 7.60% - 11.30%; fixed 8.50% - 11.20% | 9% - 20% p.a. | 9% - 18% p.a. |
| Car loan: maximum tenure | 84 months | Not published | 120 months |
| Car loan: processing fee | Rs 1,500 + GST (up to Rs 10 lakh); Rs 2,000 + GST (above) | 0.5% - 2.5% + sourcing fee Rs 1,000 - 2,500 | Up to 3% of loan amount |
| Two-wheeler loan: published rate | Floating from 13.60%; fixed from 13.65% | 15% - 28% p.a. | 14% - 36% p.a. |
| Two-wheeler loan: maximum tenure | 60 months | Not published | 60 months |
| Two-wheeler loan: processing fee | 2% of loan (min Rs 250 + GST) | 0.75% - 5% + sourcing fee Rs 500 - 2,500 | Varies by approved loan; no figure published |
Full vehicle loan comparison for Bank of Baroda vs Chola vs Hero FinCorp (all vehicle types, EMI tables and sources) · Vehicle loans guide
Which is better: Bank of Baroda, Chola or Hero FinCorp?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Car loan, lower starting rate: Bank of Baroda (7.60%) versus 9% at Chola and 9% at Hero FinCorp.
- Two-wheeler loan, lower starting rate: Bank of Baroda (13.60%) versus 15% at Chola and 14% at Hero FinCorp.
- Loan against property, longer maximum tenure: Bank of Baroda (30 years). A longer tenure lowers the EMI but raises total interest.
- Education loan, longer maximum tenure: Bank of Baroda (up to 15 years (skill loan up to 7 years)). 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. If you already bank with one of them, a salary or relationship account can change the rate you are offered, so ask.
Bank type and how each loan provider sets its rate
Bank of Baroda is a public sector bank and Chola and Hero FinCorp are NBFCs.
How the loan providers' own pages say their rates are set:
- Bank of Baroda personal loan: Floating: Repo-linked (BRLLR) + spread; fixed: 1-year MCLR + spread.
- Bank of Baroda home loan: Floating linked to BRLLR (resets monthly); fixed option BRLLR + 1.00% to 2.05%.
Public sector banks, private banks and non-banking finance companies (NBFCs) price differently. Banks usually link floating rates to the RBI repo rate or their own benchmark and add a spread based on your credit score; NBFCs more often quote a wider range with a higher ceiling and charge higher processing fees. Some publish a range, some only a starting rate and some only a ceiling, which is why this page compares like with like and marks every gap as not published instead of guessing.
About Bank of Baroda, Chola and Hero FinCorp
Bank of Baroda
Public sector bank
We found terms for personal loan, home loan, loan against property, business loan, gold loan and education loan on Bank of Baroda's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 7.20% (Home loan)
Chola
NBFC · Cholamandalam Investment and Finance Company Limited
We could not verify personal, home, business, gold, education or property loan terms on this loan provider's website; its vehicle loan terms are compared below.
Hero FinCorp
NBFC · Hero FinCorp Limited
We found terms for personal loan, loan against property, business loan and education loan on Hero FinCorp's website. Where a rate is missing, the tables on this page say Not published.
Lowest published starting rate on this page: 11% (Loan against property)
Explore each loan provider: loans, calculators and more comparisons
Bank of Baroda
- Bank of Baroda vehicle loans
- Bank of Baroda car loan
- Bank of Baroda used car loan
- Bank of Baroda two-wheeler loan
More comparisons
Chola
More comparisons
Guides: Personal loans · Home loans · Car loan · Car loan EMI calculator · EMI calculators
What to check before you choose a loan provider
- 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.
- Check the rate basis. A floating rate moves with the loan provider's benchmark; a fixed rate does not. Ask when the rate resets.
- Ask about prepayment and foreclosure. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
- Read the eligibility and documents. Income, credit score, employment type and collateral decide the rate band you land in.
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 12 October 2026 (vehicle loan figures on 4 October 2026) and list the pages used.
- Bank of Baroda: bankofbaroda.bank.in/loans/personal-loan/baroda-personal-loan · bankofbaroda.bank.in/loans/home-loan/baroda-home-loan · bankofbaroda.bank.in/loans/home-loan · bankofbaroda.bank.in/interest-rate-and-service-charges/retail-loans-interest-rates · bankofbaroda.bank.in/loans/mortgage-loan · bankofbaroda.bank.in/business-banking/msme-banking/loans-and-advances/msme-loan
- Chola: cholamandalam.com/get-new-car-loans · files.cholamandalam.com/files/Interest+Rate+Policy+-+Mar2026.pdf · cholamandalam.com/get-two-wheeler-loans
- Hero FinCorp: herofincorp.com/personal-loan-fees-and-charges · herofincorp.com/loan-against-property-interest-rates · herofincorp.com/business-loan-interest-rates · herofincorp.com/personal-loans/education-loan · herofincorp.com/new-car-loan · herofincorp.com/two-wheeler-loan-interest-rates
| Loan provider | Official pages opened | Loan types with a published rate | Loan types where rate is not published | Last checked |
|---|---|---|---|---|
| Bank of Baroda | 11 | 4 | 4 | 12 October 2026 |
| Chola | 3 | 2 | 6 | 12 October 2026 |
| Hero FinCorp | 7 | 6 | 2 | 12 October 2026 |
A "not published" count means we opened the loan provider's page for that product and the rate was not shown there, or the loan provider has no such page on its site. If you spot an error, tell us and we will correct it.
Method: we list only figures we could read on the loan provider's official pages. A blank means the loan provider does not publish that figure on the page we checked, 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
Bank of Baroda compared with other loan providers (16)
Chola compared with other loan providers (13)
Hero FinCorp compared with other loan providers (14)
Head-to-head pages for these three loan providers (3)
Swap one loan provider (2)
Compare any two or three loan providers · Personal loans · Home loans · Vehicle loans
Frequently asked questions
Which is better: Bank of Baroda, Chola or Hero FinCorp?
For a car loan, Bank of Baroda starts lowest (7.60%) versus 9% at Chola and 9% at Hero FinCorp. Bank of Baroda advertises the lowest starting two-wheeler loan rate here, 13.60%, compared with 15% at Chola and 14% at Hero FinCorp. 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 12 October 2026. The better choice depends on your profile, the loan type, the amount and the fees in your offer letter.
Hero FinCorp, Chola or Bank of Baroda: which should I pick for a loan?
Order does not change the comparison, so Bank of Baroda vs Chola vs Hero FinCorp and Hero FinCorp vs Chola vs Bank of Baroda are the same page. Start with the loan type you need: the sections above show each loan provider's published rate, fees, tenure and prepayment terms for it, and the lower starting rate is not always the lower total cost.
Which has the lower personal loan interest rate: Bank of Baroda, Chola or Hero FinCorp?
Bank of Baroda has the lower published starting rate. Published starting rates: Bank of Baroda 10.40% and Hero FinCorp 17.90% (checked 12 October 2026). Your actual rate depends on your credit profile and the loan provider's approval.
What is the personal loan processing fee at Bank of Baroda, Chola and Hero FinCorp?
Bank of Baroda: Nil for govt employees with BoB salary account; otherwise 1.00% to 2.00% + GST, min Rs 1,000 + GST, max Rs 10,000 + GST. Chola: not published. Hero FinCorp: Minimum 2.5% + GST, deducted at disbursal (non-refundable). Fees can change and GST is usually extra, so check the Key Fact Statement.
What is the home loan processing fee at Bank of Baroda, Chola and Hero FinCorp?
Bank of Baroda: As printed on page (eff. 01.04.2025, excl. GST): up to Rs 50 lakh '50%' [sic, likely 0.50%], min Rs 8,500, max Rs 15,000. Chola: not published. Hero FinCorp: not published. Fees can change and GST is usually extra, so check the Key Fact Statement.
What is the maximum home loan tenure at Bank of Baroda, Chola and Hero FinCorp?
Bank of Baroda: up to 30 years incl. moratorium up to 36 months; not beyond age 65 per faq. Chola: not published. Hero FinCorp: not published.
How much personal loan can I get from Bank of Baroda, Chola and Hero FinCorp?
Bank of Baroda: Rs 1 lakh (metro/urban); Rs 0.50 lakh (rural/semi-urban) to Rs 20 lakh. Chola: not published. Hero FinCorp: not published. The loan provider decides the final amount from your income, credit score and existing obligations.
What is the EMI on a ₹5 lakh personal loan at Bank of Baroda, Chola and Hero FinCorp?
Over 5 years at each loan provider's lowest published rate: Bank of Baroda about ₹10,722 a month at 10.40%; Hero FinCorp about ₹12,670 a month at 17.90%. An illustration that leaves out fees, GST and insurance; your offered rate may be higher.
Can I prepay or foreclose a home loan early at Bank of Baroda, Chola and Hero FinCorp?
Bank of Baroda: Nil; no prepayment penalty. Chola: not published. Hero FinCorp: not published. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
Which loans do Bank of Baroda, Chola and Hero FinCorp publish rates for?
Bank of Baroda: personal loan, home loan. Chola: no numeric starting rate found outside vehicle loans. Hero FinCorp: personal loan, loan against property, business loan, education loan. Based on each loan provider's own website, checked 12 October 2026.
Which is better for a car loan: Bank of Baroda, Chola or Hero FinCorp?
For a car loan, Bank of Baroda starts lowest (7.60%) versus 9% at Chola and 9% at Hero FinCorp. See the full vehicle loan comparison for tenure, fees and EMI tables.
Are Bank of Baroda, Chola and Hero FinCorp regulated by the RBI?
Bank of Baroda is a bank regulated by the Reserve Bank of India (RBI); Chola and Hero FinCorp are non-banking finance companies registered with and regulated by the RBI. Check a loan provider's registration on the RBI website before you apply, and apply only through its official channels.
How do I compare Bank of Baroda, Chola and Hero FinCorp on real cost, not just the rate?
Ask each loan provider for its Key Fact Statement, then compare three numbers: the APR, the total amount you repay and the fees charged upfront, such as processing fee, documentation charge and insurance. The loan with the lower APR and the lower total repayment is the cheaper one, even when its headline rate looks higher.
Does my credit score change the rate at Bank of Baroda, Chola and Hero FinCorp?
Yes. Loan providers keep their lowest published rate for borrowers with a strong credit score, usually 750 and above, and steady income. A lower score or a short work history usually means a higher rate, a higher processing fee or a smaller loan amount.
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, for secured loans, the asset. 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 eligibility change; always confirm with the loan provider. Read our editorial policy and how we make money.