Bajaj Auto Credit vs Bank of Baroda vs IndusInd Bank at a glance
| Detail | Bajaj Auto Credit | Bank of Baroda | IndusInd Bank |
|---|---|---|---|
| Loan provider type | NBFC | Public sector bank | Private bank |
| Legal name | Bajaj Auto Credit Ltd (BACL) | Bank of Baroda | IndusInd Bank |
| Vehicle loans with a published rate | Two-wheeler loan, Electric two- and three-wheeler loan, Three-wheeler loan | Car loan, Two-wheeler loan, Used car loan, Electric car loan, Tractor loan | Not published |
| Official website | bajajautocredit.com | bankofbaroda.bank.in | indusind.bank.in |
Bajaj Auto Credit vs Bank of Baroda vs IndusInd Bank car loan: rate, fees and tenure
Only Bank of Baroda publishes a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Bank of Baroda lists the longer maximum tenure (84 months). Bajaj Auto Credit and IndusInd Bank do not publish a car loan rate on their website, so none is shown.
| Detail | Bajaj Auto Credit | Bank of Baroda | IndusInd Bank |
|---|---|---|---|
| Product | Not published | Baroda Car Loan | New Car Loan |
| Published rate | Not published | Floating 7.60% - 11.30%; fixed 8.50% - 11.20% | Not published |
| Rate basis | Not published | BRLLR-linked (floating) or fixed | Not published |
| Maximum tenure | Not published | 84 months | 60 months (up to 7 years in some cases) |
| Maximum funding | Not published | Up to 90% of on-road price; up to Rs 300 lakh (individuals) | Up to 100%* of car value |
| Processing fee | Not published | Rs 1,500 + GST (up to Rs 10 lakh); Rs 2,000 + GST (above) | Not published |
| Pre-closure / prepayment | Not published | Floating: nil for individuals; fixed: nil up to Rs 40,000 within 2 years, else 2% + GST | Not published |
| Other terms published | Not published |
|
|
| Official source | Not published | bankofbaroda.bank.in | indusind.bank.in |
Read the full guide: Car loan · EMI calculator
Bajaj Auto Credit vs Bank of Baroda vs IndusInd Bank two-wheeler loan: rate, fees and tenure
Only Bajaj Auto Credit and Bank of Baroda publish a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Bajaj Auto Credit lists the longer maximum tenure (3-60 months). IndusInd Bank does not publish a two-wheeler loan rate on its website, so none is shown.
| Detail | Bajaj Auto Credit | Bank of Baroda | IndusInd Bank |
|---|---|---|---|
| Product | Two-Wheeler Loan | Baroda Two Wheeler Loan | Two Wheeler Loan |
| Published rate | Up to 30% p.a.annualised customer IRR | Floating from 13.60%; fixed from 13.65% | Not published |
| Rate basis | Not published | BRLLR-linked (floating) or 1-year MCLR (fixed) | Not published |
| Maximum tenure | 3-60 months | 60 months | 36 months (normal bikes); 60 months (high-end bikes) |
| Maximum funding | Rs 9,999 to Rs 20 lakh | Up to Rs 10 lakh | Up to 95% of on-road price |
| Processing fee | Up to 5% of loan amount | 2% of loan (min Rs 250 + GST) | Not published |
| Pre-closure / prepayment | 'Nominal foreclosure charges' (no figure published on page) | Floating: nil; fixed: 2% + GST within 2 years | Not published |
| Other terms published |
|
|
|
| Official source | bajajautocredit.com | bankofbaroda.bank.in | indusind.bank.in |
Read the full guide: Two-wheeler loan · EMI calculator
Bajaj Auto Credit vs Bank of Baroda vs IndusInd Bank used car loan: rate, fees and tenure
Only Bank of Baroda 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*). Bajaj Auto Credit and IndusInd Bank do not publish a used car loan rate on their website, so none is shown.
| Detail | Bajaj Auto Credit | Bank of Baroda | IndusInd Bank |
|---|---|---|---|
| Product | Not published | Baroda Auto Loan for Pre-owned Car | Pre-Owned Car Loan |
| Published rate | Not published | Floating 10.20% - 12.95%; fixed 11.90% - 14.65% | Not published |
| Rate basis | Not published | BRLLR-linked (floating) or 1-year MCLR (fixed) | Not published |
| Maximum tenure | Not published | 60 months (vehicle age + tenure max 96 months) | 84 months* |
| Maximum funding | Not published | Up to 75% of market value; max Rs 50 lakh | Up to 100%* finance |
| Processing fee | Not published | 0.50% of loan + GST (min Rs 2,500, max Rs 10,000) | Not published |
| Pre-closure / prepayment | Not published | Floating: nil; fixed: 2% + GST within 2 years above Rs 40,000 | Not published |
| Other terms published | Not published | Not published |
|
| Official source | Not published | bankofbaroda.bank.in | indusind.bank.in |
Read the full guide: Used car loan · EMI calculator
Bajaj Auto Credit vs Bank of Baroda vs IndusInd Bank electric car loan: rate, fees and tenure
Only Bank of Baroda publishes a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Bajaj Auto Credit and IndusInd Bank do not publish an electric car loan rate on their website, so none is shown.
| Detail | Bajaj Auto Credit | Bank of Baroda | IndusInd Bank |
|---|---|---|---|
| Product | Not published | bob Green Wheel | Not published |
| Published rate | Not published | Floating 7.60% - 11.15%; fixed 8.50% - 11.05% | Not published |
| Rate basis | Not published | BRLLR-linked (floating) or fixed | Not published |
| Maximum tenure | Not published | 84 months (96 months for salaried with CIBIL 726+) | Not published |
| Maximum funding | Not published | Up to 90%; max Rs 300 lakh (individuals) | Not published |
| Processing fee | Not published | Rs 750 + GST (up to Rs 10 lakh); Rs 1,000 + GST (above) - 50% concession | Not published |
| Pre-closure / prepayment | Not published | Floating: nil for individuals; fixed: 2% + GST within 2 years above Rs 40,000 | Not published |
| Other terms published | Not published |
| Not published |
| Official source | Not published | bankofbaroda.bank.in | Not published |
Read the full guide: Electric car loan
Bajaj Auto Credit vs Bank of Baroda vs IndusInd Bank electric two- and three-wheeler loan: rate, fees and tenure
Only Bajaj Auto Credit publishes a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Bank of Baroda and IndusInd Bank do not publish an electric two- and three-wheeler loan rate on their website, so none is shown.
| Detail | Bajaj Auto Credit | Bank of Baroda | IndusInd Bank |
|---|---|---|---|
| Product | Covered under Intracity Commercial Vehicle Loan | Not published | Not published |
| Published rate | Up to 30% p.a.annualised customer IRR | Not published | Not published |
| Maximum tenure | 3-84 months | Not published | Not published |
| Maximum funding | Rs 10,000 to Rs 5 lakh | Not published | Not published |
| Processing fee | Up to 5% of loan amount | Not published | Not published |
| Other terms published |
| Not published | Not published |
| Official source | bajajautocredit.com | Not published | Not published |
Read the full guide: Electric two- and three-wheeler loan
Bajaj Auto Credit vs Bank of Baroda vs IndusInd Bank three-wheeler loan: rate, fees and tenure
Only Bajaj Auto Credit publishes a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Bank of Baroda and IndusInd Bank do not publish a three-wheeler loan rate on their website, so none is shown.
| Detail | Bajaj Auto Credit | Bank of Baroda | IndusInd Bank |
|---|---|---|---|
| Product | Intracity Commercial Vehicle Loan (three-wheelers and Qute) | Not published | Not published |
| Published rate | Up to 30% p.a.annualised customer IRR | Not published | Not published |
| Maximum tenure | 3-84 months | Not published | Not published |
| Maximum funding | Rs 10,000 to Rs 5 lakh | Not published | Not published |
| Processing fee | Up to 5% of loan amount | Not published | Not published |
| Pre-closure / prepayment | 'Nominal foreclosure charges' (no figure published on page) | Not published | Not published |
| Other terms published |
| Not published | Not published |
| Official source | bajajautocredit.com | Not published | Not published |
Read the full guide: Three-wheeler loan
Bajaj Auto Credit vs Bank of Baroda vs IndusInd Bank tractor loan: rate, fees and tenure
Only Bank of Baroda publishes a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Bank of Baroda lists the longer maximum tenure (72 months (60 months for tatkal)). Bajaj Auto Credit and IndusInd Bank do not publish a tractor loan rate on their website, so none is shown.
| Detail | Bajaj Auto Credit | Bank of Baroda | IndusInd Bank |
|---|---|---|---|
| Product | Not published | Bank of Baroda New Scheme for Tractor | Tractor and Farm Equipment Finance |
| Published rate | Not published | 12.25% - 14.50%by LTV | Not published |
| Rate basis | Not published | Fixed | Not published |
| Maximum tenure | Not published | 72 months (60 months for Tatkal) | 60 months |
| Maximum funding | Not published | Up to 85% LTV (agri use); 80% agri-commercial; 70% Tatkal | Not published |
| Processing fee | Not published | 1% of loan amount | Not published |
| Other terms published | Not published |
|
|
| Official source | Not published | bankofbaroda.bank.in | indusind.bank.in |
Read the full guide: Tractor loan
Which is better: Bajaj Auto Credit, Bank of Baroda or IndusInd Bank?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Car loan, longer maximum tenure: Bank of Baroda (84 months). A longer tenure lowers the EMI but raises total interest.
- Two-wheeler loan, longer maximum tenure: Bajaj Auto Credit (3-60 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: Bank of Baroda (72 months (60 months for tatkal)). 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
Bajaj Auto Credit is a nbfc, Bank of Baroda is a public sector bank and IndusInd Bank is a private bank.
What the loan providers' own pages say about how their rates are set:
- Bajaj Auto Credit publishes only a ceiling for its two-wheeler loan (Up to 30% p.a.), so it cannot be ranked on a starting rate.
- Bajaj Auto Credit publishes only a ceiling for its electric two- and three-wheeler loan (Up to 30% p.a.), so it cannot be ranked on a starting rate.
- Bajaj Auto Credit publishes only a ceiling for its three-wheeler loan (Up to 30% p.a.), so it cannot be ranked on a starting rate.
- Bank of Baroda car loan: BRLLR-linked (floating) or fixed.
- Bank of Baroda two-wheeler loan: BRLLR-linked (floating) or 1-year MCLR (fixed).
- Bank of Baroda used car loan: BRLLR-linked (floating) or 1-year MCLR (fixed).
- Bank of Baroda electric car loan: BRLLR-linked (floating) or fixed.
- Bank of Baroda tractor loan: Fixed.
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 Bajaj Auto Credit, Bank of Baroda and IndusInd Bank
Bajaj Auto Credit
NBFC · Bajaj Auto Credit Ltd (BACL)
Captive financier of Bajaj Auto, financing Bajaj two-wheelers, three-wheelers and Qute
Bank of Baroda
Public sector bank
Public sector bank offering both fixed and BRLLR-linked floating vehicle loans, with a dedicated EV car loan (bob Green Wheel) and agri tractor schemes.
Lowest published starting rate: 7.60% (Car loan)
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.
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.
- Bajaj Auto Credit: bajajautocredit.com/two-wheeler-loan-interest-rates · bajajautocredit.com/three-wheeler-loan-interest-rates
- Bank of Baroda: bankofbaroda.bank.in/loans/vehicle-loan/baroda-car-loan · bankofbaroda.bank.in/loans/vehicle-loan/baroda-two-wheeler-loan · bankofbaroda.bank.in/loans/vehicle-loan/baroda-auto-loan-for-pre-owned-car · bankofbaroda.bank.in/loans/vehicle-loan/bob-green-wheel · bankofbaroda.bank.in/business-banking/rural-and-agri/loans-and-advances/new-scheme-for-tractor
- 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
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
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Bank of Baroda compared with other loan providers
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Frequently asked questions
Which is better for a vehicle loan: Bajaj Auto Credit, Bank of Baroda or IndusInd Bank?
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 Bajaj Auto Credit, Bank of Baroda and IndusInd Bank publish rates for?
Bajaj Auto Credit: two-wheeler loan, electric two- and three-wheeler loan, three-wheeler loan. Bank of Baroda: car loan, two-wheeler loan, used car loan, electric car loan, tractor loan. IndusInd Bank: no published rate found. 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.