Bank of Baroda vs Bank of India vs Punjab National Bank at a glance
| Detail | Bank of Baroda | Bank of India | Punjab National Bank |
|---|---|---|---|
| Loan provider type | Public sector bank | Public sector bank | Public sector bank |
| Legal name | Bank of Baroda | Bank of India | Punjab National Bank |
| Vehicle loans with a published rate | Car loan, Two-wheeler loan, Used car loan, Electric car loan, Tractor loan | Not published | Car loan, Two-wheeler loan, Used car loan, Electric car loan |
| Official website | bankofbaroda.bank.in | bankofindia.bank.in | pnb.bank.in |
Bank of Baroda vs Bank of India vs Punjab National Bank car loan: rate, fees and tenure
Starting car loan rates as published: Bank of Baroda from 7.60% and Punjab National Bank from 7.60%. Bank of India does not publish a car loan rate on its website, so none is shown.
| Detail | Bank of Baroda | Bank of India | Punjab National Bank |
|---|---|---|---|
| Product | Baroda Car Loan | Star Vehicle Loan (Individuals) | PNB Car Loan |
| Published rate | Floating 7.60% - 11.30%; fixed 8.50% - 11.20% | Not published | From 7.60%up to 9.70% floating, CIBIL-based |
| Rate basis | BRLLR-linked (floating) or fixed | RBLR-linked (unchanged as of 01.09.2026; value not verified) | RLLR-linked (floating); fixed option available |
| Maximum tenure | 84 months | Not published | 84 months |
| Maximum funding | Up to 90% of on-road price; up to Rs 300 lakh (individuals) | Not published | 85% of on-road price (90% with manufacturer tie-ups); individuals up to Rs 100 lakh |
| Processing fee | Rs 1,500 + GST (up to Rs 10 lakh); Rs 2,000 + GST (above) | Not published | 0.25% of loan (min Rs 1,000, max Rs 1,500); nil documentation |
| Pre-closure / prepayment | Floating: nil for individuals; fixed: nil up to Rs 40,000 within 2 years, else 2% + GST | Not published | Floating: nil; fixed: 2% on amount prepaid (exceptions apply) |
| Other terms published |
| Not published |
|
| Official source | bankofbaroda.bank.in | bankofindia.bank.in | pnb.bank.in pnb.bank.in pnb.bank.in |
EMI illustration: ₹10 lakh over 60 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Bank of Baroda | 7.60% | ₹20,086 | ₹2,05,130 | ₹12,05,130 |
| Punjab National Bank | 7.60% | ₹20,086 | ₹2,05,130 | ₹12,05,130 |
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 | Bank of Baroda (7.60%) | Punjab National Bank (7.60%) |
|---|---|---|
| ₹5 lakh | ₹10,043 | ₹10,043 |
| ₹10 lakh | ₹20,086 | ₹20,086 |
| ₹15 lakh | ₹30,128 | ₹30,128 |
| ₹20 lakh | ₹40,171 | ₹40,171 |
Read the full guide: Car loan · EMI calculator
Bank of Baroda vs Bank of India vs Punjab National Bank two-wheeler loan: rate, fees and tenure
Starting two-wheeler loan rates as published: Bank of Baroda from 13.60% and Punjab National Bank from 10%. Punjab National Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. Bank of India does not publish a two-wheeler loan rate on its website, so none is shown.
| Detail | Bank of Baroda | Bank of India | Punjab National Bank |
|---|---|---|---|
| Product | Baroda Two Wheeler Loan | Not published | PNB Saarthi / PNB Power Ride (women) |
| Published rate | Floating from 13.60%; fixed from 13.65% | Not published | From 10.00%Power Ride; 10.85% salaried; 11.35% others |
| Rate basis | BRLLR-linked (floating) or 1-year MCLR (fixed) | Not published | RLLR-linked |
| Maximum tenure | 60 months | Not published | 60 EMIs (scooters/motorcycles) |
| Maximum funding | Up to Rs 10 lakh | Not published | 90% (salaried, salary via PNB) or 75% of cost; max Rs 1.5 lakh (Rs 10 lakh for 200cc+) |
| Processing fee | 2% of loan (min Rs 250 + GST) | Not published | 0.50% of loan (min Rs 500, max Rs 1,000) |
| Pre-closure / prepayment | Floating: nil; fixed: 2% + GST within 2 years | Not published | Nil |
| Other terms published |
| Not published |
|
| Official source | bankofbaroda.bank.in | Not published | pnb.bank.in pnb.bank.in pnb.bank.in |
EMI illustration: ₹1 lakh over 36 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Bank of Baroda | 13.60% | ₹3,398 | ₹22,341 | ₹1,22,341 |
| Punjab National Bank | 10% | ₹3,227 | ₹16,162 | ₹1,16,162 |
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 | Bank of Baroda (13.60%) | Punjab National Bank (10%) |
|---|---|---|
| ₹0.5 lakh | ₹1,699 | ₹1,613 |
| ₹1 lakh | ₹3,398 | ₹3,227 |
| ₹1.5 lakh | ₹5,098 | ₹4,840 |
Read the full guide: Two-wheeler loan · EMI calculator
Bank of Baroda vs Bank of India vs Punjab National Bank used car loan: rate, fees and tenure
Starting used car loan rates as published: Bank of Baroda from 10.20% and Punjab National Bank from 9.45%. Punjab National Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. Bank of India does not publish a used car loan rate on its website, so none is shown.
| Detail | Bank of Baroda | Bank of India | Punjab National Bank |
|---|---|---|---|
| Product | Baroda Auto Loan for Pre-owned Car | Not published | PNB Car Loan (used vehicles) |
| Published rate | Floating 10.20% - 12.95%; fixed 11.90% - 14.65% | Not published | From 9.45% floating / 10.45% fixed |
| Rate basis | BRLLR-linked (floating) or 1-year MCLR (fixed) | Not published | RLLR-linked (floating) or fixed |
| Maximum tenure | 60 months (vehicle age + tenure max 96 months) | Not published | 60 months |
| Maximum funding | Up to 75% of market value; max Rs 50 lakh | Not published | 75% of vehicle value (25% margin); vehicle up to 3 years old |
| Processing fee | 0.50% of loan + GST (min Rs 2,500, max Rs 10,000) | Not published | Not published |
| Pre-closure / prepayment | Floating: nil; fixed: 2% + GST within 2 years above Rs 40,000 | Not published | Floating: nil; fixed: 2% on amount prepaid |
| Other terms published | Not published | Not published |
|
| Official source | bankofbaroda.bank.in | Not published | pnb.bank.in pnb.bank.in |
EMI illustration: ₹5 lakh over 48 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Bank of Baroda | 10.20% | ₹12,729 | ₹1,11,010 | ₹6,11,010 |
| Punjab National Bank | 9.45% | ₹12,550 | ₹1,02,382 | ₹6,02,382 |
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 | Bank of Baroda (10.20%) | Punjab National Bank (9.45%) |
|---|---|---|
| ₹3 lakh | ₹7,638 | ₹7,530 |
| ₹5 lakh | ₹12,729 | ₹12,550 |
| ₹8 lakh | ₹20,367 | ₹20,079 |
Read the full guide: Used car loan · EMI calculator
Bank of Baroda vs Bank of India vs Punjab National Bank electric car loan: rate, fees and tenure
Starting electric car loan rates as published: Bank of Baroda from 7.60% and Punjab National Bank from 7.60%. Punjab National Bank lists the longer maximum tenure (120 emis (10 years)). Bank of India does not publish an electric car loan rate on its website, so none is shown.
| Detail | Bank of Baroda | Bank of India | Punjab National Bank |
|---|---|---|---|
| Product | bob Green Wheel | Not published | PNB Green Car (E-Vehicle) Loan |
| Published rate | Floating 7.60% - 11.15%; fixed 8.50% - 11.05% | Not published | From 7.60% |
| Rate basis | BRLLR-linked (floating) or fixed | Not published | RLLR-linked |
| Maximum tenure | 84 months (96 months for salaried with CIBIL 726+) | Not published | 120 EMIs (10 years) |
| Maximum funding | Up to 90%; max Rs 300 lakh (individuals) | Not published | 90% of on-road price (10% margin), or nil margin on ex-showroom price |
| Processing fee | Rs 750 + GST (up to Rs 10 lakh); Rs 1,000 + GST (above) - 50% concession | Not published | Nil |
| Pre-closure / prepayment | Floating: nil for individuals; fixed: 2% + GST within 2 years above Rs 40,000 | Not published | Nil |
| Other terms published |
| Not published |
|
| Official source | bankofbaroda.bank.in | Not published | pnb.bank.in pnb.bank.in |
EMI illustration: ₹15 lakh over 60 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Bank of Baroda | 7.60% | ₹30,128 | ₹3,07,695 | ₹18,07,695 |
| Punjab National Bank | 7.60% | ₹30,128 | ₹3,07,695 | ₹18,07,695 |
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 | Bank of Baroda (7.60%) | Punjab National Bank (7.60%) |
|---|---|---|
| ₹10 lakh | ₹20,086 | ₹20,086 |
| ₹15 lakh | ₹30,128 | ₹30,128 |
| ₹25 lakh | ₹50,214 | ₹50,214 |
Read the full guide: Electric car loan
Bank of Baroda vs Bank of India vs Punjab National 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. Punjab National Bank lists the longer maximum tenure (new tractor: 7-9 years; no-mortgage variant: 5 years). Bank of India and Punjab National Bank do not publish a tractor loan rate on their website, so none is shown.
| Detail | Bank of Baroda | Bank of India | Punjab National Bank |
|---|---|---|---|
| Product | Bank of Baroda New Scheme for Tractor | Tractor & Farm Mechanization Loan | PNB Farm Mechanisation Scheme (tractor financing) |
| Published rate | 12.25% - 14.50%by LTV | Not published | Not published |
| Rate basis | Fixed | Not published | Not published |
| Maximum tenure | 72 months (60 months for Tatkal) | Not published | New tractor: 7-9 years; no-mortgage variant: 5 years |
| Maximum funding | Up to 85% LTV (agri use); 80% agri-commercial; 70% Tatkal | Not published | Need based, net of margin (min 40% margin for no-mortgage variant) |
| Processing fee | 1% of loan amount | Not published | Not published |
| Other terms published |
|
|
|
| Official source | bankofbaroda.bank.in | bankofindia.bank.in | pnb.bank.in pnb.bank.in |
Read the full guide: Tractor loan
Which is better: Bank of Baroda, Bank of India or Punjab National Bank?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Electric car loan, longer maximum tenure: Punjab National Bank (120 emis (10 years)). A longer tenure lowers the EMI but raises total interest.
- Tractor loan, longer maximum tenure: Punjab National Bank (new tractor: 7-9 years; no-mortgage variant: 5 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.
Bank type and how each loan provider sets its rate
Bank of Baroda, Bank of India and Punjab National Bank are public sector banks.
What the loan providers' own pages say about how their rates are set:
- 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.
- Bank of India car loan: RBLR-linked (unchanged as of 01.09.2026; value not verified).
- Punjab National Bank car loan: RLLR-linked (floating); fixed option available.
- Punjab National Bank two-wheeler loan: RLLR-linked.
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 Bank of Baroda, Bank of India and Punjab National Bank
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)
Bank of India
Public sector bank
PSU loan provider offering vehicle finance under its Star Vehicle Loan scheme for individuals and other entities, plus tractor and farm-vehicle loans for agriculturists.
Punjab National Bank
Public sector bank
Public sector bank with RLLR-linked vehicle loans, low capped processing fees and rate concessions for women and electric vehicles.
Lowest published starting rate: 7.60% (Car 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.
- 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
- Bank of India: bankofindia.bank.in/vehicle-loan/star-vehicle-loan-individual · bankofindia.bank.in/en/farm-mechanization-loans
- Punjab National Bank: pnb.bank.in/carloaninnerpage.html · pnb.bank.in/Retail-Advances-interst-rate-on-advances-linked-to-mclr.html · pnb.bank.in/service-charges-related-to-retail-advances.html · pnb.bank.in/pnbsaarthi.html · pnb.bank.in/PNB-GREEN-CAR-LOAN.html · pnb.bank.in/agriculture-credit-schemes.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
Bank of Baroda compared with other loan providers
Punjab National Bank 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 vehicle loan: Bank of Baroda, Bank of India or Punjab National 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 Bank of Baroda, Bank of India and Punjab National Bank publish rates for?
Bank of Baroda: car loan, two-wheeler loan, used car loan, electric car loan, tractor loan. Bank of India: no published rate found. Punjab National Bank: car loan, two-wheeler loan, used car loan, electric car 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.