Bank of Baroda vs HDFC Bank vs TVS Credit at a glance
| Detail | Bank of Baroda | HDFC Bank | TVS Credit |
|---|---|---|---|
| Loan provider type | Public sector bank | Private bank | NBFC |
| Legal name | Bank of Baroda | HDFC Bank | TVS Credit Services Ltd |
| Vehicle loans with a published rate | Car loan, Two-wheeler loan, Used car loan, Electric car loan, Tractor loan | Car loan, Two-wheeler loan, Used car loan | Two-wheeler loan, Used car loan, Three-wheeler loan, Tractor loan, Commercial vehicle loan |
| Two-wheeler loan: published rate | Floating from 13.60%; fixed from 13.65% | 9.99% - 25.02%rates given to customers, Apr-Jun 2026; average 18.22%; rack rate from 14.50% | Up to 36% p.a.policy, 2023 |
| Two-wheeler loan: maximum tenure | 60 months | Not published | 12-60 months |
| Used car loan: published rate | Floating 10.20% - 12.95%; fixed 11.90% - 14.65% | 9.50% - 17.00%rates given to customers, Apr-Jun 2026; average 13.51%; rack rate from 11.25% | Up to 30% p.a.policy, 2023 |
| Used car loan: maximum tenure | 60 months (vehicle age + tenure max 96 months) | Not published | 12-60 months |
| Official website | bankofbaroda.bank.in | hdfc.bank.in | tvscredit.com |
Bank of Baroda vs HDFC Bank vs TVS Credit car loan: rate, fees and tenure
Starting car loan rates as published: Bank of Baroda from 7.60% and HDFC Bank from 7.60%. TVS Credit does not publish a car loan rate on its website, so none is shown.
| Detail | Bank of Baroda | HDFC Bank | TVS Credit |
|---|---|---|---|
| Product | Baroda Car Loan | HDFC Bank New Car Loan | Not published |
| Published rate | Floating 7.60% - 11.30%; fixed 8.50% - 11.20% | 7.60% - 14.00%rates given to customers, Apr-Jun 2026; average 8.63%; rack rate from 9% onwards | Not published |
| Rate basis | BRLLR-linked (floating) or fixed | Not published | Not published |
| Maximum tenure | 84 months | Up to 7 years | Not published |
| Maximum funding | Up to 90% of on-road price; up to Rs 300 lakh (individuals) | Up to 100% (profile-based) | Not published |
| Processing fee | Rs 1,500 + GST (up to Rs 10 lakh); Rs 2,000 + GST (above) | Up to 0.5% of loan (min Rs 3,500, max Rs 8,000) | Not published |
| Pre-closure / prepayment | Floating: nil for individuals; fixed: nil up to Rs 40,000 within 2 years, else 2% + GST | Full pre-closure: 6% of principal within 1 year, 5% in months 13-24, 3% after 24 months (loans from 1 Dec 2025) | Not published |
| Other terms published |
| Not published | Not published |
| Official source | bankofbaroda.bank.in | hdfc.bank.in | Not published |
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 |
| HDFC 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%) | HDFC 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 HDFC Bank vs TVS Credit two-wheeler loan: rate, fees and tenure
Starting two-wheeler loan rates as published: Bank of Baroda from 13.60% and HDFC Bank from 9.99%. HDFC Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered.
| Detail | Bank of Baroda | HDFC Bank | TVS Credit |
|---|---|---|---|
| Product | Baroda Two Wheeler Loan | HDFC Bank Two Wheeler Loan | Two Wheeler Loan |
| Published rate | Floating from 13.60%; fixed from 13.65% | 9.99% - 25.02%rates given to customers, Apr-Jun 2026; average 18.22%; rack rate from 14.50% | Up to 36% p.a.policy, 2023 |
| Rate basis | BRLLR-linked (floating) or 1-year MCLR (fixed) | Fixed (floating not offered) | Fixed IRR |
| Maximum tenure | 60 months | Not published | 12-60 months |
| Maximum funding | Up to Rs 10 lakh | Not published | Up to 95% of on-road price |
| Processing fee | 2% of loan (min Rs 250 + GST) | Up to 2.5% of loan, plus documentation charges up to 2.25% | New 2W up to 8.85%; used 2W up to 5.9% (incl. GST) |
| Pre-closure / prepayment | Floating: nil; fixed: 2% + GST within 2 years | 5% of principal outstanding up to 24 months, 3% after | 3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months |
| Other terms published |
| Not published |
|
| Official source | bankofbaroda.bank.in | hdfc.bank.in | tvscredit.com tvscredit.com tvscredit.com |
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 |
| HDFC Bank | 9.99% | ₹3,226 | ₹16,145 | ₹1,16,145 |
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%) | HDFC Bank (9.99%) |
|---|---|---|
| ₹0.5 lakh | ₹1,699 | ₹1,613 |
| ₹1 lakh | ₹3,398 | ₹3,226 |
| ₹1.5 lakh | ₹5,098 | ₹4,839 |
Read the full guide: Two-wheeler loan · EMI calculator
Bank of Baroda vs HDFC Bank vs TVS Credit used car loan: rate, fees and tenure
Starting used car loan rates as published: Bank of Baroda from 10.20% and HDFC Bank from 9.50%. HDFC Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered.
| Detail | Bank of Baroda | HDFC Bank | TVS Credit |
|---|---|---|---|
| Product | Baroda Auto Loan for Pre-owned Car | HDFC Bank Pre-Owned Car Loan | Used Car Loan |
| Published rate | Floating 10.20% - 12.95%; fixed 11.90% - 14.65% | 9.50% - 17.00%rates given to customers, Apr-Jun 2026; average 13.51%; rack rate from 11.25% | Up to 30% p.a.policy, 2023 |
| Rate basis | BRLLR-linked (floating) or 1-year MCLR (fixed) | Not published | Fixed IRR |
| Maximum tenure | 60 months (vehicle age + tenure max 96 months) | Not published | 12-60 months |
| Maximum funding | Up to 75% of market value; max Rs 50 lakh | Not published | Up to 95% of asset value |
| Processing fee | 0.50% of loan + GST (min Rs 2,500, max Rs 10,000) | Up to 1% of loan (min Rs 3,500, max Rs 9,000) | Up to 5.9% (schedule of charges) |
| Pre-closure / prepayment | Floating: nil; fixed: 2% + GST within 2 years above Rs 40,000 | Full pre-closure: 6% within 1 year, 5% in months 13-24, 3% after 24 months | 6.5% of principal outstanding up to 12 months; 6% for 12-24 months; 5.5% after 24 months |
| Other terms published | Not published | Not published |
|
| Official source | bankofbaroda.bank.in | hdfc.bank.in | tvscredit.com tvscredit.com tvscredit.com |
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 |
| HDFC Bank | 9.50% | ₹12,562 | ₹1,02,955 | ₹6,02,955 |
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%) | HDFC Bank (9.50%) |
|---|---|---|
| ₹3 lakh | ₹7,638 | ₹7,537 |
| ₹5 lakh | ₹12,729 | ₹12,562 |
| ₹8 lakh | ₹20,367 | ₹20,099 |
Read the full guide: Used car loan · EMI calculator
Bank of Baroda vs HDFC Bank vs TVS Credit 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. HDFC Bank and TVS Credit do not publish an electric car loan rate on their website, so none is shown.
| Detail | Bank of Baroda | HDFC Bank | TVS Credit |
|---|---|---|---|
| Product | bob Green Wheel | Not published | Not published |
| Published rate | Floating 7.60% - 11.15%; fixed 8.50% - 11.05% | Not published | Not published |
| Rate basis | BRLLR-linked (floating) or fixed | Not published | Not published |
| Maximum tenure | 84 months (96 months for salaried with CIBIL 726+) | Not published | Not published |
| Maximum funding | Up to 90%; max Rs 300 lakh (individuals) | Not published | Not published |
| Processing fee | Rs 750 + GST (up to Rs 10 lakh); Rs 1,000 + GST (above) - 50% concession | Not published | Not published |
| Pre-closure / prepayment | Floating: nil for individuals; fixed: 2% + GST within 2 years above Rs 40,000 | Not published | Not published |
| Other terms published |
| Not published | Not published |
| Official source | bankofbaroda.bank.in | Not published | Not published |
Read the full guide: Electric car loan
Bank of Baroda vs HDFC 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. Bank of Baroda and HDFC Bank do not publish a three-wheeler loan rate on their website, so none is shown.
| Detail | Bank of Baroda | HDFC Bank | TVS Credit |
|---|---|---|---|
| Product | Not published | Not published | Three Wheeler Loan |
| Published rate | Not published | Not published | 13% - 29% p.a.policy, 2023 |
| Rate basis | Not published | Not published | Fixed IRR |
| Maximum tenure | Not published | Not published | 4 years |
| Maximum funding | Not published | Not published | Based on vehicle and customer profile |
| Processing fee | Not published | Not published | Up to 5.9% |
| Pre-closure / prepayment | Not published | Not published | 3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months |
| Other terms published | Not published | Not published |
|
| Official source | Not published | Not published | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Three-wheeler loan
Bank of Baroda vs HDFC Bank vs TVS Credit tractor loan: rate, fees and tenure
Starting tractor loan rates as published: Bank of Baroda from 12.25% and TVS Credit from 11%. TVS Credit is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. HDFC Bank does not publish a tractor loan rate on its website, so none is shown.
| Detail | Bank of Baroda | HDFC Bank | TVS Credit |
|---|---|---|---|
| Product | Bank of Baroda New Scheme for Tractor | HDFC Bank Tractor Loan | Tractor Loan (also Used Tractor Loan) |
| Published rate | 12.25% - 14.50%by LTV | Not published | New 11% - 25% p.a.; used 14% - 34% p.a.policy, 2023 |
| Rate basis | Fixed | Not published | Fixed IRR |
| Maximum tenure | 72 months (60 months for Tatkal) | Not published | 12-72 months |
| Maximum funding | Up to 85% LTV (agri use); 80% agri-commercial; 70% Tatkal | Not published | Up to 90% of tractor price |
| Processing fee | 1% of loan amount | Not published | Up to 5.9% |
| Pre-closure / prepayment | Not published | Not published | 6% of future principal outstanding up to 12 months; 5% after |
| Other terms published |
| Not published |
|
| Official source | bankofbaroda.bank.in | hdfc.bank.in | tvscredit.com tvscredit.com tvscredit.com |
EMI illustration: ₹8 lakh over 60 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Bank of Baroda | 12.25% | ₹17,897 | ₹2,73,807 | ₹10,73,807 |
| TVS Credit | 11% | ₹17,394 | ₹2,43,636 | ₹10,43,636 |
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 (12.25%) | TVS Credit (11%) |
|---|---|---|
| ₹5 lakh | ₹11,185 | ₹10,871 |
| ₹8 lakh | ₹17,897 | ₹17,394 |
| ₹12 lakh | ₹26,845 | ₹26,091 |
Read the full guide: Tractor loan
Bank of Baroda vs HDFC 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. Bank of Baroda and HDFC Bank do not publish a commercial vehicle loan rate on their website, so none is shown.
| Detail | Bank of Baroda | HDFC Bank | TVS Credit |
|---|---|---|---|
| Product | Not published | HDFC Bank Commercial Vehicle Loan | Used Commercial Vehicle Loan (used only) |
| Published rate | Not published | Not published | Up to 30% p.a.policy, 2023 |
| Rate basis | Not published | Not published | Fixed IRR |
| Maximum tenure | Not published | Not published | 6-36 months |
| Maximum funding | Not published | Loan up to Rs 3 crore | Not published |
| Processing fee | Not published | Not published | Up to 5.9% |
| Pre-closure / prepayment | Not published | Not published | 4% of principal outstanding up to 12 months; 5% for 13-36 months; 6% after 36 months |
| Other terms published | Not published |
|
|
| Official source | Not published | hdfc.bank.in | tvscredit.com tvscredit.com tvscredit.com |
Read the full guide: Commercial vehicle loan
Which is better: Bank of Baroda, HDFC Bank or TVS Credit?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Two-wheeler loan, lower starting rate: HDFC Bank (9.99%) versus 13.60% at Bank of Baroda.
- Used car loan, lower starting rate: HDFC Bank (9.50%) versus 10.20% at Bank of Baroda.
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 is a public sector bank, HDFC Bank is a private bank and TVS Credit is a nbfc.
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.
- HDFC Bank two-wheeler loan: Fixed (floating not offered).
- 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.
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, HDFC Bank and TVS Credit
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)
HDFC Bank
Private bank
Large private-sector car financier offering new and pre-owned car, two-wheeler, MSME commercial vehicle and tractor loans with up to 100% funding on select profiles.
Lowest published starting rate: 7.60% (Car loan)
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.
- 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
- HDFC Bank: hdfc.bank.in/car-loan/interest-rates-and-charges · hdfc.bank.in/two-wheeler-loan/interest-rates-and-charges · hdfc.bank.in/pre-owned-car-loan/interest-rates-and-charges · hdfc.bank.in/agri-banking/rural-loans/tractor-loan · hdfc.bank.in/msme-banking/msme-vehicle-loan/commercial-vehicle-loan
- 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.
More loan provider comparisons
Bank of Baroda compared with other loan providers
HDFC Bank compared with other loan providers
TVS Credit 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 two-wheeler loan: Bank of Baroda, HDFC Bank or TVS Credit?
For a two-wheeler loan, HDFC Bank advertises the lower starting rate here (9.99%), versus 13.60% at Bank of Baroda. 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 4 October 2026. The better choice depends on your profile, the loan amount and the fees in your offer letter.
Which has the lower two-wheeler loan interest rate: Bank of Baroda, HDFC Bank or TVS Credit?
HDFC Bank has the lower published starting rate. Published starting rates: Bank of Baroda 13.60% and HDFC Bank 9.99% (checked 4 October 2026). Your actual rate depends on your credit profile and the loan provider's approval.
What is the processing fee on a two-wheeler loan at Bank of Baroda, HDFC Bank and TVS Credit?
Bank of Baroda: 2% of loan (min Rs 250 + GST). HDFC Bank: Up to 2.5% of loan, plus documentation charges up to 2.25%. TVS Credit: New 2W up to 8.85%; used 2W up to 5.9% (incl. GST). Fees can change and GST is usually extra, so check the Key Fact Statement.
What is the maximum two-wheeler loan tenure at Bank of Baroda, HDFC Bank and TVS Credit?
Bank of Baroda: 60 months. HDFC Bank: not published. TVS Credit: 12-60 months.
What is the EMI on a ₹1 lakh two-wheeler loan at Bank of Baroda, HDFC Bank and TVS Credit?
Over 36 months at each loan provider's lowest published rate: Bank of Baroda about ₹3,398 a month at 13.60%; HDFC Bank about ₹3,226 a month at 9.99%. This is an illustration that leaves out fees, GST and insurance. Your offered rate may be higher.
How much of the vehicle price can I borrow on a two-wheeler loan from Bank of Baroda, HDFC Bank and TVS Credit?
Bank of Baroda: Up to Rs 10 lakh. HDFC Bank: not published. TVS Credit: Up to 95% of on-road price. Funding is usually profile-based, so the loan provider decides the final amount.
What other terms do Bank of Baroda, HDFC Bank and TVS Credit publish for a two-wheeler loan?
Bank of Baroda: Digital Two-Wheeler Loan variant. TVS Credit: Also finances used and other-OEM two-wheelers. Check each loan provider's page for eligibility and documents before you apply.
Can I prepay or foreclose a two-wheeler loan early at Bank of Baroda, HDFC Bank and TVS Credit?
Bank of Baroda: Floating: nil; fixed: 2% + GST within 2 years. HDFC Bank: 5% of principal outstanding up to 24 months, 3% after. TVS Credit: 3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months. Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
Which vehicle loans do Bank of Baroda, HDFC Bank and TVS Credit publish rates for?
Bank of Baroda: car loan, two-wheeler loan, used car loan, electric car loan, tractor loan. HDFC Bank: car loan, two-wheeler loan, used car loan. 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.