Bank of Baroda vs Kotak Mahindra Bank vs SBI at a glance
| Detail | Bank of Baroda | Kotak Mahindra Bank | SBI |
|---|---|---|---|
| Loan provider type | Public sector bank | Private bank | Public sector bank |
| Legal name | Bank of Baroda | Kotak Mahindra Bank | State Bank of India |
| 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 | kotak.bank.in | sbi.bank.in |
Bank of Baroda vs Kotak Mahindra Bank vs SBI car loan: rate, fees and tenure
Starting car loan rates as published: Bank of Baroda from 7.60% and SBI from 8.40%. Bank of Baroda is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. Kotak Mahindra Bank does not publish a car loan rate on its website, so none is shown.
| Detail | Bank of Baroda | Kotak Mahindra Bank | SBI |
|---|---|---|---|
| Product | Baroda Car Loan | Kotak Car Loan (via Kotak Mahindra Prime Ltd) | SBI New Car Loan Scheme |
| Published rate | Floating 7.60% - 11.30%; fixed 8.50% - 11.20% | Not published | 8.40% - 9.35% |
| Rate basis | BRLLR-linked (floating) or fixed | Not published | MCLR-linked (per SBI auto loan rate page) |
| Maximum tenure | 84 months | 12 - 84 months | 7 years |
| Maximum funding | Up to 90% of on-road price; up to Rs 300 lakh (individuals) | Up to 100% of car value; min loan Rs 1 lakh | Up to 100% of on-road price |
| Processing fee | Rs 1,500 + GST (up to Rs 10 lakh); Rs 2,000 + GST (above) | Not published | Rs 1,000-3,000 + GST (salaried) / Rs 1,500-4,000 + GST (non-salaried), slab by loan amount |
| Pre-closure / prepayment | Floating: nil for individuals; fixed: nil up to Rs 40,000 within 2 years, else 2% + GST | Prepayment allowed after 6 months, fee on outstanding as per agreement | No prepayment charges; no foreclosure charges after 2 years (as published) |
| Other terms published |
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| Official source | bankofbaroda.bank.in | kotak.bank.in kotak.bank.in | sbi.bank.in sbi.bank.in sbi.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 |
| SBI | 8.40% | ₹20,468 | ₹2,28,102 | ₹12,28,102 |
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%) | SBI (8.40%) |
|---|---|---|
| ₹5 lakh | ₹10,043 | ₹10,234 |
| ₹10 lakh | ₹20,086 | ₹20,468 |
| ₹15 lakh | ₹30,128 | ₹30,703 |
| ₹20 lakh | ₹40,171 | ₹40,937 |
Read the full guide: Car loan · EMI calculator
Bank of Baroda vs Kotak Mahindra Bank vs SBI two-wheeler loan: rate, fees and tenure
Starting two-wheeler loan rates as published: Bank of Baroda from 13.60% and SBI from 11.70%. SBI 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 Baroda lists the longer maximum tenure (60 months). Kotak Mahindra Bank does not publish a two-wheeler loan rate on its website, so none is shown.
| Detail | Bank of Baroda | Kotak Mahindra Bank | SBI |
|---|---|---|---|
| Product | Baroda Two Wheeler Loan | Kotak Two-Wheeler Loan (via Kotak Mahindra Prime Ltd) | SBI Two Wheeler Loan Scheme |
| Published rate | Floating from 13.60%; fixed from 13.65% | Not published | 11.70% - 15.70% |
| Rate basis | BRLLR-linked (floating) or 1-year MCLR (fixed) | Not published | MCLR-linked (1-year MCLR) |
| Maximum tenure | 60 months | 12 - 36 months | Up to 60 months |
| Maximum funding | Up to Rs 10 lakh | Up to 95% of on-road price | 85% of on-road price; max Rs 3 lakh |
| Processing fee | 2% of loan (min Rs 250 + GST) | Not published | 3% of loan + GST (50% waiver for salary package customers) |
| Pre-closure / prepayment | Floating: nil; fixed: 2% + GST within 2 years | Not published | Not published |
| Other terms published |
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| Official source | bankofbaroda.bank.in | kotak.bank.in | sbi.bank.in sbi.bank.in sbi.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 |
| SBI | 11.70% | ₹3,307 | ₹19,056 | ₹1,19,056 |
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%) | SBI (11.70%) |
|---|---|---|
| ₹0.5 lakh | ₹1,699 | ₹1,654 |
| ₹1 lakh | ₹3,398 | ₹3,307 |
| ₹1.5 lakh | ₹5,098 | ₹4,961 |
Read the full guide: Two-wheeler loan · EMI calculator
Bank of Baroda vs Kotak Mahindra Bank vs SBI used car loan: rate, fees and tenure
Starting used car loan rates as published: Bank of Baroda from 10.20% and SBI from 10.45%. Bank of Baroda is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. Kotak Mahindra Bank does not publish a used car loan rate on its website, so none is shown.
| Detail | Bank of Baroda | Kotak Mahindra Bank | SBI |
|---|---|---|---|
| Product | Baroda Auto Loan for Pre-owned Car | Not published | SBI Certified Pre-Owned Car Loan |
| Published rate | Floating 10.20% - 12.95%; fixed 11.90% - 14.65% | Not published | 10.45% - 15.60%credit-score based |
| Rate basis | BRLLR-linked (floating) or 1-year MCLR (fixed) | Not published | MCLR-linked (1-year MCLR) |
| Maximum tenure | 60 months (vehicle age + tenure max 96 months) | Not published | Up to 5 years (10 years minus vehicle age) |
| Maximum funding | Up to 75% of market value; max Rs 50 lakh | Not published | Up to 85% of valuation; loan Rs 2 lakh - Rs 150 lakh |
| Processing fee | 0.50% of loan + GST (min Rs 2,500, max Rs 10,000) | Not published | 1.50% of loan + GST (min Rs 3,000, max Rs 10,000 + GST) |
| Pre-closure / prepayment | Floating: nil; 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 | sbi.bank.in sbi.bank.in sbi.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 |
| SBI | 10.45% | ₹12,790 | ₹1,13,902 | ₹6,13,902 |
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%) | SBI (10.45%) |
|---|---|---|
| ₹3 lakh | ₹7,638 | ₹7,674 |
| ₹5 lakh | ₹12,729 | ₹12,790 |
| ₹8 lakh | ₹20,367 | ₹20,463 |
Read the full guide: Used car loan · EMI calculator
Bank of Baroda vs Kotak Mahindra Bank vs SBI electric car loan: rate, fees and tenure
Starting electric car loan rates as published: Bank of Baroda from 7.60% and SBI from 8.30%. Bank of Baroda is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. SBI lists the longer maximum tenure (up to 8 years). Kotak Mahindra Bank does not publish an electric car loan rate on its website, so none is shown.
| Detail | Bank of Baroda | Kotak Mahindra Bank | SBI |
|---|---|---|---|
| Product | bob Green Wheel | Not published | SBI Green Car Loan |
| Published rate | Floating 7.60% - 11.15%; fixed 8.50% - 11.05% | Not published | 8.30% - 9.35% |
| Rate basis | BRLLR-linked (floating) or fixed | Not published | MCLR-linked (per SBI auto loan rate page) |
| Maximum tenure | 84 months (96 months for salaried with CIBIL 726+) | Not published | Up to 8 years |
| Maximum funding | Up to 90%; max Rs 300 lakh (individuals) | Not published | Up to 100% of on-road 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 | Not published |
| Other terms published |
| Not published |
|
| Official source | bankofbaroda.bank.in | Not published | sbi.bank.in sbi.bank.in sbi.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 |
| SBI | 8.30% | ₹30,630 | ₹3,37,825 | ₹18,37,825 |
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%) | SBI (8.30%) |
|---|---|---|
| ₹10 lakh | ₹20,086 | ₹20,420 |
| ₹15 lakh | ₹30,128 | ₹30,630 |
| ₹25 lakh | ₹50,214 | ₹51,051 |
Read the full guide: Electric car loan
Bank of Baroda vs Kotak Mahindra Bank vs SBI 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)). Kotak Mahindra Bank and SBI do not publish a tractor loan rate on their website, so none is shown.
| Detail | Bank of Baroda | Kotak Mahindra Bank | SBI |
|---|---|---|---|
| Product | Bank of Baroda New Scheme for Tractor | Kotak Farm Equipment (Tractor) Loan | SBI New Tractor Loan Scheme |
| Published rate | 12.25% - 14.50%by LTV | MCLR/Reference Rate to 30% | 1-year MCLR + 3.60% to + 4.35%by collateral |
| Rate basis | Fixed | MCLR / reference rate | MCLR-linked (1-year MCLR) |
| Maximum tenure | 72 months (60 months for Tatkal) | Not published | Up to 5 years (half-yearly instalments) |
| Maximum funding | Up to 85% LTV (agri use); 80% agri-commercial; 70% Tatkal | Up to 90% of tractor value | 75% of tractor + accessories cost (25% margin); loan Rs 2 lakh - Rs 25 lakh |
| Processing fee | 1% of loan amount | Up to 3% of loan amount | 1.50% of loan amount |
| Pre-closure / prepayment | Not published | Individuals (fixed rate): 4% foreclosure / 2% part-prepayment | Not published |
| Other terms published |
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| Official source | bankofbaroda.bank.in | kotak.bank.in kotak.bank.in | sbi.bank.in |
Read the full guide: Tractor loan
Which is better: Bank of Baroda, Kotak Mahindra Bank or SBI?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Two-wheeler loan, longer maximum tenure: Bank of Baroda (60 months). A longer tenure lowers the EMI but raises total interest.
- Electric car loan, longer maximum tenure: SBI (up to 8 years). 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
Bank of Baroda and SBI are public sector banks and Kotak Mahindra Bank is a private bank.
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.
- Kotak Mahindra Bank tractor loan: MCLR / reference rate.
- SBI car loan: MCLR-linked (per SBI auto loan rate page).
- SBI two-wheeler loan: MCLR-linked (1-year MCLR).
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, Kotak Mahindra Bank and SBI
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)
Kotak Mahindra Bank
Private bank
Private bank whose car and two-wheeler loans are originated through its NBFC subsidiary Kotak Mahindra Prime, with commercial vehicle and farm equipment loans offered by the bank.
SBI
Public sector bank · State Bank of India
India's largest bank, offering MCLR-linked car, green (EV) car, certified pre-owned car and two-wheeler loans, plus SME commercial vehicle and agri tractor loans.
Lowest published starting rate: 8.30% (Electric 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
- Kotak Mahindra Bank: kotak.bank.in/en/personal-banking/loans/car-loan/features.html · kotak.bank.in/en/personal-banking/loans/car-loan/fees-and-charges.html · kotak.bank.in/en/personal-banking/loans/two-wheeler-loan/features.html · kotak.bank.in/en/business/loans/farm-equipment/features.html · kotak.bank.in/en/business/loans/farm-equipment/fees-and-charges.html · kotak.bank.in/en/business/loans/commercial-vehicle-loan/features.html
- SBI: sbi.bank.in/web/personal-banking/loans/auto-loans/sbi-new-car-loan-scheme · sbi.bank.in/web/interest-rates/interest-rates/loan-schemes-interest-rates/auto-loans · sbi.bank.in/web/interest-rates/interest-rates/processing-fees · sbi.bank.in/web/personal-banking/loans/auto-loans/sbi-two-wheeler-loan-scheme · sbi.bank.in/web/personal-banking/loans/auto-loans/certified-pre-owned-car-loan · sbi.bank.in/web/personal-banking/loans/auto-loans/green-car-loan
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
SBI compared with other loan providers
Head-to-head pages for these three loan providers
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Bank of Baroda vs Kotak Mahindra Bank vs SBI: personal, home and other loans
Comparing these loan providers for something other than a vehicle loan? See their published personal loan, home loan, loan against property, business, gold and education loan terms in one place.
Bank of Baroda vs Kotak Mahindra Bank vs SBI compared on all loan types
Frequently asked questions
Which is better for a vehicle loan: Bank of Baroda, Kotak Mahindra Bank or SBI?
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, Kotak Mahindra Bank and SBI publish rates for?
Bank of Baroda: car loan, two-wheeler loan, used car loan, electric car loan, tractor loan. Kotak Mahindra Bank: no published rate found. SBI: 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.