Bank of Baroda vs Mahindra Finance vs Tata Capital at a glance
| Detail | Bank of Baroda | Mahindra Finance | Tata Capital |
|---|---|---|---|
| Loan provider type | Public sector bank | NBFC | NBFC |
| Legal name | Bank of Baroda | Mahindra & Mahindra Financial Services Ltd (Mahindra Finance) | Tata Capital Ltd |
| Vehicle loans with a published rate | Car loan, Two-wheeler loan, Used car loan, Electric car loan, Tractor loan | Car loan, Used car loan, Three-wheeler loan, Tractor loan, Commercial vehicle loan | Car loan, Two-wheeler loan, Used car loan, Commercial vehicle loan |
| Car loan: published rate | Floating 7.60% - 11.30%; fixed 8.50% - 11.20% | 8% - 25% p.a.policy range, new assets | From 9.49% p.a. |
| Car loan: maximum tenure | 84 months | 5 years | 84 months (product page); rates page calculator shows 72 months |
| Used car loan: published rate | Floating 10.20% - 12.95%; fixed 11.90% - 14.65% | 8% - 25% p.a.policy range, pre-owned assets | From 10.49% p.a. |
| Used car loan: maximum tenure | 60 months (vehicle age + tenure max 96 months) | 5 years | 72 months |
| Official website | bankofbaroda.bank.in | mahindrafinance.com | tatacapital.com |
Bank of Baroda vs Mahindra Finance vs Tata Capital car loan: rate, fees and tenure
Starting car loan rates as published: Bank of Baroda from 7.60%, Mahindra Finance from 8% and Tata Capital from 9.49%. 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. Bank of Baroda lists the longer maximum tenure (84 months).
| Detail | Bank of Baroda | Mahindra Finance | Tata Capital |
|---|---|---|---|
| Product | Baroda Car Loan | Car Loan (also separate Utility Vehicle Loan) | New Car Loan |
| Published rate | Floating 7.60% - 11.30%; fixed 8.50% - 11.20% | 8% - 25% p.a.policy range, new assets | From 9.49% p.a. |
| Rate basis | BRLLR-linked (floating) or fixed | Policy allows fixed, floating or hybrid; car loan FAQ quotes on flat-rate basis | Fixed and floating options |
| Maximum tenure | 84 months | 5 years | 84 months (product page); rates page calculator shows 72 months |
| Maximum funding | Up to 90% of on-road price; up to Rs 300 lakh (individuals) | Up to 100% of ex-showroom value | Up to 100% on-road; loan up to Rs 5 crore |
| Processing fee | Rs 1,500 + GST (up to Rs 10 lakh); Rs 2,000 + GST (above) | Up to 2% of sanction amount (stated for non-Mahindra cars); not stated for Mahindra cars | Up to 2.95% of loan amount |
| Pre-closure / prepayment | Floating: nil for individuals; fixed: nil up to Rs 40,000 within 2 years, else 2% + GST | 6% of principal outstanding in first 24 months, 3% thereafter; part-payment 5% (13-24 months) / 3% (after 24 months) | 6% of principal outstanding within 12 months; 5% after 12 months (same for part-prepayment) |
| Other terms published |
|
|
|
| Official source | bankofbaroda.bank.in | mahindrafinance.com media.mahindrafinance.com mahindrafinance.com | tatacapital.com tatacapital.com |
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 |
| Mahindra Finance | 8% | ₹20,276 | ₹2,16,584 | ₹12,16,584 |
| Tata Capital | 9.49% | ₹20,997 | ₹2,59,818 | ₹12,59,818 |
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%) | Mahindra Finance (8%) | Tata Capital (9.49%) |
|---|---|---|---|
| ₹5 lakh | ₹10,043 | ₹10,138 | ₹10,498 |
| ₹10 lakh | ₹20,086 | ₹20,276 | ₹20,997 |
| ₹15 lakh | ₹30,128 | ₹30,415 | ₹31,495 |
| ₹20 lakh | ₹40,171 | ₹40,553 | ₹41,994 |
Read the full guide: Car loan · EMI calculator
Bank of Baroda vs Mahindra Finance vs Tata Capital two-wheeler loan: rate, fees and tenure
Starting two-wheeler loan rates as published: Bank of Baroda from 13.60% and Tata Capital from 12.50%. Tata Capital is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. Mahindra Finance does not publish a two-wheeler loan rate on its website, so none is shown.
| Detail | Bank of Baroda | Mahindra Finance | Tata Capital |
|---|---|---|---|
| Product | Baroda Two Wheeler Loan | Not published | Two-Wheeler Loan |
| Published rate | Floating from 13.60%; fixed from 13.65% | Not published | From 12.5% p.a. |
| Rate basis | BRLLR-linked (floating) or 1-year MCLR (fixed) | Not published | Fixed |
| Maximum tenure | 60 months | Not published | 60 months |
| Maximum funding | Up to Rs 10 lakh | Not published | Up to 100% for loans up to Rs 2.85 lakh; up to Rs 15 lakh for premium/superbikes |
| Processing fee | 2% of loan (min Rs 250 + GST) | Not published | Up to 4% + taxes |
| Pre-closure / prepayment | Floating: nil; fixed: 2% + GST within 2 years | Not published | Foreclosure 5% of principal outstanding; part-prepayment 5% of amount |
| Other terms published |
| Not published |
|
| Official source | bankofbaroda.bank.in | Not published | tatacapital.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 |
| Tata Capital | 12.50% | ₹3,345 | ₹20,433 | ₹1,20,433 |
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%) | Tata Capital (12.50%) |
|---|---|---|
| ₹0.5 lakh | ₹1,699 | ₹1,673 |
| ₹1 lakh | ₹3,398 | ₹3,345 |
| ₹1.5 lakh | ₹5,098 | ₹5,018 |
Read the full guide: Two-wheeler loan · EMI calculator
Bank of Baroda vs Mahindra Finance vs Tata Capital used car loan: rate, fees and tenure
Starting used car loan rates as published: Bank of Baroda from 10.20%, Mahindra Finance from 8% and Tata Capital from 10.49%. Mahindra Finance is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. Tata Capital lists the longer maximum tenure (72 months).
| Detail | Bank of Baroda | Mahindra Finance | Tata Capital |
|---|---|---|---|
| Product | Baroda Auto Loan for Pre-owned Car | Used Car Loan | Used Car Loan |
| Published rate | Floating 10.20% - 12.95%; fixed 11.90% - 14.65% | 8% - 25% p.a.policy range, pre-owned assets | From 10.49% p.a. |
| Rate basis | BRLLR-linked (floating) or 1-year MCLR (fixed) | Not published | Reducing balance; fixed EMI |
| Maximum tenure | 60 months (vehicle age + tenure max 96 months) | 5 years | 72 months |
| Maximum funding | Up to 75% of market value; max Rs 50 lakh | Up to 90% of car value | Up to 95% of car value (100% on select cars); loan up to Rs 50 lakh |
| Processing fee | 0.50% of loan + GST (min Rs 2,500, max Rs 10,000) | Up to 2% of sanction amount | Up to 2.95% of loan amount |
| Pre-closure / prepayment | Floating: nil; fixed: 2% + GST within 2 years above Rs 40,000 | 6% of principal outstanding in first 24 months, 3% thereafter; part-payment 5% (13-24 months) / 3% (after 24 months) | 6% of principal outstanding within 12 months; 5% after 12 months (same for part-prepayment) |
| Other terms published | Not published |
|
|
| Official source | bankofbaroda.bank.in | mahindrafinance.com media.mahindrafinance.com mahindrafinance.com | tatacapital.com tatacapital.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 |
| Mahindra Finance | 8% | ₹12,206 | ₹85,910 | ₹5,85,910 |
| Tata Capital | 10.49% | ₹12,799 | ₹1,14,365 | ₹6,14,365 |
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%) | Mahindra Finance (8%) | Tata Capital (10.49%) |
|---|---|---|---|
| ₹3 lakh | ₹7,638 | ₹7,324 | ₹7,680 |
| ₹5 lakh | ₹12,729 | ₹12,206 | ₹12,799 |
| ₹8 lakh | ₹20,367 | ₹19,530 | ₹20,479 |
Read the full guide: Used car loan · EMI calculator
Bank of Baroda vs Mahindra Finance vs Tata Capital 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. Mahindra Finance and Tata Capital do not publish an electric car loan rate on their website, so none is shown.
| Detail | Bank of Baroda | Mahindra Finance | Tata Capital |
|---|---|---|---|
| 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 Mahindra Finance vs Tata Capital three-wheeler loan: rate, fees and tenure
Only Mahindra Finance publishes a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Bank of Baroda and Tata Capital do not publish a three-wheeler loan rate on their website, so none is shown.
| Detail | Bank of Baroda | Mahindra Finance | Tata Capital |
|---|---|---|---|
| Product | Not published | Three-Wheeler Loan | Not published |
| Published rate | Not published | 8% - 25% p.a.policy range, 3-wheelers | Not published |
| Maximum tenure | Not published | 4 years | Not published |
| Maximum funding | Not published | Based on vehicle and customer profile | Not published |
| Pre-closure / prepayment | Not published | 6% of principal outstanding in first 24 months, 3% thereafter; part-payment 5% (13-24 months) / 3% (after 24 months) | Not published |
| Other terms published | Not published |
| Not published |
| Official source | Not published | mahindrafinance.com media.mahindrafinance.com mahindrafinance.com | Not published |
Read the full guide: Three-wheeler loan
Bank of Baroda vs Mahindra Finance vs Tata Capital tractor loan: rate, fees and tenure
Starting tractor loan rates as published: Bank of Baroda from 12.25% and Mahindra Finance from 8%. Mahindra Finance 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 (72 months (60 months for tatkal)). Tata Capital does not publish a tractor loan rate on its website, so none is shown.
| Detail | Bank of Baroda | Mahindra Finance | Tata Capital |
|---|---|---|---|
| Product | Bank of Baroda New Scheme for Tractor | Tractor Loan | Not published |
| Published rate | 12.25% - 14.50%by LTV | 8% - 25% p.a.policy range, new/pre-owned assets | Not published |
| Rate basis | Fixed | Not published | Not published |
| Maximum tenure | 72 months (60 months for Tatkal) | 5 years (6-60 months) | Not published |
| Maximum funding | Up to 85% LTV (agri use); 80% agri-commercial; 70% Tatkal | No fixed minimum or maximum amount | Not published |
| Processing fee | 1% of loan amount | Up to 2% of sanction amount (farm equipment) | Not published |
| Pre-closure / prepayment | Not published | 6% of principal outstanding in first 24 months, 3% thereafter; part-payment 5% (13-24 months) / 3% (after 24 months) | Not published |
| Other terms published |
|
| Not published |
| Official source | bankofbaroda.bank.in | mahindrafinance.com media.mahindrafinance.com mahindrafinance.com | Not published |
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 |
| Mahindra Finance | 8% | ₹16,221 | ₹1,73,267 | ₹9,73,267 |
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%) | Mahindra Finance (8%) |
|---|---|---|
| ₹5 lakh | ₹11,185 | ₹10,138 |
| ₹8 lakh | ₹17,897 | ₹16,221 |
| ₹12 lakh | ₹26,845 | ₹24,332 |
Read the full guide: Tractor loan
Bank of Baroda vs Mahindra Finance vs Tata Capital commercial vehicle loan: rate, fees and tenure
Starting commercial vehicle loan rates as published: Mahindra Finance from 8% and Tata Capital from 12%. Mahindra Finance is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. Tata Capital lists the longer maximum tenure (imhcv up to 72 months; slcv and buses up to 60 months). Bank of Baroda does not publish a commercial vehicle loan rate on its website, so none is shown.
| Detail | Bank of Baroda | Mahindra Finance | Tata Capital |
|---|---|---|---|
| Product | Not published | Commercial Vehicle Loan | Commercial Vehicle Loan (new and used) |
| Published rate | Not published | 8% - 25% p.a.policy range, new/pre-owned assets | From 12% p.a.page meta description |
| Rate basis | Not published | Monthly reducing balance (per product page) | Not published |
| Maximum tenure | Not published | 60 months new; 36 months used | IMHCV up to 72 months; SLCV and buses up to 60 months |
| Maximum funding | Not published | Not published | IMHCV up to 100% of ex-showroom; SLCV up to 94% of on-road; buses up to 100% of on-road |
| Processing fee | Not published | Up to 2% of sanction amount | As per sanction letter |
| Pre-closure / prepayment | Not published | 6% of principal outstanding in first 24 months, 3% thereafter; part-payment 5% (13-24 months) / 3% (after 24 months) | 4% of outstanding or Rs 5,000, whichever higher (excl. GST), with 30 days notice |
| Other terms published | Not published |
|
|
| Official source | Not published | mahindrafinance.com media.mahindrafinance.com mahindrafinance.com | tatacapital.com tatacapital.com |
EMI illustration: ₹15 lakh over 48 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Mahindra Finance | 8% | ₹36,619 | ₹2,57,730 | ₹17,57,730 |
| Tata Capital | 12% | ₹39,501 | ₹3,96,036 | ₹18,96,036 |
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 | Mahindra Finance (8%) | Tata Capital (12%) |
|---|---|---|
| ₹10 lakh | ₹24,413 | ₹26,334 |
| ₹15 lakh | ₹36,619 | ₹39,501 |
| ₹25 lakh | ₹61,032 | ₹65,835 |
Read the full guide: Commercial vehicle loan
Which is better: Bank of Baroda, Mahindra Finance or Tata Capital?
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 8% at Mahindra Finance and 9.49% at Tata Capital.
- Used car loan, lower starting rate: Mahindra Finance (8%) versus 10.20% at Bank of Baroda and 10.49% at Tata Capital.
- Car loan, longer maximum tenure: Bank of Baroda (84 months). A longer tenure lowers the EMI but raises total interest.
- Used car loan, longer maximum tenure: Tata Capital (72 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.
- Commercial vehicle loan, longer maximum tenure: Tata Capital (imhcv up to 72 months; slcv and buses up to 60 months). 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 is a public sector bank and Mahindra Finance and Tata Capital are nbfcs.
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.
- Mahindra Finance car loan: Policy allows fixed, floating or hybrid; car loan FAQ quotes on flat-rate basis.
- Mahindra Finance commercial vehicle loan: Monthly reducing balance (per product page).
- Tata Capital car loan: Fixed and floating options.
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, Mahindra Finance and Tata Capital
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)
Mahindra Finance
NBFC · Mahindra & Mahindra Financial Services Ltd (Mahindra Finance)
Mahindra Group vehicle financier focused on rural and semi-urban India; finances Mahindra UVs/tractors and other brands
Lowest published starting rate: 8% (Car loan)
Tata Capital
NBFC · Tata Capital Ltd
Tata Group's diversified NBFC; absorbed Tata Motors Finance (CV/PV financier for Tata Motors) in May 2025
Lowest published starting rate: 9.49% (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
- Mahindra Finance: mahindrafinance.com/loans/car-loan · media.mahindrafinance.com/2025/02/Interest-Rate-Policy_Updated_21-July26_clean.pdf · mahindrafinance.com/loans/retail-loan-fees-and-charges · mahindrafinance.com/loans/used-car-loan · mahindrafinance.com/loans/three-wheeler-loan · mahindrafinance.com/loans/tractor-loan
- Tata Capital: tatacapital.com/vehicle-loan/car-loan.html · tatacapital.com/vehicle-loan/car-loan/interest-rates.html · tatacapital.com/vehicle-loan/two-wheeler-loan/rates-and-charges.html · tatacapital.com/vehicle-loan/used-car-loan/rates-and-charges.html · tatacapital.com/vehicle-loan/used-car-loan/interest-rates-and-charges.html · tatacapital.com/vehicle-loan/electric-two-wheeler-loan.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
Mahindra Finance compared with other loan providers
Tata Capital 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 car loan: Bank of Baroda, Mahindra Finance or Tata Capital?
Bank of Baroda has the lowest published starting car loan rate at 7.60%, against 8% at Mahindra Finance and 9.49% at Tata Capital. Bank of Baroda allows the longer maximum tenure (84 months). 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 car loan interest rate: Bank of Baroda, Mahindra Finance or Tata Capital?
Bank of Baroda has the lower published starting rate. Published starting rates: Bank of Baroda 7.60%, Mahindra Finance 8% and Tata Capital 9.49% (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 car loan at Bank of Baroda, Mahindra Finance and Tata Capital?
Bank of Baroda: Rs 1,500 + GST (up to Rs 10 lakh); Rs 2,000 + GST (above). Mahindra Finance: Up to 2% of sanction amount (stated for non-Mahindra cars); not stated for Mahindra cars. Tata Capital: Up to 2.95% of loan amount. Fees can change and GST is usually extra, so check the Key Fact Statement.
What is the maximum car loan tenure at Bank of Baroda, Mahindra Finance and Tata Capital?
Bank of Baroda: 84 months. Mahindra Finance: 5 years. Tata Capital: 84 months (product page); rates page calculator shows 72 months.
What is the EMI on a ₹10 lakh car loan at Bank of Baroda, Mahindra Finance and Tata Capital?
Over 60 months at each loan provider's lowest published rate: Bank of Baroda about ₹20,086 a month at 7.60%; Mahindra Finance about ₹20,276 a month at 8%; Tata Capital about ₹20,997 a month at 9.49%. 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 car loan from Bank of Baroda, Mahindra Finance and Tata Capital?
Bank of Baroda: Up to 90% of on-road price; up to Rs 300 lakh (individuals). Mahindra Finance: Up to 100% of ex-showroom value. Tata Capital: Up to 100% on-road; loan up to Rs 5 crore. Funding is usually profile-based, so the loan provider decides the final amount.
What other terms do Bank of Baroda, Mahindra Finance and Tata Capital publish for a car loan?
Bank of Baroda: Interest on daily reducing balance; Rs 500 + GST fee for govt/PSU employees; bob Digital Car Loan online variant. Mahindra Finance: Finances most passenger and multi-utility vehicles across brands; No collateral security required. Tata Capital: Documentation charge up to Rs 1,999. Check each loan provider's page for eligibility and documents before you apply.
Can I prepay or foreclose a car loan early at Bank of Baroda, Mahindra Finance and Tata Capital?
Bank of Baroda: Floating: nil for individuals; fixed: nil up to Rs 40,000 within 2 years, else 2% + GST. Mahindra Finance: 6% of principal outstanding in first 24 months, 3% thereafter; part-payment 5% (13-24 months) / 3% (after 24 months). Tata Capital: 6% of principal outstanding within 12 months; 5% after 12 months (same for part-prepayment). Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
Which vehicle loans do Bank of Baroda, Mahindra Finance and Tata Capital publish rates for?
Bank of Baroda: car loan, two-wheeler loan, used car loan, electric car loan, tractor loan. Mahindra Finance: car loan, used car loan, three-wheeler loan, tractor loan, commercial vehicle loan. Tata Capital: car loan, two-wheeler loan, used car 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.