Bank of Baroda vs SBI at a glance
| Detail | Bank of Baroda | SBI |
|---|---|---|
| Loan provider type | Public sector bank | Public sector bank |
| Legal name | Bank of Baroda | State Bank of India |
| 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, Electric car loan |
| Car loan: published rate | Floating 7.60% - 11.30%; fixed 8.50% - 11.20% | 8.40% - 9.35% |
| Car loan: maximum tenure | 84 months | 7 years |
| Two-wheeler loan: published rate | Floating from 13.60%; fixed from 13.65% | 11.70% - 15.70% |
| Two-wheeler loan: maximum tenure | 60 months | Up to 60 months |
| Used car loan: published rate | Floating 10.20% - 12.95%; fixed 11.90% - 14.65% | 10.45% - 15.60%credit-score based |
| Used car loan: maximum tenure | 60 months (vehicle age + tenure max 96 months) | Up to 5 years (10 years minus vehicle age) |
| Official website | bankofbaroda.bank.in | sbi.bank.in |
Bank of Baroda 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.
| Detail | Bank of Baroda | SBI |
|---|---|---|
| Product | Baroda Car Loan | SBI New Car Loan Scheme |
| Published rate | Floating 7.60% - 11.30%; fixed 8.50% - 11.20% | 8.40% - 9.35% |
| Rate basis | BRLLR-linked (floating) or fixed | MCLR-linked (per SBI auto loan rate page) |
| Maximum tenure | 84 months | 7 years |
| Maximum funding | Up to 90% of on-road price; up to Rs 300 lakh (individuals) | Up to 100% of on-road price |
| Processing fee | Rs 1,500 + GST (up to Rs 10 lakh); Rs 2,000 + GST (above) | 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 | No prepayment charges; no foreclosure charges after 2 years (as published) |
| Other terms published |
|
|
| Official source | bankofbaroda.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 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.
| Detail | Bank of Baroda | SBI |
|---|---|---|
| Product | Baroda Two Wheeler Loan | SBI Two Wheeler Loan Scheme |
| Published rate | Floating from 13.60%; fixed from 13.65% | 11.70% - 15.70% |
| Rate basis | BRLLR-linked (floating) or 1-year MCLR (fixed) | MCLR-linked (1-year MCLR) |
| Maximum tenure | 60 months | Up to 60 months |
| Maximum funding | Up to Rs 10 lakh | 85% of on-road price; max Rs 3 lakh |
| Processing fee | 2% of loan (min Rs 250 + GST) | 3% of loan + GST (50% waiver for salary package customers) |
| Pre-closure / prepayment | Floating: nil; fixed: 2% + GST within 2 years | Not published |
| Other terms published |
|
|
| Official source | bankofbaroda.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 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.
| Detail | Bank of Baroda | SBI |
|---|---|---|
| Product | Baroda Auto Loan for Pre-owned Car | SBI Certified Pre-Owned Car Loan |
| Published rate | Floating 10.20% - 12.95%; fixed 11.90% - 14.65% | 10.45% - 15.60%credit-score based |
| Rate basis | BRLLR-linked (floating) or 1-year MCLR (fixed) | MCLR-linked (1-year MCLR) |
| Maximum tenure | 60 months (vehicle age + tenure max 96 months) | Up to 5 years (10 years minus vehicle age) |
| Maximum funding | Up to 75% of market value; max Rs 50 lakh | 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) | 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 |
| Other terms published | Not published |
|
| Official source | bankofbaroda.bank.in | 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 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).
| Detail | Bank of Baroda | SBI |
|---|---|---|
| Product | bob Green Wheel | SBI Green Car Loan |
| Published rate | Floating 7.60% - 11.15%; fixed 8.50% - 11.05% | 8.30% - 9.35% |
| Rate basis | BRLLR-linked (floating) or fixed | MCLR-linked (per SBI auto loan rate page) |
| Maximum tenure | 84 months (96 months for salaried with CIBIL 726+) | Up to 8 years |
| Maximum funding | Up to 90%; max Rs 300 lakh (individuals) | Up to 100% of on-road price |
| Processing fee | Rs 750 + GST (up to Rs 10 lakh); Rs 1,000 + GST (above) - 50% concession | Nil |
| Pre-closure / prepayment | Floating: nil for individuals; fixed: 2% + GST within 2 years above Rs 40,000 | Not published |
| Other terms published |
|
|
| Official source | bankofbaroda.bank.in | 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 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)). SBI does not publish a tractor loan rate on its website, so none is shown.
| Detail | Bank of Baroda | SBI |
|---|---|---|
| Product | Bank of Baroda New Scheme for Tractor | SBI New Tractor Loan Scheme |
| Published rate | 12.25% - 14.50%by LTV | 1-year MCLR + 3.60% to + 4.35%by collateral |
| Rate basis | Fixed | MCLR-linked (1-year MCLR) |
| Maximum tenure | 72 months (60 months for Tatkal) | Up to 5 years (half-yearly instalments) |
| Maximum funding | Up to 85% LTV (agri use); 80% agri-commercial; 70% Tatkal | 75% of tractor + accessories cost (25% margin); loan Rs 2 lakh - Rs 25 lakh |
| Processing fee | 1% of loan amount | 1.50% of loan amount |
| Other terms published |
|
|
| Official source | bankofbaroda.bank.in | sbi.bank.in |
Read the full guide: Tractor loan
Which is better: Bank of Baroda or SBI?
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 8.40% at SBI.
- Two-wheeler loan, lower starting rate: SBI (11.70%) versus 13.60% at Bank of Baroda.
- Used car loan, lower starting rate: Bank of Baroda (10.20%) versus 10.45% at SBI.
- Electric car loan, lower starting rate: Bank of Baroda (7.60%) versus 8.30% at SBI.
- 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.
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.
- SBI car loan: MCLR-linked (per SBI auto loan rate page).
- SBI two-wheeler loan: MCLR-linked (1-year MCLR).
- SBI used car 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 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)
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
- 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.
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Frequently asked questions
Which is better for a car loan: Bank of Baroda or SBI?
Bank of Baroda has the lower published starting car loan rate at 7.60%, against 8.40% at SBI. 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 or SBI?
Bank of Baroda has the lower published starting rate. Published starting rates: Bank of Baroda 7.60% and SBI 8.40% (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 and SBI?
Bank of Baroda: Rs 1,500 + GST (up to Rs 10 lakh); Rs 2,000 + GST (above). SBI: Rs 1,000-3,000 + GST (salaried) / Rs 1,500-4,000 + GST (non-salaried), slab by 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 and SBI?
Bank of Baroda: 84 months. SBI: 7 years.
What is the EMI on a ₹10 lakh car loan at Bank of Baroda and SBI?
Over 60 months at each loan provider's lowest published rate: Bank of Baroda about ₹20,086 a month at 7.60%; SBI about ₹20,468 a month at 8.40%. 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 and SBI?
Bank of Baroda: Up to 90% of on-road price; up to Rs 300 lakh (individuals). SBI: Up to 100% of on-road price. Funding is usually profile-based, so the loan provider decides the final amount.
What other terms do Bank of Baroda and SBI 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. SBI: No advance EMI; Interest on daily reducing balance; Flexi-pay option: reduced EMI in initial months. 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 and SBI?
Bank of Baroda: Floating: nil for individuals; fixed: nil up to Rs 40,000 within 2 years, else 2% + GST. SBI: No prepayment charges; no foreclosure charges after 2 years (as published). Floating-rate loans to individuals cannot carry pre-closure charges; fixed-rate loans often do.
Which vehicle loans do Bank of Baroda and SBI publish rates for?
Bank of Baroda: car loan, two-wheeler loan, used car loan, electric car loan, tractor loan. 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.