Skip to content
Comparing loans? See rates, fees and EMI side by side.Check loan options

Bank of Baroda vs Tata Capital vs TVS Credit: Vehicle Loan Comparison

By KhatuLoans Editorial Team, edited by Hemant Kumar · Figures checked · Information only, not a loan provider

Tata Capital has the lower published starting two-wheeler loan rate at 12.50%, against 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.

Bank of Baroda vs Tata Capital vs TVS Credit at a glance

DetailBank of BarodaTata CapitalTVS Credit
Loan provider typePublic sector bankNBFCNBFC
Legal nameBank of BarodaTata Capital LtdTVS Credit Services Ltd
Vehicle loans with a published rateCar loan, Two-wheeler loan, Used car loan, Electric car loan, Tractor loanCar loan, Two-wheeler loan, Used car loan, Commercial vehicle loanTwo-wheeler loan, Used car loan, Three-wheeler loan, Tractor loan, Commercial vehicle loan
Two-wheeler loan: published rateFloating from 13.60%; fixed from 13.65%From 12.5% p.a.Up to 36% p.a.policy, 2023
Two-wheeler loan: maximum tenure60 months60 months12-60 months
Used car loan: published rateFloating 10.20% - 12.95%; fixed 11.90% - 14.65%From 10.49% p.a.Up to 30% p.a.policy, 2023
Used car loan: maximum tenure60 months (vehicle age + tenure max 96 months)72 months12-60 months
Official websitebankofbaroda.bank.intatacapital.comtvscredit.com

Bank of Baroda vs Tata Capital vs TVS Credit car loan: rate, fees and tenure

Starting car loan rates as published: Bank of Baroda from 7.60% 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. TVS Credit does not publish a car loan rate on its website, so none is shown.

DetailBank of BarodaTata CapitalTVS Credit
ProductBaroda Car LoanNew Car LoanNot published
Published rateFloating 7.60% - 11.30%; fixed 8.50% - 11.20%From 9.49% p.a.Not published
Rate basisBRLLR-linked (floating) or fixedFixed and floating optionsNot published
Maximum tenure84 months84 months (product page); rates page calculator shows 72 monthsNot published
Maximum fundingUp to 90% of on-road price; up to Rs 300 lakh (individuals)Up to 100% on-road; loan up to Rs 5 croreNot published
Processing feeRs 1,500 + GST (up to Rs 10 lakh); Rs 2,000 + GST (above)Up to 2.95% of loan amountNot published
Pre-closure / prepaymentFloating: nil for individuals; fixed: nil up to Rs 40,000 within 2 years, else 2% + GST6% of principal outstanding within 12 months; 5% after 12 months (same for part-prepayment)Not published
Other terms published
  • Interest on daily reducing balance
  • Rs 500 + GST fee for govt/PSU employees
  • bob Digital Car Loan online variant
  • Documentation charge up to Rs 1,999
Not published
Official sourcebankofbaroda.bank.intatacapital.com
tatacapital.com
Not published

EMI illustration: ₹10 lakh over 60 months

Loan providerRate usedMonthly EMITotal interestTotal repayable
Bank of Baroda7.60%₹20,086₹2,05,130₹12,05,130
Tata Capital9.49%₹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 amountBank of Baroda (7.60%)Tata Capital (9.49%)
₹5 lakh₹10,043₹10,498
₹10 lakh₹20,086₹20,997
₹15 lakh₹30,128₹31,495
₹20 lakh₹40,171₹41,994

Read the full guide: Car loan · EMI calculator

Bank of Baroda vs Tata Capital vs TVS Credit 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.

DetailBank of BarodaTata CapitalTVS Credit
ProductBaroda Two Wheeler LoanTwo-Wheeler LoanTwo Wheeler Loan
Published rateFloating from 13.60%; fixed from 13.65%From 12.5% p.a.Up to 36% p.a.policy, 2023
Rate basisBRLLR-linked (floating) or 1-year MCLR (fixed)FixedFixed IRR
Maximum tenure60 months60 months12-60 months
Maximum fundingUp to Rs 10 lakhUp to 100% for loans up to Rs 2.85 lakh; up to Rs 15 lakh for premium/superbikesUp to 95% of on-road price
Processing fee2% of loan (min Rs 250 + GST)Up to 4% + taxesNew 2W up to 8.85%; used 2W up to 5.9% (incl. GST)
Pre-closure / prepaymentFloating: nil; fixed: 2% + GST within 2 yearsForeclosure 5% of principal outstanding; part-prepayment 5% of amount3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months
Other terms published
  • Digital Two-Wheeler Loan variant
  • Bounce charge Rs 600
  • Penal charge 3% per month on overdue amount
  • Also finances used and other-OEM two-wheelers
Official sourcebankofbaroda.bank.intatacapital.comtvscredit.com
tvscredit.com
tvscredit.com

EMI illustration: ₹1 lakh over 36 months

Loan providerRate usedMonthly EMITotal interestTotal repayable
Bank of Baroda13.60%₹3,398₹22,341₹1,22,341
Tata Capital12.50%₹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 amountBank 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 Tata Capital vs TVS Credit used car loan: rate, fees and tenure

Starting used car loan rates as published: Bank of Baroda from 10.20% and Tata Capital from 10.49%. 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. Tata Capital lists the longer maximum tenure (72 months).

DetailBank of BarodaTata CapitalTVS Credit
ProductBaroda Auto Loan for Pre-owned CarUsed Car LoanUsed Car Loan
Published rateFloating 10.20% - 12.95%; fixed 11.90% - 14.65%From 10.49% p.a.Up to 30% p.a.policy, 2023
Rate basisBRLLR-linked (floating) or 1-year MCLR (fixed)Reducing balance; fixed EMIFixed IRR
Maximum tenure60 months (vehicle age + tenure max 96 months)72 months12-60 months
Maximum fundingUp to 75% of market value; max Rs 50 lakhUp to 95% of car value (100% on select cars); loan up to Rs 50 lakhUp to 95% of asset value
Processing fee0.50% of loan + GST (min Rs 2,500, max Rs 10,000)Up to 2.95% of loan amountUp to 5.9% (schedule of charges)
Pre-closure / prepaymentFloating: nil; fixed: 2% + GST within 2 years above Rs 40,0006% of principal outstanding within 12 months; 5% after 12 months (same for part-prepayment)6.5% of principal outstanding up to 12 months; 6% for 12-24 months; 5.5% after 24 months
Other terms publishedNot published
  • Car up to 10 years old at loan maturity
  • Valuation fee Rs 750
  • An older Tata Capital page states rates from 15%, 1.75% fee and 7%/6%/5% foreclosure; the rates-and-charges page is used here
  • Approval in 4 hours
  • No income proof required
Official sourcebankofbaroda.bank.intatacapital.com
tatacapital.com
tvscredit.com
tvscredit.com
tvscredit.com

EMI illustration: ₹5 lakh over 48 months

Loan providerRate usedMonthly EMITotal interestTotal repayable
Bank of Baroda10.20%₹12,729₹1,11,010₹6,11,010
Tata Capital10.49%₹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 amountBank of Baroda (10.20%)Tata Capital (10.49%)
₹3 lakh₹7,638₹7,680
₹5 lakh₹12,729₹12,799
₹8 lakh₹20,367₹20,479

Read the full guide: Used car loan · EMI calculator

Bank of Baroda vs Tata Capital 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. Tata Capital and TVS Credit do not publish an electric car loan rate on their website, so none is shown.

DetailBank of BarodaTata CapitalTVS Credit
Productbob Green WheelNot publishedNot published
Published rateFloating 7.60% - 11.15%; fixed 8.50% - 11.05%Not publishedNot published
Rate basisBRLLR-linked (floating) or fixedNot publishedNot published
Maximum tenure84 months (96 months for salaried with CIBIL 726+)Not publishedNot published
Maximum fundingUp to 90%; max Rs 300 lakh (individuals)Not publishedNot published
Processing feeRs 750 + GST (up to Rs 10 lakh); Rs 1,000 + GST (above) - 50% concessionNot publishedNot published
Pre-closure / prepaymentFloating: nil for individuals; fixed: 2% + GST within 2 years above Rs 40,000Not publishedNot published
Other terms published
  • New electric cars for private use
  • 0.15% rate concession vs car loan
  • 50% processing fee concession
Not publishedNot published
Official sourcebankofbaroda.bank.inNot publishedNot published

Read the full guide: Electric car loan

Bank of Baroda vs Tata Capital 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 Tata Capital do not publish a three-wheeler loan rate on their website, so none is shown.

DetailBank of BarodaTata CapitalTVS Credit
ProductNot publishedNot publishedThree Wheeler Loan
Published rateNot publishedNot published13% - 29% p.a.policy, 2023
Rate basisNot publishedNot publishedFixed IRR
Maximum tenureNot publishedNot published4 years
Maximum fundingNot publishedNot publishedBased on vehicle and customer profile
Processing feeNot publishedNot publishedUp to 5.9%
Pre-closure / prepaymentNot publishedNot published3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months
Other terms publishedNot publishedNot published
  • Same-day approval
  • No income document scheme
Official sourceNot publishedNot publishedtvscredit.com
tvscredit.com
tvscredit.com

Read the full guide: Three-wheeler loan

Bank of Baroda vs Tata Capital 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. Tata Capital does not publish a tractor loan rate on its website, so none is shown.

DetailBank of BarodaTata CapitalTVS Credit
ProductBank of Baroda New Scheme for TractorNot publishedTractor Loan (also Used Tractor Loan)
Published rate12.25% - 14.50%by LTVNot publishedNew 11% - 25% p.a.; used 14% - 34% p.a.policy, 2023
Rate basisFixedNot publishedFixed IRR
Maximum tenure72 months (60 months for Tatkal)Not published12-72 months
Maximum fundingUp to 85% LTV (agri use); 80% agri-commercial; 70% TatkalNot publishedUp to 90% of tractor price
Processing fee1% of loan amountNot publishedUp to 5.9%
Pre-closure / prepaymentNot publishedNot published6% of future principal outstanding up to 12 months; 5% after
Other terms published
  • No minimum land holding for Tatkal Tractor Loan
  • Monthly/quarterly/half-yearly repayment
Not published
  • Repayment aligned to crop cycles
  • Farm implement finance available
Official sourcebankofbaroda.bank.inNot publishedtvscredit.com
tvscredit.com
tvscredit.com

EMI illustration: ₹8 lakh over 60 months

Loan providerRate usedMonthly EMITotal interestTotal repayable
Bank of Baroda12.25%₹17,897₹2,73,807₹10,73,807
TVS Credit11%₹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 amountBank 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 Tata Capital vs TVS Credit commercial vehicle loan: rate, fees and tenure

Only Tata Capital and TVS Credit publish a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. 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.

DetailBank of BarodaTata CapitalTVS Credit
ProductNot publishedCommercial Vehicle Loan (new and used)Used Commercial Vehicle Loan (used only)
Published rateNot publishedFrom 12% p.a.page meta descriptionUp to 30% p.a.policy, 2023
Rate basisNot publishedNot publishedFixed IRR
Maximum tenureNot publishedIMHCV up to 72 months; SLCV and buses up to 60 months6-36 months
Maximum fundingNot publishedIMHCV up to 100% of ex-showroom; SLCV up to 94% of on-road; buses up to 100% of on-roadNot published
Processing feeNot publishedAs per sanction letterUp to 5.9%
Pre-closure / prepaymentNot published4% of outstanding or Rs 5,000, whichever higher (excl. GST), with 30 days notice4% of principal outstanding up to 12 months; 5% for 13-36 months; 6% after 36 months
Other terms publishedNot published
  • Trucks, buses, tippers, pickups, special-application vehicles
  • Body funding available
  • Used CV refinance, top-up and balance transfer
  • Vehicles up to 15 years old
  • Refinance against existing vehicle
  • New CVs not financed per product page
Official sourceNot publishedtatacapital.com
tatacapital.com
tvscredit.com
tvscredit.com
tvscredit.com

Read the full guide: Commercial vehicle loan

Which is better: Bank of Baroda, Tata Capital 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: Tata Capital (12.50%) versus 13.60% at Bank of Baroda.
  • Used car loan, lower starting rate: Bank of Baroda (10.20%) versus 10.49% at Tata Capital.
  • Used car loan, longer maximum tenure: Tata Capital (72 months). 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 Tata Capital and TVS Credit 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.
  • Tata Capital car loan: Fixed and floating options.
  • Tata Capital two-wheeler loan: Fixed.
  • Tata Capital used car loan: Reducing balance; fixed EMI.

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, Tata Capital 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)

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)

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

  1. 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.
  2. Compare APR, not the headline rate. Processing fee, documentation charges and insurance change the real cost.
  3. Ask about pre-closure charges. Fixed-rate vehicle loans often carry charges for paying early; floating-rate loans to individuals cannot.
  4. 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.
  5. 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.

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

Tata Capital compared with other loan providers

TVS Credit compared with other loan providers

Head-to-head pages for these three loan providers

Swap one loan provider

Compare any two or three loan providers · Personal loans · Home loans · Vehicle loans

Frequently asked questions

Which is better for a two-wheeler loan: Bank of Baroda, Tata Capital or TVS Credit?

Tata Capital has the lower published starting two-wheeler loan rate at 12.50%, against 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, Tata Capital or TVS Credit?

Tata Capital has the lower published starting rate. Published starting rates: Bank of Baroda 13.60% and Tata Capital 12.50% (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, Tata Capital and TVS Credit?

Bank of Baroda: 2% of loan (min Rs 250 + GST). Tata Capital: Up to 4% + taxes. 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, Tata Capital and TVS Credit?

Bank of Baroda: 60 months. Tata Capital: 60 months. TVS Credit: 12-60 months.

What is the EMI on a ₹1 lakh two-wheeler loan at Bank of Baroda, Tata Capital 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%; Tata Capital about ₹3,345 a month at 12.50%. 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, Tata Capital and TVS Credit?

Bank of Baroda: Up to Rs 10 lakh. Tata Capital: Up to 100% for loans up to Rs 2.85 lakh; up to Rs 15 lakh for premium/superbikes. 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, Tata Capital and TVS Credit publish for a two-wheeler loan?

Bank of Baroda: Digital Two-Wheeler Loan variant. Tata Capital: Bounce charge Rs 600; Penal charge 3% per month on overdue amount. 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, Tata Capital and TVS Credit?

Bank of Baroda: Floating: nil; fixed: 2% + GST within 2 years. Tata Capital: Foreclosure 5% of principal outstanding; part-prepayment 5% of amount. 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, Tata Capital and TVS Credit publish rates for?

Bank of Baroda: car loan, two-wheeler loan, used car loan, electric car loan, tractor loan. Tata Capital: car loan, two-wheeler loan, used car loan, commercial vehicle 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.