Federal Bank vs SBI vs Yes Bank at a glance
| Detail | Federal Bank | SBI | Yes Bank |
|---|---|---|---|
| Loan provider type | Private bank | Public sector bank | Private bank |
| Legal name | Federal Bank | State Bank of India | Yes Bank |
| Vehicle loans with a published rate | Car loan, Two-wheeler loan, Used car loan, Commercial vehicle loan | Car loan, Two-wheeler loan, Used car loan, Electric car loan | Not published |
| Official website | federal.bank.in | sbi.bank.in | yes.bank.in |
Federal Bank vs SBI vs Yes Bank car loan: rate, fees and tenure
Starting car loan rates as published: Federal Bank from 7.90% and SBI from 8.40%. Federal Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. Yes Bank lists the longer maximum tenure (96* months). Yes Bank does not publish a car loan rate on its website, so none is shown.
| Detail | Federal Bank | SBI | Yes Bank |
|---|---|---|---|
| Product | Federal Personal Car Loan (new) | SBI New Car Loan Scheme | YES BANK Car Loan |
| Published rate | 7.90% - 9.00% | 8.40% - 9.35% | Not published |
| Rate basis | Fixed (product page also lists 10.15% floating, repo-linked) | MCLR-linked (per SBI auto loan rate page) | Not published |
| Maximum tenure | 84 months | 7 years | 96* months |
| Maximum funding | Up to 95% of on-road price | Up to 100% of on-road price | Up to 100% of on-road price |
| Processing fee | 1% of loan (min ₹1,000, max ₹50,000) | Rs 1,000-3,000 + GST (salaried) / Rs 1,500-4,000 + GST (non-salaried), slab by loan amount | Not published |
| Pre-closure / prepayment | Nil | No prepayment charges; no foreclosure charges after 2 years (as published) | Not published |
| Other terms published |
|
|
|
| Official source | federal.bank.in federal.bank.in federal.bank.in | sbi.bank.in sbi.bank.in sbi.bank.in | yes.bank.in |
EMI illustration: ₹10 lakh over 60 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Federal Bank | 7.90% | ₹20,229 | ₹2,13,714 | ₹12,13,714 |
| 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 | Federal Bank (7.90%) | SBI (8.40%) |
|---|---|---|
| ₹5 lakh | ₹10,114 | ₹10,234 |
| ₹10 lakh | ₹20,229 | ₹20,468 |
| ₹15 lakh | ₹30,343 | ₹30,703 |
| ₹20 lakh | ₹40,457 | ₹40,937 |
Read the full guide: Car loan · EMI calculator
Federal Bank vs SBI vs Yes Bank two-wheeler loan: rate, fees and tenure
Starting two-wheeler loan rates as published: Federal Bank from 12.60% 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. Yes Bank does not publish a two-wheeler loan rate on its website, so none is shown.
| Detail | Federal Bank | SBI | Yes Bank |
|---|---|---|---|
| Product | Federal Personal Car Loan (new two-wheeler) | SBI Two Wheeler Loan Scheme | Not published |
| Published rate | 12.60% - 16.00% | 11.70% - 15.70% | Not published |
| Rate basis | Fixed | MCLR-linked (1-year MCLR) | Not published |
| Maximum tenure | 60 months | Up to 60 months | Not published |
| Maximum funding | Not published | 85% of on-road price; max Rs 3 lakh | Not published |
| Processing fee | 2.50% (min ₹2,500) | 3% of loan + GST (50% waiver for salary package customers) | Not published |
| Pre-closure / prepayment | Nil | Not published | Not published |
| Other terms published | Not published |
| Not published |
| Official source | federal.bank.in federal.bank.in federal.bank.in | sbi.bank.in sbi.bank.in sbi.bank.in | Not published |
EMI illustration: ₹1 lakh over 36 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Federal Bank | 12.60% | ₹3,350 | ₹20,606 | ₹1,20,606 |
| 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 | Federal Bank (12.60%) | SBI (11.70%) |
|---|---|---|
| ₹0.5 lakh | ₹1,675 | ₹1,654 |
| ₹1 lakh | ₹3,350 | ₹3,307 |
| ₹1.5 lakh | ₹5,025 | ₹4,961 |
Read the full guide: Two-wheeler loan · EMI calculator
Federal Bank vs SBI vs Yes Bank used car loan: rate, fees and tenure
Starting used car loan rates as published: Federal Bank from 10.15% and SBI from 10.45%. Federal Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. Yes Bank does not publish a used car loan rate on its website, so none is shown.
| Detail | Federal Bank | SBI | Yes Bank |
|---|---|---|---|
| Product | Loan for Pre-Owned Cars | SBI Certified Pre-Owned Car Loan | Used Car Loan |
| Published rate | 10.15% - 14.00% | 10.45% - 15.60%credit-score based | Not published |
| Rate basis | Fixed (product page also lists 15.05% floating) | MCLR-linked (1-year MCLR) | Not published |
| Maximum tenure | 60 months | Up to 5 years (10 years minus vehicle age) | Not published |
| Maximum funding | Up to 90% of vehicle value | Up to 85% of valuation; loan Rs 2 lakh - Rs 150 lakh | Zero down payment offered |
| Processing fee | 1% of loan (min ₹5,000, max ₹2,50,000) | 1.50% of loan + GST (min Rs 3,000, max Rs 10,000 + GST) | Not published |
| Pre-closure / prepayment | Nil | Not published | Not published |
| Other terms published | Not published |
|
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| Official source | federal.bank.in federal.bank.in federal.bank.in | sbi.bank.in sbi.bank.in sbi.bank.in | yes.bank.in |
EMI illustration: ₹5 lakh over 48 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| Federal Bank | 10.15% | ₹12,717 | ₹1,10,432 | ₹6,10,432 |
| 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 | Federal Bank (10.15%) | SBI (10.45%) |
|---|---|---|
| ₹3 lakh | ₹7,630 | ₹7,674 |
| ₹5 lakh | ₹12,717 | ₹12,790 |
| ₹8 lakh | ₹20,348 | ₹20,463 |
Read the full guide: Used car loan · EMI calculator
Federal Bank vs SBI vs Yes Bank electric car loan: rate, fees and tenure
Only SBI publishes a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. Federal Bank and Yes Bank do not publish an electric car loan rate on their website, so none is shown.
| Detail | Federal Bank | SBI | Yes Bank |
|---|---|---|---|
| Product | Not published | SBI Green Car Loan | Not published |
| Published rate | Not published | 8.30% - 9.35% | Not published |
| Rate basis | Not published | MCLR-linked (per SBI auto loan rate page) | Not published |
| Maximum tenure | Not published | Up to 8 years | Not published |
| Maximum funding | Not published | Up to 100% of on-road price | Not published |
| Processing fee | Not published | Nil | Not published |
| Other terms published | Not published |
| Not published |
| Official source | Not published | sbi.bank.in sbi.bank.in sbi.bank.in | Not published |
Read the full guide: Electric car loan
Federal Bank vs SBI vs Yes Bank commercial vehicle loan: rate, fees and tenure
Only Federal Bank publishes a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. SBI lists the longer maximum tenure (84 months (48 months for electric cvs); up to 6 months moratorium). SBI and Yes Bank do not publish a commercial vehicle loan rate on their website, so none is shown.
| Detail | Federal Bank | SBI | Yes Bank |
|---|---|---|---|
| Product | Commercial Vehicles & Construction Equipment Finance | SBI Commercial Vehicle Loan | Commercial Vehicle Loans |
| Published rate | 7.50% - 15% | Repo Rate + 2.65% | Not published |
| Rate basis | Not published | EBR (repo) linked | Not published |
| Maximum tenure | Not published | 84 months (48 months for electric CVs); up to 6 months moratorium | 60 months |
| Maximum funding | Not published | 85% of on-road price (15% margin); loan Rs 10 lakh - Rs 50 lakh | 90% - 95% (minimum 5%-10% margin by profile) |
| Processing fee | 0.25% + GST (product page); charges schedule lists 2% | 0.50% of loan + GST | Not published |
| Pre-closure / prepayment | Up to 3% | Not published | Not published |
| Other terms published |
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| Official source | federal.bank.in federal.bank.in | sbi.bank.in | yes.bank.in |
Read the full guide: Commercial vehicle loan
Which is better: Federal Bank, SBI or Yes Bank?
No loan provider is best for everyone. This is how the published figures split, product by product.
- Car loan, longer maximum tenure: Yes Bank (96* months). A longer tenure lowers the EMI but raises total interest.
- Commercial vehicle loan, longer maximum tenure: SBI (84 months (48 months for electric cvs); up to 6 months moratorium). 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
Federal Bank and Yes Bank are private banks and SBI is a public sector bank.
What the loan providers' own pages say about how their rates are set:
- Federal Bank car loan: Fixed (product page also lists 10.15% floating, repo-linked).
- Federal Bank two-wheeler loan: Fixed.
- Federal Bank used car loan: Fixed (product page also lists 15.05% floating).
- 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).
- SBI electric car loan: MCLR-linked (per SBI auto loan rate page).
- SBI tractor 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 Federal Bank, SBI and Yes Bank
Federal Bank
Private bank
Kerala-based private bank whose Personal Car Loan covers new cars, used cars and new two-wheelers on fixed rates, with no prepayment charges and free personal accident cover.
Lowest published starting rate: 7.50% (Commercial vehicle 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)
Yes Bank
Private bank
Private bank offering new and used car loans with up to 100% on-road funding and long tenures, plus commercial vehicle finance; it does not publish car loan rates on its product pages.
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.
- Federal Bank: federal.bank.in/retail-loans-interest-rates · federal.bank.in/personal-car-loan · federal.bank.in/car-loan-interest-rate · federal.bank.in/documents/d/guest/retail-loan-charges-07092926 · federal.bank.in/pre-owned-car-loan · federal.bank.in/commercial-vehicles
- 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
- Yes Bank: yes.bank.in/personal-banking/yes-individual/loans/car-loans · yes.bank.in/personal-banking/yes-individual/loans/used-car-loan · yes.bank.in/business-banking/loans/commercial-vehicle-financing
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
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Head-to-head pages for these three loan providers
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Frequently asked questions
Which is better for a vehicle loan: Federal Bank, SBI or Yes Bank?
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 Federal Bank, SBI and Yes Bank publish rates for?
Federal Bank: car loan, two-wheeler loan, used car loan, commercial vehicle loan. SBI: car loan, two-wheeler loan, used car loan, electric car loan. Yes Bank: no published rate found. 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.