ICICI Bank vs SBI vs Yes Bank at a glance
| Detail | ICICI Bank | SBI | Yes Bank |
|---|---|---|---|
| Loan provider type | Private bank | Public sector bank | Private bank |
| Legal name | ICICI Bank | State Bank of India | Yes Bank |
| 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 | Not published |
| Official website | icici.bank.in | sbi.bank.in | yes.bank.in |
ICICI Bank vs SBI vs Yes Bank car loan: rate, fees and tenure
Starting car loan rates as published: ICICI Bank from 8.40% and SBI from 8.40%. 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 | ICICI Bank | SBI | Yes Bank |
|---|---|---|---|
| Product | ICICI Bank Car Loan | SBI New Car Loan Scheme | YES BANK Car Loan |
| Published rate | From 8.40%tenure >36 months; Q1 FY27 disbursed range 7.90% - 11.20% | 8.40% - 9.35% | Not published |
| Rate basis | Not published | MCLR-linked (per SBI auto loan rate page) | Not published |
| Maximum tenure | Up to 84 months | 7 years | 96* months |
| Maximum funding | Up to 100% of on-road price | Up to 100% of on-road price | Up to 100% of on-road price |
| Processing fee | Up to Rs 8,500 + GST | Rs 1,000-3,000 + GST (salaried) / Rs 1,500-4,000 + GST (non-salaried), slab by loan amount | Not published |
| Pre-closure / prepayment | Foreclosure: 3% (up to 12 months), 2% (13-24 months), nil after 24 months; part-prepay 3% up to 24 months, nil after | No prepayment charges; no foreclosure charges after 2 years (as published) | Not published |
| Other terms published |
|
|
|
| Official source | icici.bank.in icici.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 |
|---|---|---|---|---|
| ICICI Bank | 8.40% | ₹20,468 | ₹2,28,102 | ₹12,28,102 |
| 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 | ICICI Bank (8.40%) | SBI (8.40%) |
|---|---|---|
| ₹5 lakh | ₹10,234 | ₹10,234 |
| ₹10 lakh | ₹20,468 | ₹20,468 |
| ₹15 lakh | ₹30,703 | ₹30,703 |
| ₹20 lakh | ₹40,937 | ₹40,937 |
Read the full guide: Car loan · EMI calculator
ICICI Bank vs SBI vs Yes Bank two-wheeler loan: rate, fees and tenure
Starting two-wheeler loan rates as published: ICICI Bank from 10.25% and SBI from 11.70%. ICICI Bank 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 60 months). Yes Bank does not publish a two-wheeler loan rate on its website, so none is shown.
| Detail | ICICI Bank | SBI | Yes Bank |
|---|---|---|---|
| Product | ICICI Bank Two-Wheeler Loan | SBI Two Wheeler Loan Scheme | Not published |
| Published rate | 10.25% - 26.10% | 11.70% - 15.70% | Not published |
| Rate basis | Fixed | MCLR-linked (1-year MCLR) | Not published |
| Maximum tenure | Up to 36 months | Up to 60 months | Not published |
| Maximum funding | Up to 100% of on-road price | 85% of on-road price; max Rs 3 lakh | Not published |
| Processing fee | Up to 4% of loan amount | 3% of loan + GST (50% waiver for salary package customers) | Not published |
| Pre-closure / prepayment | 4% of principal outstanding (nil for eligible micro/small segment) | Not published | Not published |
| Other terms published |
|
| Not published |
| Official source | icici.bank.in icici.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 |
|---|---|---|---|---|
| ICICI Bank | 10.25% | ₹3,238 | ₹16,585 | ₹1,16,585 |
| 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 | ICICI Bank (10.25%) | SBI (11.70%) |
|---|---|---|
| ₹0.5 lakh | ₹1,619 | ₹1,654 |
| ₹1 lakh | ₹3,238 | ₹3,307 |
| ₹1.5 lakh | ₹4,858 | ₹4,961 |
Read the full guide: Two-wheeler loan · EMI calculator
ICICI Bank vs SBI vs Yes Bank used car loan: rate, fees and tenure
Starting used car loan rates as published: ICICI Bank from 9.75% and SBI from 10.45%. ICICI Bank is lower at the starting rate, but the top of each range and your own credit profile decide what you are actually offered. ICICI Bank lists the longer maximum tenure (up to 84 months). Yes Bank does not publish a used car loan rate on its website, so none is shown.
| Detail | ICICI Bank | SBI | Yes Bank |
|---|---|---|---|
| Product | ICICI Bank Used Car Loan | SBI Certified Pre-Owned Car Loan | Used Car Loan |
| Published rate | From 9.75%; Q1 FY27 disbursed range 9.75% - 16.90% | 10.45% - 15.60%credit-score based | Not published |
| Rate basis | Not published | MCLR-linked (1-year MCLR) | Not published |
| Maximum tenure | Up to 84 months | Up to 5 years (10 years minus vehicle age) | Not published |
| Maximum funding | Up to 100% (as published) | Up to 85% of valuation; loan Rs 2 lakh - Rs 150 lakh | Zero down payment offered |
| Processing fee | 2% of loan, max Rs 20,000 + GST | 1.50% of loan + GST (min Rs 3,000, max Rs 10,000 + GST) | Not published |
| Pre-closure / prepayment | Same schedule as new car loan (per service-charges page) | Not published | Not published |
| Other terms published |
|
|
|
| Official source | icici.bank.in icici.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 |
|---|---|---|---|---|
| ICICI Bank | 9.75% | ₹12,621 | ₹1,05,825 | ₹6,05,825 |
| 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 | ICICI Bank (9.75%) | SBI (10.45%) |
|---|---|---|
| ₹3 lakh | ₹7,573 | ₹7,674 |
| ₹5 lakh | ₹12,621 | ₹12,790 |
| ₹8 lakh | ₹20,194 | ₹20,463 |
Read the full guide: Used car loan · EMI calculator
ICICI Bank vs SBI vs Yes Bank electric car loan: rate, fees and tenure
Starting electric car loan rates as published: ICICI Bank from 9.10% and SBI from 8.30%. 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 an electric car loan rate on its website, so none is shown.
| Detail | ICICI Bank | SBI | Yes Bank |
|---|---|---|---|
| Product | ICICI Bank EV Car Loan | SBI Green Car Loan | Not published |
| Published rate | From 9.10% | 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 | Up to 100% of on-road price | 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 | icici.bank.in | sbi.bank.in sbi.bank.in sbi.bank.in | Not published |
EMI illustration: ₹15 lakh over 60 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| ICICI Bank | 9.10% | ₹31,210 | ₹3,72,623 | ₹18,72,623 |
| 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 | ICICI Bank (9.10%) | SBI (8.30%) |
|---|---|---|
| ₹10 lakh | ₹20,807 | ₹20,420 |
| ₹15 lakh | ₹31,210 | ₹30,630 |
| ₹25 lakh | ₹52,017 | ₹51,051 |
Read the full guide: Electric car loan
ICICI Bank vs SBI vs Yes Bank tractor loan: rate, fees and tenure
Only ICICI Bank publishes a rate for this product with a stated starting figure, so a like-for-like ranking is not possible. ICICI Bank lists the longer maximum tenure (12 - 72 months). SBI and Yes Bank do not publish a tractor loan rate on their website, so none is shown.
| Detail | ICICI Bank | SBI | Yes Bank |
|---|---|---|---|
| Product | ICICI Bank Tractor Loan | SBI New Tractor Loan Scheme | Not published |
| Published rate | 12.00% - 21.00%Oct-Dec 2025 disbursed range | 1-year MCLR + 3.60% to + 4.35%by collateral | Not published |
| Rate basis | Not published | MCLR-linked (1-year MCLR) | Not published |
| Maximum tenure | 12 - 72 months | Up to 5 years (half-yearly instalments) | Not published |
| Maximum funding | Not published | 75% of tractor + accessories cost (25% margin); loan Rs 2 lakh - Rs 25 lakh | Not published |
| Processing fee | Up to 2% of loan + GST | 1.50% of loan amount | Not published |
| Pre-closure / prepayment | 4% of prepaid amount | Not published | Not published |
| Other terms published |
|
| Not published |
| Official source | icici.bank.in icici.bank.in | sbi.bank.in | Not published |
Read the full guide: Tractor loan
Which is better: ICICI 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.
- Two-wheeler loan, longer maximum tenure: SBI (up to 60 months). A longer tenure lowers the EMI but raises total interest.
- Used car loan, longer maximum tenure: ICICI Bank (up to 84 months). A longer tenure lowers the EMI but raises total interest.
- Tractor loan, longer maximum tenure: ICICI Bank (12 - 72 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
ICICI 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:
- ICICI Bank two-wheeler loan: Fixed.
- ICICI Bank commercial vehicle loan: Flat rate scheme.
- 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).
- SBI commercial vehicle loan: EBR (repo) linked.
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 ICICI Bank, SBI and Yes Bank
ICICI Bank
Private bank
Large private-sector loan provider with a digital-first car loan process, covering new, used and EV cars, two-wheelers, commercial vehicles and tractors.
Lowest published starting rate: 8.40% (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)
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.
- ICICI Bank: icici.bank.in/personal-banking/loans/car-loan · icici.bank.in/personal-banking/loans/car-loan/service-charges · icici.bank.in/personal-banking/loans/two-wheeler-loan · icici.bank.in/personal-banking/loans/two-wheeler-loan/interest-rate · icici.bank.in/personal-banking/loans/car-loan/pre-owned-car-loans · icici.bank.in/personal-banking/loans/car-loan/ev-car-loan
- 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
ICICI Bank compared with other loan providers
SBI 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 vehicle loan: ICICI 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 ICICI Bank, SBI and Yes Bank publish rates for?
ICICI Bank: 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. 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.