SBI vs Tata Capital at a glance
| Detail | SBI | Tata Capital |
|---|---|---|
| Loan provider type | Public sector bank | NBFC |
| Legal name | State Bank of India | Tata Capital Ltd |
| Vehicle loans with a published rate | Car loan, Two-wheeler loan, Used car loan, Electric car loan | Car loan, Two-wheeler loan, Used car loan, Commercial vehicle loan |
| Car loan: published rate | 8.40% - 9.35% | From 9.49% p.a. |
| Car loan: maximum tenure | 7 years | 84 months (product page); rates page calculator shows 72 months |
| Two-wheeler loan: published rate | 11.70% - 15.70% | From 12.5% p.a. |
| Two-wheeler loan: maximum tenure | Up to 60 months | 60 months |
| Used car loan: published rate | 10.45% - 15.60%credit-score based | From 10.49% p.a. |
| Used car loan: maximum tenure | Up to 5 years (10 years minus vehicle age) | 72 months |
| Official website | sbi.bank.in | tatacapital.com |
SBI vs Tata Capital car loan: rate, fees and tenure
Starting car loan rates as published: SBI from 8.40% and Tata Capital from 9.49%. 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 | SBI | Tata Capital |
|---|---|---|
| Product | SBI New Car Loan Scheme | New Car Loan |
| Published rate | 8.40% - 9.35% | From 9.49% p.a. |
| Rate basis | MCLR-linked (per SBI auto loan rate page) | Fixed and floating options |
| Maximum tenure | 7 years | 84 months (product page); rates page calculator shows 72 months |
| Maximum funding | Up to 100% of on-road price | Up to 100% on-road; loan up to Rs 5 crore |
| Processing fee | Rs 1,000-3,000 + GST (salaried) / Rs 1,500-4,000 + GST (non-salaried), slab by loan amount | Up to 2.95% of loan amount |
| Pre-closure / prepayment | No prepayment charges; no foreclosure charges after 2 years (as published) | 6% of principal outstanding within 12 months; 5% after 12 months (same for part-prepayment) |
| Other terms published |
|
|
| Official source | sbi.bank.in sbi.bank.in sbi.bank.in | tatacapital.com tatacapital.com |
EMI illustration: ₹10 lakh over 60 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| SBI | 8.40% | ₹20,468 | ₹2,28,102 | ₹12,28,102 |
| 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 | SBI (8.40%) | Tata Capital (9.49%) |
|---|---|---|
| ₹5 lakh | ₹10,234 | ₹10,498 |
| ₹10 lakh | ₹20,468 | ₹20,997 |
| ₹15 lakh | ₹30,703 | ₹31,495 |
| ₹20 lakh | ₹40,937 | ₹41,994 |
Read the full guide: Car loan · EMI calculator
SBI vs Tata Capital two-wheeler loan: rate, fees and tenure
Starting two-wheeler loan rates as published: SBI from 11.70% and Tata Capital from 12.50%. 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 | SBI | Tata Capital |
|---|---|---|
| Product | SBI Two Wheeler Loan Scheme | Two-Wheeler Loan |
| Published rate | 11.70% - 15.70% | From 12.5% p.a. |
| Rate basis | MCLR-linked (1-year MCLR) | Fixed |
| Maximum tenure | Up to 60 months | 60 months |
| Maximum funding | 85% of on-road price; max Rs 3 lakh | Up to 100% for loans up to Rs 2.85 lakh; up to Rs 15 lakh for premium/superbikes |
| Processing fee | 3% of loan + GST (50% waiver for salary package customers) | Up to 4% + taxes |
| Pre-closure / prepayment | Not published | Foreclosure 5% of principal outstanding; part-prepayment 5% of amount |
| Other terms published |
|
|
| Official source | sbi.bank.in sbi.bank.in sbi.bank.in | tatacapital.com |
EMI illustration: ₹1 lakh over 36 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| SBI | 11.70% | ₹3,307 | ₹19,056 | ₹1,19,056 |
| 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 | SBI (11.70%) | Tata Capital (12.50%) |
|---|---|---|
| ₹0.5 lakh | ₹1,654 | ₹1,673 |
| ₹1 lakh | ₹3,307 | ₹3,345 |
| ₹1.5 lakh | ₹4,961 | ₹5,018 |
Read the full guide: Two-wheeler loan · EMI calculator
SBI vs Tata Capital used car loan: rate, fees and tenure
Starting used car loan rates as published: SBI from 10.45% and Tata Capital from 10.49%. SBI 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 | SBI | Tata Capital |
|---|---|---|
| Product | SBI Certified Pre-Owned Car Loan | Used Car Loan |
| Published rate | 10.45% - 15.60%credit-score based | From 10.49% p.a. |
| Rate basis | MCLR-linked (1-year MCLR) | Reducing balance; fixed EMI |
| Maximum tenure | Up to 5 years (10 years minus vehicle age) | 72 months |
| Maximum funding | Up to 85% of valuation; loan Rs 2 lakh - Rs 150 lakh | Up to 95% of car value (100% on select cars); loan up to Rs 50 lakh |
| Processing fee | 1.50% of loan + GST (min Rs 3,000, max Rs 10,000 + GST) | Up to 2.95% of loan amount |
| Pre-closure / prepayment | Not published | 6% of principal outstanding within 12 months; 5% after 12 months (same for part-prepayment) |
| Other terms published |
|
|
| Official source | sbi.bank.in sbi.bank.in sbi.bank.in | tatacapital.com tatacapital.com |
EMI illustration: ₹5 lakh over 48 months
| Loan provider | Rate used | Monthly EMI | Total interest | Total repayable |
|---|---|---|---|---|
| SBI | 10.45% | ₹12,790 | ₹1,13,902 | ₹6,13,902 |
| 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 | SBI (10.45%) | Tata Capital (10.49%) |
|---|---|---|
| ₹3 lakh | ₹7,674 | ₹7,680 |
| ₹5 lakh | ₹12,790 | ₹12,799 |
| ₹8 lakh | ₹20,463 | ₹20,479 |
Read the full guide: Used car loan · EMI calculator
SBI vs Tata Capital 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. Tata Capital does not publish an electric car loan rate on its website, so none is shown.
| Detail | SBI | Tata Capital |
|---|---|---|
| Product | SBI Green Car Loan | Not published |
| Published rate | 8.30% - 9.35% | Not published |
| Rate basis | MCLR-linked (per SBI auto loan rate page) | Not published |
| Maximum tenure | Up to 8 years | Not published |
| Maximum funding | Up to 100% of on-road price | Not published |
| Processing fee | Nil | Not published |
| Other terms published |
| Not published |
| Official source | sbi.bank.in sbi.bank.in sbi.bank.in | Not published |
Read the full guide: Electric car loan
SBI vs Tata Capital commercial vehicle loan: rate, fees and tenure
Only Tata Capital 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 does not publish a commercial vehicle loan rate on its website, so none is shown.
| Detail | SBI | Tata Capital |
|---|---|---|
| Product | SBI Commercial Vehicle Loan | Commercial Vehicle Loan (new and used) |
| Published rate | Repo Rate + 2.65% | From 12% p.a.page meta description |
| Rate basis | EBR (repo) linked | Not published |
| Maximum tenure | 84 months (48 months for electric CVs); up to 6 months moratorium | IMHCV up to 72 months; SLCV and buses up to 60 months |
| Maximum funding | 85% of on-road price (15% margin); loan Rs 10 lakh - Rs 50 lakh | IMHCV up to 100% of ex-showroom; SLCV up to 94% of on-road; buses up to 100% of on-road |
| Processing fee | 0.50% of loan + GST | As per sanction letter |
| Pre-closure / prepayment | Not published | 4% of outstanding or Rs 5,000, whichever higher (excl. GST), with 30 days notice |
| Other terms published |
|
|
| Official source | sbi.bank.in | tatacapital.com tatacapital.com |
Read the full guide: Commercial vehicle loan
Which is better: SBI 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: SBI (8.40%) versus 9.49% at Tata Capital.
- Two-wheeler loan, lower starting rate: SBI (11.70%) versus 12.50% at Tata Capital.
- Used car loan, lower starting rate: SBI (10.45%) 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: 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
SBI is a public sector bank and Tata Capital is a nbfc.
What the loan providers' own pages say about how their rates are set:
- 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.
- Tata Capital car loan: Fixed and floating options.
- Tata Capital two-wheeler loan: Fixed.
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 SBI and Tata Capital
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)
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.
- 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
- 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.
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Frequently asked questions
Which is better for a car loan: SBI or Tata Capital?
SBI has the lower published starting car loan rate at 8.40%, against 9.49% at Tata Capital. 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: SBI or Tata Capital?
SBI has the lower published starting rate. Published starting rates: SBI 8.40% 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 SBI and Tata Capital?
SBI: Rs 1,000-3,000 + GST (salaried) / Rs 1,500-4,000 + GST (non-salaried), slab by loan amount. 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 SBI and Tata Capital?
SBI: 7 years. Tata Capital: 84 months (product page); rates page calculator shows 72 months.
What is the EMI on a ₹10 lakh car loan at SBI and Tata Capital?
Over 60 months at each loan provider's lowest published rate: SBI about ₹20,468 a month at 8.40%; 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 SBI and Tata Capital?
SBI: Up to 100% of on-road price. 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 SBI and Tata Capital publish for a car loan?
SBI: No advance EMI; Interest on daily reducing balance; Flexi-pay option: reduced EMI in initial months. 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 SBI and Tata Capital?
SBI: No prepayment charges; no foreclosure charges after 2 years (as published). 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 SBI and Tata Capital publish rates for?
SBI: car loan, two-wheeler loan, used car loan, electric car 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.