SBI vs TVS Credit Vehicle Loan: Rates & Fees (Oct 2026)

SBI vs TVS Credit at a glance

Detail	SBI	TVS Credit
Loan provider type	Public sector bank	NBFC
Legal name	State Bank of India	TVS Credit Services Ltd
Vehicle loans with a published rate	Car loan, Two-wheeler loan, Used car loan, Electric car loan	Two-wheeler loan, Used car loan, Three-wheeler loan, Tractor loan, Commercial vehicle loan
Two-wheeler loan: published rate	11.70% - 15.70%	Up to 36% p.a.policy, 2023
Two-wheeler loan: maximum tenure	Up to 60 months	12-60 months
Used car loan: published rate	10.45% - 15.60%credit-score based	Up to 30% p.a.policy, 2023
Used car loan: maximum tenure	Up to 5 years (10 years minus vehicle age)	12-60 months
Official website	sbi.bank.in	tvscredit.com

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SBI vs TVS Credit 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. TVS Credit does not publish a car loan rate on its website, so none is shown.

Detail	SBI	TVS Credit
Product	SBI New Car Loan Scheme	Not published
Published rate	8.40% - 9.35%	Not published
Rate basis	MCLR-linked (per SBI auto loan rate page)	Not published
Maximum tenure	7 years	Not published
Maximum funding	Up to 100% of on-road price	Not published
Processing fee	Rs 1,000-3,000 + GST (salaried) / Rs 1,500-4,000 + GST (non-salaried), slab by loan amount	Not published
Pre-closure / prepayment	No prepayment charges; no foreclosure charges after 2 years (as published)	Not published
Other terms published	No advance EMI Interest on daily reducing balance Flexi-pay option: reduced EMI in initial months Variants: Loyalty Car Loan (8.35%-9.30%), Assured Car Loan, NRI Car Loan with nil processing fee	Not published
Official source	sbi.bank.in sbi.bank.in sbi.bank.in	Not published

Read the full guide: Car loan · EMI calculator

SBI vs TVS Credit two-wheeler loan: rate, fees and tenure

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

Detail	SBI	TVS Credit
Product	SBI Two Wheeler Loan Scheme	Two Wheeler Loan
Published rate	11.70% - 15.70%	Up to 36% p.a.policy, 2023
Rate basis	MCLR-linked (1-year MCLR)	Fixed IRR
Maximum tenure	Up to 60 months	12-60 months
Maximum funding	85% of on-road price; max Rs 3 lakh	Up to 95% of on-road price
Processing fee	3% of loan + GST (50% waiver for salary package customers)	New 2W up to 8.85%; used 2W up to 5.9% (incl. GST)
Pre-closure / prepayment	Not published	3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months
Other terms published	0.50% rate concession for electric two-wheelers Separate Super Bike Loan: 12.55% - 14.55%, fee 2% (max Rs 10,000 + GST)	Also finances used and other-OEM two-wheelers
Official source	sbi.bank.in sbi.bank.in sbi.bank.in	tvscredit.com tvscredit.com tvscredit.com

Read the full guide: Two-wheeler loan · EMI calculator

SBI vs TVS Credit used car loan: rate, fees and tenure

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

Detail	SBI	TVS Credit
Product	SBI Certified Pre-Owned Car Loan	Used Car Loan
Published rate	10.45% - 15.60%credit-score based	Up to 30% p.a.policy, 2023
Rate basis	MCLR-linked (1-year MCLR)	Fixed IRR
Maximum tenure	Up to 5 years (10 years minus vehicle age)	12-60 months
Maximum funding	Up to 85% of valuation; loan Rs 2 lakh - Rs 150 lakh	Up to 95% of asset value
Processing fee	1.50% of loan + GST (min Rs 3,000, max Rs 10,000 + GST)	Up to 5.9% (schedule of charges)
Pre-closure / prepayment	Not published	6.5% of principal outstanding up to 12 months; 6% for 12-24 months; 5.5% after 24 months
Other terms published	Certified pre-owned cars from authorised dealers Loan to be repaid before age 70	Approval in 4 hours No income proof required
Official source	sbi.bank.in sbi.bank.in sbi.bank.in	tvscredit.com tvscredit.com tvscredit.com

Read the full guide: Used car loan · EMI calculator

SBI vs TVS Credit 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. TVS Credit does not publish an electric car loan rate on its website, so none is shown.

Detail	SBI	TVS Credit
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	Electric cars only Concession vs regular car loan rate (published as 25 bps)	Not published
Official source	sbi.bank.in sbi.bank.in sbi.bank.in	Not published

Read the full guide: Electric car loan

SBI 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. SBI does not publish a three-wheeler loan rate on its website, so none is shown.

Detail	SBI	TVS Credit
Product	Not published	Three Wheeler Loan
Published rate	Not published	13% - 29% p.a.policy, 2023
Rate basis	Not published	Fixed IRR
Maximum tenure	Not published	4 years
Maximum funding	Not published	Based on vehicle and customer profile
Processing fee	Not published	Up to 5.9%
Pre-closure / prepayment	Not published	3% of principal outstanding up to 12 months; 4% for 12-24 months; 5% after 24 months
Other terms published	Not published	Same-day approval No income document scheme
Official source	Not published	tvscredit.com tvscredit.com tvscredit.com

Read the full guide: Three-wheeler loan

SBI vs TVS Credit tractor 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. TVS Credit lists the longer maximum tenure (12-72 months). SBI does not publish a tractor loan rate on its website, so none is shown.

Detail	SBI	TVS Credit
Product	SBI New Tractor Loan Scheme	Tractor Loan (also Used Tractor Loan)
Published rate	1-year MCLR + 3.60% to + 4.35%by collateral	New 11% - 25% p.a.; used 14% - 34% p.a.policy, 2023
Rate basis	MCLR-linked (1-year MCLR)	Fixed IRR
Maximum tenure	Up to 5 years (half-yearly instalments)	12-72 months
Maximum funding	75% of tractor + accessories cost (25% margin); loan Rs 2 lakh - Rs 25 lakh	Up to 90% of tractor price
Processing fee	1.50% of loan amount	Up to 5.9%
Pre-closure / prepayment	Not published	6% of future principal outstanding up to 12 months; 5% after
Other terms published	Collateral optional Minimum 2 acres agricultural land Loan paid directly to dealer	Repayment aligned to crop cycles Farm implement finance available
Official source	sbi.bank.in	tvscredit.com tvscredit.com tvscredit.com

Read the full guide: Tractor loan

SBI vs TVS Credit commercial vehicle 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. 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	TVS Credit
Product	SBI Commercial Vehicle Loan	Used Commercial Vehicle Loan (used only)
Published rate	Repo Rate + 2.65%	Up to 30% p.a.policy, 2023
Rate basis	EBR (repo) linked	Fixed IRR
Maximum tenure	84 months (48 months for electric CVs); up to 6 months moratorium	6-36 months
Maximum funding	85% of on-road price (15% margin); loan Rs 10 lakh - Rs 50 lakh	Not published
Processing fee	0.50% of loan + GST	Up to 5.9%
Pre-closure / prepayment	Not published	4% of principal outstanding up to 12 months; 5% for 13-36 months; 6% after 36 months
Other terms published	Covers new CVs, EV, hybrid, CNG, ambulances, caravans CGTMSE cover Needs 2 years industry experience	Vehicles up to 15 years old Refinance against existing vehicle New CVs not financed per product page
Official source	sbi.bank.in	tvscredit.com tvscredit.com tvscredit.com

Read the full guide: Commercial vehicle loan

Which is better: SBI or TVS Credit?

No loan provider is best for everyone. This is how the published figures split, product by product.

Tractor loan, longer maximum tenure: TVS Credit (12-72 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.

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Bank type and how each loan provider sets its rate

SBI is a public sector bank and TVS Credit 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.
TVS Credit two-wheeler loan: Fixed IRR.
TVS Credit publishes only a ceiling for its two-wheeler loan (Up to 36% p.a.), so it cannot be ranked on a starting rate.

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 TVS Credit

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)

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

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.

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.

SBI vs TVS Credit: personal, home and other loans

Comparing these loan providers for something other than a vehicle loan? See their published personal loan, home loan, loan against property, business, gold and education loan terms in one place.

SBI vs TVS Credit compared on all loan types

Frequently asked questions

Which is better for a two-wheeler loan: SBI or TVS Credit?

On the two-wheeler loan, SBI publishes 11.70% - 15.70%, while TVS Credit publishes Up to 36% p.a.. One of them gives only a ceiling or a different rate basis, so they cannot be ranked on a starting rate. 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.

What is the processing fee on a two-wheeler loan at SBI and TVS Credit?

SBI: 3% of loan + GST (50% waiver for salary package customers). 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 SBI and TVS Credit?

SBI: up to 60 months. TVS Credit: 12-60 months.

How much of the vehicle price can I borrow on a two-wheeler loan from SBI and TVS Credit?

SBI: 85% of on-road price; max Rs 3 lakh. 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 SBI and TVS Credit publish for a two-wheeler loan?

SBI: 0.50% rate concession for electric two-wheelers; Separate Super Bike Loan: 12.55% - 14.55%, fee 2% (max Rs 10,000 + GST). 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 SBI and TVS Credit?

SBI: not published. 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 SBI and TVS Credit publish rates for?

SBI: car loan, two-wheeler loan, used car loan, electric car 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.

SBI vs TVS Credit: Vehicle Loan Comparison