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Home › Car Loan › Axis Bank

Axis Bank Car Loan Interest Rate November 2026

Updated 2 November 2026Rates from official bank websitesHow we check rates

Axis Bank advertises car loan rates starting from 8.8% per annum. For ₹8 lakh over 5 years that is an EMI of about ₹16,529 a month.

Starting rate8.8%per annum
EMI per month₹16,529₹8 lakh, 5 years
Total interest₹1,91,748over the full term
Max tenuren/aas stated by the bank

Axis Bank car loan rates and charges

Starting interest rate8.8% per annum
Applies toEffective rate 8.80% to 11.70%
Processing feeUp to 2% of the loan amount plus GST
PrepaymentNot stated on the page we checked
Maximum tenureNot stated on the page we checked

Source: Axis Bank official page, checked 2 November 2026.

These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.

Axis Bank car loan EMI calculator

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Compare Axis Bank with other banks

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Frequently asked questions

What is the Axis Bank car loan interest rate?

Axis Bank's website advertises car loan rates starting from 8.8% per annum (checked 2026-11-02). The rate you get depends on your credit score, income and loan amount.

What is the EMI on a ₹8 lakh car loan from Axis Bank?

At the starting rate of 8.8% over 5 years the EMI is about ₹16,529 a month, with total interest of about ₹1,91,748. A higher personal rate would raise this.

What is the processing fee for a Axis Bank car loan?

Axis Bank states: Up to 2% of the loan amount plus GST.

Does Axis Bank charge prepayment charges on a car loan?

The page we checked did not state prepayment terms. Please confirm with the bank.

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