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Axis Bank ₹10 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 8.8%, the EMI is about ₹20,661 a month, with total interest of about ₹2,39,685.
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.
Prepayment options (optional): pay extra to finish sooner
EMI at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 8.8% (starting) | ₹20,661 | ₹2,39,685 | ₹12,39,685 |
| 9.3% | ₹20,904 | ₹2,54,255 | ₹12,54,255 |
| 9.8% | ₹21,149 | ₹2,68,926 | ₹12,68,926 |
| 10.3% | ₹21,395 | ₹2,83,697 | ₹12,83,697 |
| 10.8% | ₹21,643 | ₹2,98,569 | ₹12,98,569 |
Year-by-year repayment schedule at 8.8%
How much of each year's payments goes to principal and to interest, and what you still owe at the end of the year. Use the calculator above for a month-by-month view and prepayment options.
| Year | Principal | Interest | Paid | Balance left |
|---|---|---|---|---|
| Year 1 | ₹1,66,548 | ₹81,389 | ₹2,47,937 | ₹8,33,452 |
| Year 2 | ₹1,81,810 | ₹66,127 | ₹2,47,937 | ₹6,51,642 |
| Year 3 | ₹1,98,471 | ₹49,466 | ₹2,47,937 | ₹4,53,171 |
| Year 4 | ₹2,16,658 | ₹31,279 | ₹2,47,937 | ₹2,36,512 |
| Year 5 | ₹2,36,512 | ₹11,425 | ₹2,47,937 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Axis Bank car loan for 5 years?
At Axis Bank's starting rate of 8.8% the EMI is about ₹20,661 a month. If your offered rate is 9.8% it would be about ₹21,149.
How much total interest will I pay?
At 8.8% the total interest over 5 years is about ₹2,39,685, so you repay about ₹12,39,685 in all.