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Axis Bank ₹10 lakh Car Loan EMI for 7 Years
At the advertised starting rate of 8.8%, the EMI is about ₹15,988 a month, with total interest of about ₹3,42,972.
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) | ₹15,988 | ₹3,42,972 | ₹13,42,972 |
| 9.3% | ₹16,242 | ₹3,64,306 | ₹13,64,306 |
| 9.8% | ₹16,498 | ₹3,85,834 | ₹13,85,834 |
| 10.3% | ₹16,757 | ₹4,07,555 | ₹14,07,555 |
| 10.8% | ₹17,017 | ₹4,29,467 | ₹14,29,467 |
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 | ₹1,08,146 | ₹83,707 | ₹1,91,853 | ₹8,91,854 |
| Year 2 | ₹1,18,056 | ₹73,797 | ₹1,91,853 | ₹7,73,798 |
| Year 3 | ₹1,28,875 | ₹62,979 | ₹1,91,853 | ₹6,44,923 |
| Year 4 | ₹1,40,684 | ₹51,169 | ₹1,91,853 | ₹5,04,239 |
| Year 5 | ₹1,53,576 | ₹38,277 | ₹1,91,853 | ₹3,50,662 |
| Year 6 | ₹1,67,650 | ₹24,203 | ₹1,91,853 | ₹1,83,013 |
| Year 7 | ₹1,83,013 | ₹8,840 | ₹1,91,853 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Axis Bank car loan for 7 years?
At Axis Bank's starting rate of 8.8% the EMI is about ₹15,988 a month. If your offered rate is 9.8% it would be about ₹16,498.
How much total interest will I pay?
At 8.8% the total interest over 7 years is about ₹3,42,972, so you repay about ₹13,42,972 in all.