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Axis Bank ₹15 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 8.8%, the EMI is about ₹47,560 a month, with total interest of about ₹2,12,164.
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) | ₹47,560 | ₹2,12,164 | ₹17,12,164 |
| 9.3% | ₹47,909 | ₹2,24,735 | ₹17,24,735 |
| 9.8% | ₹48,260 | ₹2,37,362 | ₹17,37,362 |
| 10.3% | ₹48,612 | ₹2,50,044 | ₹17,50,044 |
| 10.8% | ₹48,966 | ₹2,62,781 | ₹17,62,781 |
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 | ₹4,56,856 | ₹1,13,865 | ₹5,70,721 | ₹10,43,144 |
| Year 2 | ₹4,98,721 | ₹72,000 | ₹5,70,721 | ₹5,44,423 |
| Year 3 | ₹5,44,423 | ₹26,298 | ₹5,70,721 | ₹0 |
Frequently asked questions
What is the EMI for a ₹15 lakh Axis Bank car loan for 3 years?
At Axis Bank's starting rate of 8.8% the EMI is about ₹47,560 a month. If your offered rate is 9.8% it would be about ₹48,260.
How much total interest will I pay?
At 8.8% the total interest over 3 years is about ₹2,12,164, so you repay about ₹17,12,164 in all.