Home › Car Loan › Axis Bank › ₹15 lakh for 5 years
Axis Bank ₹15 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 8.8%, the EMI is about ₹30,992 a month, with total interest of about ₹3,59,528.
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) | ₹30,992 | ₹3,59,528 | ₹18,59,528 |
| 9.3% | ₹31,356 | ₹3,81,383 | ₹18,81,383 |
| 9.8% | ₹31,723 | ₹4,03,389 | ₹19,03,389 |
| 10.3% | ₹32,092 | ₹4,25,546 | ₹19,25,546 |
| 10.8% | ₹32,464 | ₹4,47,853 | ₹19,47,853 |
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 | ₹2,49,822 | ₹1,22,083 | ₹3,71,906 | ₹12,50,178 |
| Year 2 | ₹2,72,715 | ₹99,190 | ₹3,71,906 | ₹9,77,462 |
| Year 3 | ₹2,97,706 | ₹74,199 | ₹3,71,906 | ₹6,79,756 |
| Year 4 | ₹3,24,987 | ₹46,918 | ₹3,71,906 | ₹3,54,768 |
| Year 5 | ₹3,54,768 | ₹17,137 | ₹3,71,906 | ₹0 |
Frequently asked questions
What is the EMI for a ₹15 lakh Axis Bank car loan for 5 years?
At Axis Bank's starting rate of 8.8% the EMI is about ₹30,992 a month. If your offered rate is 9.8% it would be about ₹31,723.
How much total interest will I pay?
At 8.8% the total interest over 5 years is about ₹3,59,528, so you repay about ₹18,59,528 in all.