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Axis Bank ₹5 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 8.8%, the EMI is about ₹15,853 a month, with total interest of about ₹70,721.
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) | ₹15,853 | ₹70,721 | ₹5,70,721 |
| 9.3% | ₹15,970 | ₹74,912 | ₹5,74,912 |
| 9.8% | ₹16,087 | ₹79,121 | ₹5,79,121 |
| 10.3% | ₹16,204 | ₹83,348 | ₹5,83,348 |
| 10.8% | ₹16,322 | ₹87,594 | ₹5,87,594 |
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 | ₹1,52,285 | ₹37,955 | ₹1,90,240 | ₹3,47,715 |
| Year 2 | ₹1,66,240 | ₹24,000 | ₹1,90,240 | ₹1,81,474 |
| Year 3 | ₹1,81,474 | ₹8,766 | ₹1,90,240 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh Axis Bank car loan for 3 years?
At Axis Bank's starting rate of 8.8% the EMI is about ₹15,853 a month. If your offered rate is 9.8% it would be about ₹16,087.
How much total interest will I pay?
At 8.8% the total interest over 3 years is about ₹70,721, so you repay about ₹5,70,721 in all.