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Axis Bank ₹5 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 8.8%, the EMI is about ₹10,331 a month, with total interest of about ₹1,19,843.
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) | ₹10,331 | ₹1,19,843 | ₹6,19,843 |
| 9.3% | ₹10,452 | ₹1,27,128 | ₹6,27,128 |
| 9.8% | ₹10,574 | ₹1,34,463 | ₹6,34,463 |
| 10.3% | ₹10,697 | ₹1,41,849 | ₹6,41,849 |
| 10.8% | ₹10,821 | ₹1,49,284 | ₹6,49,284 |
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 | ₹83,274 | ₹40,694 | ₹1,23,969 | ₹4,16,726 |
| Year 2 | ₹90,905 | ₹33,063 | ₹1,23,969 | ₹3,25,821 |
| Year 3 | ₹99,235 | ₹24,733 | ₹1,23,969 | ₹2,26,585 |
| Year 4 | ₹1,08,329 | ₹15,639 | ₹1,23,969 | ₹1,18,256 |
| Year 5 | ₹1,18,256 | ₹5,712 | ₹1,23,969 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh Axis Bank car loan for 5 years?
At Axis Bank's starting rate of 8.8% the EMI is about ₹10,331 a month. If your offered rate is 9.8% it would be about ₹10,574.
How much total interest will I pay?
At 8.8% the total interest over 5 years is about ₹1,19,843, so you repay about ₹6,19,843 in all.