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Axis Bank ₹5 lakh Car Loan EMI for 7 Years
At the advertised starting rate of 8.8%, the EMI is about ₹7,994 a month, with total interest of about ₹1,71,486.
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) | ₹7,994 | ₹1,71,486 | ₹6,71,486 |
| 9.3% | ₹8,121 | ₹1,82,153 | ₹6,82,153 |
| 9.8% | ₹8,249 | ₹1,92,917 | ₹6,92,917 |
| 10.3% | ₹8,378 | ₹2,03,777 | ₹7,03,777 |
| 10.8% | ₹8,509 | ₹2,14,733 | ₹7,14,733 |
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 | ₹54,073 | ₹41,854 | ₹95,927 | ₹4,45,927 |
| Year 2 | ₹59,028 | ₹36,898 | ₹95,927 | ₹3,86,899 |
| Year 3 | ₹64,437 | ₹31,489 | ₹95,927 | ₹3,22,462 |
| Year 4 | ₹70,342 | ₹25,584 | ₹95,927 | ₹2,52,119 |
| Year 5 | ₹76,788 | ₹19,138 | ₹95,927 | ₹1,75,331 |
| Year 6 | ₹83,825 | ₹12,102 | ₹95,927 | ₹91,506 |
| Year 7 | ₹91,506 | ₹4,420 | ₹95,927 | ₹0 |
Frequently asked questions
What is the EMI for a ₹5 lakh Axis Bank car loan for 7 years?
At Axis Bank's starting rate of 8.8% the EMI is about ₹7,994 a month. If your offered rate is 9.8% it would be about ₹8,249.
How much total interest will I pay?
At 8.8% the total interest over 7 years is about ₹1,71,486, so you repay about ₹6,71,486 in all.