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Axis Bank ₹8 lakh Car Loan EMI for 3 Years
At the advertised starting rate of 8.8%, the EMI is about ₹25,365 a month, with total interest of about ₹1,13,154.
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) | ₹25,365 | ₹1,13,154 | ₹9,13,154 |
| 9.3% | ₹25,552 | ₹1,19,859 | ₹9,19,859 |
| 9.8% | ₹25,739 | ₹1,26,593 | ₹9,26,593 |
| 10.3% | ₹25,927 | ₹1,33,357 | ₹9,33,357 |
| 10.8% | ₹26,115 | ₹1,40,150 | ₹9,40,150 |
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 | ₹2,43,657 | ₹60,728 | ₹3,04,385 | ₹5,56,343 |
| Year 2 | ₹2,65,985 | ₹38,400 | ₹3,04,385 | ₹2,90,359 |
| Year 3 | ₹2,90,359 | ₹14,026 | ₹3,04,385 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 lakh Axis Bank car loan for 3 years?
At Axis Bank's starting rate of 8.8% the EMI is about ₹25,365 a month. If your offered rate is 9.8% it would be about ₹25,739.
How much total interest will I pay?
At 8.8% the total interest over 3 years is about ₹1,13,154, so you repay about ₹9,13,154 in all.