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Axis Bank ₹8 lakh Car Loan EMI for 5 Years
At the advertised starting rate of 8.8%, the EMI is about ₹16,529 a month, with total interest of about ₹1,91,748.
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) | ₹16,529 | ₹1,91,748 | ₹9,91,748 |
| 9.3% | ₹16,723 | ₹2,03,404 | ₹10,03,404 |
| 9.8% | ₹16,919 | ₹2,15,141 | ₹10,15,141 |
| 10.3% | ₹17,116 | ₹2,26,958 | ₹10,26,958 |
| 10.8% | ₹17,314 | ₹2,38,855 | ₹10,38,855 |
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 | ₹1,33,239 | ₹65,111 | ₹1,98,350 | ₹6,66,761 |
| Year 2 | ₹1,45,448 | ₹52,901 | ₹1,98,350 | ₹5,21,313 |
| Year 3 | ₹1,58,777 | ₹39,573 | ₹1,98,350 | ₹3,62,537 |
| Year 4 | ₹1,73,327 | ₹25,023 | ₹1,98,350 | ₹1,89,210 |
| Year 5 | ₹1,89,210 | ₹9,140 | ₹1,98,350 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 lakh Axis Bank car loan for 5 years?
At Axis Bank's starting rate of 8.8% the EMI is about ₹16,529 a month. If your offered rate is 9.8% it would be about ₹16,919.
How much total interest will I pay?
At 8.8% the total interest over 5 years is about ₹1,91,748, so you repay about ₹9,91,748 in all.