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Axis Bank ₹8 lakh Car Loan EMI for 7 Years
At the advertised starting rate of 8.8%, the EMI is about ₹12,790 a month, with total interest of about ₹2,74,378.
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) | ₹12,790 | ₹2,74,378 | ₹10,74,378 |
| 9.3% | ₹12,993 | ₹2,91,445 | ₹10,91,445 |
| 9.8% | ₹13,198 | ₹3,08,667 | ₹11,08,667 |
| 10.3% | ₹13,405 | ₹3,26,044 | ₹11,26,044 |
| 10.8% | ₹13,614 | ₹3,43,573 | ₹11,43,573 |
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 | ₹86,517 | ₹66,966 | ₹1,53,483 | ₹7,13,483 |
| Year 2 | ₹94,445 | ₹59,038 | ₹1,53,483 | ₹6,19,038 |
| Year 3 | ₹1,03,100 | ₹50,383 | ₹1,53,483 | ₹5,15,939 |
| Year 4 | ₹1,12,548 | ₹40,935 | ₹1,53,483 | ₹4,03,391 |
| Year 5 | ₹1,22,861 | ₹30,621 | ₹1,53,483 | ₹2,80,530 |
| Year 6 | ₹1,34,120 | ₹19,363 | ₹1,53,483 | ₹1,46,410 |
| Year 7 | ₹1,46,410 | ₹7,072 | ₹1,53,483 | ₹0 |
Frequently asked questions
What is the EMI for a ₹8 lakh Axis Bank car loan for 7 years?
At Axis Bank's starting rate of 8.8% the EMI is about ₹12,790 a month. If your offered rate is 9.8% it would be about ₹13,198.
How much total interest will I pay?
At 8.8% the total interest over 7 years is about ₹2,74,378, so you repay about ₹10,74,378 in all.