Axis Bank Car Loan EMI Calculator
Calculate monthly EMIs for buying a new car with Axis Bank auto financing.
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Official Rate Formula & Benchmark:
Axis Bank Car Loans feature fixed interest rates starting from 8.85% p.a. with financing up to 100% on-road price for select models.
Current official starting rate: 8.85% p.a. (Range: 8.85% – 11.00% p.a.).
Axis Bank Car Loan EMI Calculator
Interactive calculation engine using official Axis Bank rates
Official Axis Bank Rate (8.85%)
₹8,00,000
₹1.00 L₹2.00 Cr
%
5.00%Published range: 8.85% - 11%20.00%
5 Years(60 mo)
1 Yr30 Yrs
Monthly EMI
₹16,549
For 5 years at 8.85% p.a. reducing balance
Principal Loan Amount₹8,00,000
Total Interest Payable₹1,92,903
Total Amount Payable₹9,92,903
Principal (80.6%)Interest (19.4%)
Calculated according to standard Indian banking methodology (Quarterly compounding for deposits, monthly reducing balance for loans).
Yearly Repayment Schedule
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹1,33,101 | ₹65,487 | ₹1,98,588 | ₹6,66,899 |
| Year 2 | ₹1,45,370 | ₹53,218 | ₹1,98,588 | ₹5,21,529 |
| Year 3 | ₹1,58,770 | ₹39,818 | ₹1,98,588 | ₹3,62,759 |
| Year 4 | ₹1,73,406 | ₹25,182 | ₹1,98,588 | ₹1,89,353 |
| Year 5 | ₹1,89,353 | ₹9,198 | ₹1,98,551 | ₹0 |
Rate Verification & Official Notice
Verified Official Published RateLast verified:
Rate Methodology →Headline / Starting Rate
8.85% p.a.
Effective Rate Range
8.85% – 11.00% p.a.
fixed RateBenchmark Index
RBI Repo Linked / Card Rate
Applicable Conditions & Eligibility Factors:
- Up to 100% on-road funding for select models
- Tenure up to 84 months
Source: Axis Bank Car Loan Schedule
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Up to 100% on-road funding for select models.
- 2Tenure up to 7 years.
Key Factors Influencing Your Rate
- •CIBIL score 750+
- •Car model & price
Worked Numerical Example: Axis Bank Car Loan EMI Calculator
Principal₹8,00,000
Rate Applied8.85% p.a.
Tenure5 Years
Monthly EMI₹16,549
For a ₹8,00,000 loan at 8.85% p.a. for 5 years (60 months), your monthly EMI is ₹16,549, with total interest of ₹1,92,903.
Frequently Asked Questions: Axis Bank Car Loan EMI Calculator
- Starting interest rate?
- 8.85% p.a.
- Max tenure?
- Up to 84 months.