Axis Bank

Axis Bank Car Loan

Interest from

9.30%

p.a. reducing

Loan amount

₹1 L – ₹1 Cr

secured

12–84 moTenure

—Processing fee

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Calculate your EMI

Move the sliders to see monthly EMI, total interest, and total cost of this loan.

Loan amount₹8,00,000

Tenure5 years

Interest rate9.30%

Your actual rate depends on your credit profile, income, and employer category.

Monthly EMI

₹16,723

Total interest

₹2,03,404

Total payment

₹10,03,404

Total cost of this loan

✨ interest + processing fee

₹2,03,404

Interest Rate9.30% – 12.50%Floating

Max Amount₹1 Crfrom ₹1 L

Tenure1 yr – 7 yrs

✓ Best for

New-car buyers wanting 85%+ on-road funding with 7-year tenure — Axis quoted rates start 9.30% on prime profiles.

⚠ Not ideal for

EV buyers seeking sub-9% rates — SBI Green Car Loan and Kotak EV scheme price tighter.

Key highlights

Existing-customer discounts
85% used-car financing
Zero-down-payment offers on select models

Total cost of this loan

For a ₹8 L loan over 5 yrs at 9.30% — your best-case scenario.

Monthly EMI: ₹16,723
Total interest: ₹2,03,404
Total cost: ₹2,03,404

You repay ₹10,03,404 for ₹8,00,000 borrowed.

Customize amount, tenure & rate in the EMI calculator above ↑

Rate and prepayment

This is a floating-rate loan. No prepayment penalty — you can foreclose or pre-pay any amount at any time, free of charge (RBI mandate for floating-rate individual loans).

Compare Axis Bank with other car loan lenders

Data verified — last updated April 2026

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About Axis Bank

Type: Bank
Established: 1993
Headquarters: Mumbai
Rating:4.0/5

Third-largest private bank. Home loans from 8.35%, personal 9.99–22%, new-car from 9.30%, education 7.45% (secured starting) – 13%, business 11.40% secured / 12.90% unsecured.

Visit Axis Bank website