Car Loan EMI Calculator

You can use the car loan EMI Calculator by entering the loan amount, interest rate, and tenure to get an estimate of your monthly EMI

Additionally, refer to the amortisation schedule for a detailed breakdown of interest and principal repayment each year.

For more information or to apply, click the “Get a call back” button and provide your details.

Use Axis Bank’s Car Loan EMI calculator to know the indicative EMI for the chosen interest rate and tenure.

To streamline your EMI payments, consider the following options:

• Standing Instructions (SI): If you have an Axis Bank account, your EMI can be automatically debited.
• National Automated Clearing House (NACH)/ECS Mandate: Suitable for non-Axis Bank account holders, ensuring automatic EMI debits at the end of each month.
• Post-Dated Cheques (PDCs): An option for those without an Axis Bank account or in non-ECS locations. However, SI and NACH/ECS methods are preferred for their speed and accuracy.

Opting for SI or NACH/ECS mode is preferable as it is faster and less prone to errors than PDCs.

Consistently missing EMI payments increases the risk of default, potentially leading to the seizure of your car, which serves as collateral. Therefore, always ensure timely repayment of your Car Loan EMIs.

Yet, in case of insufficient balance or any other reason you skip your EMI, the bank will caution you and may charge a late payment penalty. As a result of skipping the EMI, the tenure of the loan would increase (assuming EMIs remaining the same).

Note that persistent skipping inflicts the risk of default, and in such a case, your car hypothecated to the bank as collateral for the Car Loan, may get seized. Hence, always make it a point to repay the Car Loan EMI on time.

Part-prepayments of Car Loan is possible but subject to part payment charges.

Partial prepayment of the Car Loan is possible but may incur charges. Similarly, you can foreclose the loan by paying the remaining balance in full, subject to foreclosure fees.

Apply for an Axis Bank New Car Loan to turn your dream of owning a car into reality.

You can apply in three ways:

• Visit an Axis Bank Loan Centre in person.
• Call the Axis Bank call center.
• Applying online, which is the most convenient option as it can be done from anywhere and at any time.

All you got to do is enter your name, e-mail id, mobile number, state, city, captcha code, and accept the disclaimer policy before you click on the ‘Submit’ button. Soon you will receive a call from one of the Axis Bank representatives, who will explain the details about your car loan.

Live your dream drive in your dream car today!

The benefits of availing of a car loan from Axis Bank are:

• Flexibility of amount and tenure: You can get an Axis bank Car loan for amounts starting from Rs. 1 lakh for a period up to 7 years.
• Axis Bank customers with pre-approved loans, don’t need to deposit income documents and bank statements.
• Special Benefits for priority banking, Privy Banking and Wealth Banking customers.