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    Axis Bank Car Loan EMI Calculator

    Axis Bank provides excellent banking services to the people of the country. The bank's products meets the needs and requirements of every individual who needs their service. You can count on the bank to provide a prompt and precise service in areas such as deposits, credit and debit cards, loans, gold, etc. If you are looking for a home loan or a car loan, you can now approach the bank to purchase any one of their reliable products. If you plan on purchasing a new car but you do not have the money needed for the purchase, Axis Bank has the right car loan product for you.

    The bank also has a reliable EMI Calculator that you can use to help determine the amount that you need to set aside every month to repay a car loan. Planning your monthly expenses will ensure that you do not default on any payments that need to be made. You will also get to know your loan affordability for a specific amount.

    How to use BankBazaar’s Axis Bank Car Loan EMI Calculator to understand your car loan repayment

    BankBazaar has an excellent user-friendly tool that can be used to determine a person’s EMI which they have to pay to repay a car loan taken from Axis Bank. If you plan on applying for a loan with Axis Bank, you can use the Car Loan EMI Calculator to determine the amount that needs to be repaid towards a car loan. You will have to provide a couple of details about your car loan such as loan amount, interest rate, processing fees, etc. The EMI Calculator is so advanced that you can even calculate the EMIs that you need to repay by considering any prepayments that you wish to make. Moreover, it gives an amortisation table with a well-designed graph that explains each element of your repayment schedule extensively.

    Calculate your Car Loan EMI

    Axis Bank Car Loan EMI Calculator – How does it work?

    The Axis Bank Car Loan EMI Calculator is available on the official website of BankBazaar and it makes the life of a borrower very simple and easy. The EMI Calculator gives a clear image of how a borrower’s repayment procedure and cycle will run. The steps for using this online tool are self-explanatory.

    • First, you will have to select the amount that you wish to procure as a car loan by dragging the cursor on your screen.
    • Next, you will have to select the loan tenure which is available against the ‘Tenure’ tab. You will need to repay your full loan within this time period.
    • Enter the interest rate that is levied on a car loan offered by Axis Bank.
    • After you have provided these details, you will have to key in the processing fee details. The processing fee that is levied on a car loan is different for various banks. You will have to visit the official website of Axis Bank or visit the BankBazaar portal to find out the interest rates.
    • Prepayments can be made towards a car loan. If you want to make a prepayment, you will have to select 'Yes’ among the options. You will then have to enter your prepayment details such as frequency of repayment, prepayment fee, and your prepayment amount.
    • You can select the ‘No’ option if you do not chose to make a prepayment. Click ‘Calculate’ once this is done. This will give you your final car loan EMI amount. You will get a clear picture of the EMI amounts that you will have to pay every month along with an amortization table and a graph. You can then organize your payments that you will have to make to ensure your daily life is not affected.

    Example: We will now compute the EMIs for multiple loan periods on car loans by utilising the BankBazaar Axis Bank Car Loan EMI Calculator. The interest rate for car loans offered by Axis Bank varies between 11% and 12%. In the following table, we can assume that the interest rate provided by Axis Bank is 11% with a processing fee of 2% which cannot be refunded.

    Loan amount (Rs.) Processing Fee (Rs.) Interest rate (Mean) EMI for 2 years (Rs.) EMI for 3 years (Rs.) EMI for 4 years (Rs.) EMI for 5 years (Rs.) EMI for 6 years (Rs.) EMI for 7 years (Rs.)
    10 Lakh 2% 11% 46,608 32,739 25,846 21,742 19,034 17,122
    15 Lakh 2% 11% 69,912 49,108 38,768 32,614 28,551 25,684
    20 Lakh 2% 11% 93,216 65,477 51,691 43,485 38,068 34,245
    25 Lakh 2% 11% 1,16,520 81,847 64,614 54,356 47,585 42,806
    30 Lakh 2% 11% 1,39,824 98,216 77,537 65,227 57,102 51,367
    35 Lakh 2% 11% 1,63,127 1,14,586 90,459 76,098 66,619 59,929
    40 Lakh 2% 11% 1,86,431 1,30,955 1,03,382 86,970 76,136 68,490

    Axis Bank Car Loan EMI Calculator – Features and Benefits

    There are a number of benefits that comes with the Axis Bank Car Loan EMI Calculator. You have to only enter your loan details and the rest will be handled by the EMI calculator.

    • You do not have to manually calculate your EMI. You can rely on this calculator to do the most complex calculations without any error. It reduces the time spent on calculating your EMI and also minimises errors.
    • A trustworthy customer care centre team is available to address any doubts or queries that a customer might have when using the BankBazaar Car Loan EMI Calculator.
    • This tool can be used a number of times without paying any subscription fees.
    • It also provides a colourful graph in a bar diagram format to help you understand your repayment schedule for each month accurately.
    • The calculator can be used a number of times online and at your own convenience.
    • The calculator gives us accurate results in a well-defined way.

    Axis Bank Car Loan EMI Calculator FAQs

    1. Do I have to enter the loan tenure in months or years in the EMI Calculator?

      You can provide the tenure in either years or months. But if you do provide the exact tenure in both years and months, the calculator will be able to provide a more accurate result.

    2. Can I use the BankBazaar EMI calculator at any point of time?

      Yes, it is an online calculator and is up and running 24/7. You can utilise it at any point of time.

    3. Do I need to hire any financial consultant to use the BankBazaar EMI calculator?

      No, you do not need any financial consultant for support. You can use this calculator on your own. You only to keep your loan details such as tenure, interest rate and processing fee before you sit down to use the calculator.

    4. Where can I use the car loan EMI calculator on the website of BankBazaar?

      You will have to go the main menu of BankBazaar and then click on the ‘Finance Tools’ segment. Here, you will need to choose EMI Calculator and then enter your car loan values.

    5. How is the amortisation table provided in the BankBazaar EMI calculator helpful?

      It will explain each element of your car loan and hence, you can view your loan principal amount, outstanding amount for each month, interest rate for your loan, amount paid till a certain date, outstanding total loan amount, etc.

    6. Do I have to pay any fee to use the BankBazaar EMI calculator?

      No, it is free of cost. You only need to open the site and start the computation process.

    7. Can I use the EMI calculator on the BankBazaar app?

      Yes, you can utilise the EMI calculator on the BankBazaar app which is available on Android as well as iOS.

    Car Loan Reviews

    • Axis Bank Car Loan
      "Hassle free car loan"
      0.5 4.0/5 "Great!"
      They have nice app to check the outstanding balance and this is a user friendly app. They have sanctioned the loan on time and the documentation process was very simple actually the dealer has taken care of everything. The processing fee was very nominal and the interest rates very competitive.
      Was this review helpful? 0
      , bangalore
      Reviewed on Jan 21, 2019
    • Axis Bank Car Loan
      "Its Good"
      0.5 4.0/5 "Great!"
      I have closed AXIS car loan, the paper work was smooth at the time. I paid the all the emi and closed it. Finally I got the NOC letter from the bank. They responded well at the time of taking loan however I approached the bank through the dealer. Interest was almost same as other bank for my first car it was Hyundai I10.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jan 19, 2019
    • Axis Bank Car Loan
      "Satisfactory"
      0.5 4.0/5 "Great!"
      For my Mahindra verito car, AXIS bank sanctioned the loan which I was required for the purchased and they gave me the flexible emi as per my preference. I got the NOC letter from the bank for the car loan. I have taken two car loans from the same bank.
      Was this review helpful? 0
      , secunderabad
      Reviewed on Jan 19, 2019
    • Axis Bank Car Loan
      "Good Car Loan"
      0.5 4.0/5 "Great!"
      Purchased my car loan 4 years back. I have chosen the Axis bank because the rate of interest was less when i compared with others. I have taken a loan amount of Rs. 3.50 lakhs and the tenure period for the loan is 5 years. I have been paying the EMI of Rs. 8000. I have got the loan as per they have promised time.
      Was this review helpful? 4
      , bangalore
      Reviewed on Jan 07, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My personal loan experience was good with AXIS bank, the process was smooth and i received my loan amount on time. Customer service was good and they responded on time. Rate of interest was nominal and tenure period for this loan is for 3 years.
      Was this review helpful? 3
      , new delhi
      Reviewed on Jan 03, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My car loan experience was good with AXIS bank, the loan amount was based on my requirement and the rate of interest was nominal when compared to other banks. Customer service was good and they responded on time. Tenure period for this loan is 5 years.
      Was this review helpful? 1
      , new delhi
      Reviewed on Jan 02, 2019
    • Axis Bank Car Loan
      "Good service"
      0.5 3.5/5 "Pretty good"
      The experience with this car loan has been quite good where the process took less time. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal. There has not been any additional charges and the processing fee has been nominal as well.
      Was this review helpful? 3
      , mumbai
      Reviewed on Dec 29, 2018
    • Axis Bank Car Loan
      "Not satisfied with the service"
      0.5 1.0/5 "Really Bad"
      The process in getting this loan almost took more than 15 days and i am not happy with their service and the whole process itself has been having a lot of hassle. The interest rate with them has been pretty high when compared with the market rate. It would have been good if they had provided a much better service.
      Was this review helpful? 1
      , new delhi
      Reviewed on Dec 22, 2018
    • Axis Bank Car Loan
      "Good in Need"
      0.5 5.0/5 "Blown Away!"
      I was looking for a Car loan and i went applying with Axis Bank. As i hold a salary account with Axis , it was easy for me to apply. There was no delay and my application was processed instant. When it comes to the interest rates , its reasonable. I am thankful to the services of Axis Bank.
      Was this review helpful? 5
      , hyderabad
      Reviewed on Dec 20, 2018
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with Axis bank, they have given me sufficient loan amount and there rate of interest they have charged me ,it is nominal and there processing fee they have charged me nominal only, and there service is good, they have given me loan amount on time, there is no hidden charges .
      Was this review helpful? 1
      , hyderabad
      Reviewed on Dec 17, 2018
    • Axis Bank Car Loan
      "GOOD"
      0.5 5.0/5 "Blown Away!"
      I have taken the car loan with the AXIS BANK where the rate of interest is nominal also the loan amount is good added on that i am using it from past one year. The customer service is helpful by getting the car loan with this bank. I am satisfied with the services of this bank.
      Was this review helpful? 1
      , kolkata
      Reviewed on Dec 11, 2018
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      The Car loan experience with them has been really quick and the process has been simple as i was having my salary account with them. The loan amount was sufficient and the interest rate with them has been nominal as well. There has not been any sort of additional charges which they had made so far.
      Was this review helpful? 6
      , chennai
      Reviewed on Dec 10, 2018
    • Axis Bank Car Loan
      "Its excellent service"
      0.5 5.0/5 "Blown Away!"
      Axis bank gave me the best interest rate, My showroom dealer linked with many banks but I approached Axis bank directly because my company got tie up with Axis , Kotak. Therefore Axis bank gave me best corporate interest on the car loan product.
      Was this review helpful? 2
      , bangalore
      Reviewed on Dec 05, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      My experience with AXIS bank for car loan was good, the rate of interest was nominal when compared to other banks. Customer service was good and they followed up on time. The loan amount was sufficient and tenure period for this loan is 5 years.
      Was this review helpful? 1
      , lucknow
      Reviewed on Dec 01, 2018
    • Axis Bank Car Loan
      "Need to reduce ROI"
      0.5 5.0/5 "Blown Away!"
      My experience was good with AXIS bank for car loan, the loan amount was based on my requirement and the rate of interest of 14% was high when compared to others. Customer service was good with AXIS bank and the tenure period for this loan is 2 years.
      Was this review helpful? 6
      , bangalore
      Reviewed on Nov 30, 2018
    • Axis Bank Car Loan
      "Excellent Service"
      0.5 5.0/5 "Blown Away!"
      I had been taken this loan almost four to five months and the services which they had been providing so far had been good. The loan amount whcih they had provided has been sufficient and the interest rate with them has been nominal. There has not been any hidden charges made by them so far.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 20, 2018
    • Axis Bank Car Loan
      "Very Good Service"
      0.5 4.0/5 "Great!"
      It was a good experience i had with the services of them. The loan amount which they had provided has been sufficient and the interest rate with them has been nominal. There has also not been any preclosure charges with them and any other charges as well.
      Was this review helpful? 0
      , chennai
      Reviewed on Nov 18, 2018
    • Axis Bank Car Loan
      "Best Service"
      0.5 5.0/5 "Blown Away!"
      My experience was good with AXIS bank for car loan, the loan amount was based on my requirement and the rate of interest was nominal when compared to others. Customer service was good with AXIS bank and the tenure period for this loan is 5 years.
      Was this review helpful? 3
      , bangalore
      Reviewed on Nov 16, 2018
    • Axis Bank Car Loan
      "Excellent service"
      0.5 5.0/5 "Blown Away!"
      I have been holding my car loan with Axis bank, i have taken celerio car they have given me sufficient loan amount and there rate of interest they have charged me 12% it is nominal for me and there processing fee they have charged me nominal only.
      Was this review helpful? 1
      , faridabad
      Reviewed on Nov 14, 2018
    • Axis Bank Car Loan
      "Good service"
      0.5 4.0/5 "Great!"
      I have been using my car loan with Axis bank , the call amount they have given me sufficient and i have take my Nissan Renault car from this loan and there rate of interest they have charge me was nominal and the processing fee which they have given me is nominal, and the tenure period they have given me is up to 3 years.
      Was this review helpful? 1
      , secunderabad
      Reviewed on Nov 14, 2018
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