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Axis Bank Car Loan for ₹20 Lakh

EMI: ₹41,226/month at 8.7%. Min income: ₹74,957/month.

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Your Details
Income Details
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Loan Parameters
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Eligibility Results
Maximum Eligible Loan
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Monthly EMI
₹ 0
Total Interest
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Total Payment
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Monthly Income
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Existing EMIs
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New Loan EMI
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Remaining Income
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Axis Bank Car Loan for ₹20 Lakh - Key Details

Interest Rate
8.7% p.a.
Monthly EMI
₹41,226
Total Interest
₹4,73,560
Total Payment
₹24,73,560
Min Income Required
₹74,957/mo
Processing Fee
0.50% of loan amount

A ₹20 Lakh car loan from Axis Bank at 8.7% interest for 5 years will cost you ₹41,226 per month as EMI. You will pay a total interest of ₹4,73,560 over the loan tenure. The minimum monthly income needed is ₹74,957 (assuming no existing EMIs).

Frequently Asked Questions

What is Axis Bank car loan EMI for ₹20 Lakh?

Axis Bank Car Loan EMI for ₹20 Lakh at 8.7% for 5 years is ₹41,226 per month.

What income do I need for ₹20 Lakh car loan from Axis Bank?

You need a minimum monthly income of ₹74,957 for a ₹20 Lakh car loan from Axis Bank (at 8.7% rate, assuming no existing EMIs).

What is the total interest on ₹20 Lakh car loan from Axis Bank?

The total interest payable on ₹20 Lakh car loan from Axis Bank at 8.7% for 5 years is ₹4,73,560.

What is Axis Bank's processing fee for ₹20 Lakh car loan?

Axis Bank charges a processing fee of 0.50% of loan amount for Car Loan.

Can I prepay my Axis Bank car loan?

Axis Bank Car Loan prepayment policy: 5% of outstanding principal.

₹20 Lakh Car Loan from Other Banks

SBIFrom 8.85 - 9.55%HDFC BankFrom 8.75 - 9.50%ICICI BankFrom 8.75 - 9.60%Kotak Mahindra BankFrom 8.70 - 12.00%Bank of BarodaFrom 8.65 - 10.90%PNBFrom 8.85 - 10.30%Canara BankFrom 8.75 - 10.50%Union BankFrom 8.70 - 10.70%Indian BankFrom 8.80 - 10.30%IDBI BankFrom 8.80 - 11.00%

Other Axis Bank Car Loan Amounts

₹3 LakhEMI ₹6,184/mo₹4 LakhEMI ₹8,245/mo₹5 LakhEMI ₹10,307/mo₹6 LakhEMI ₹12,368/mo₹7 LakhEMI ₹14,429/mo₹8 LakhEMI ₹16,490/mo₹9 LakhEMI ₹18,552/mo₹10 LakhEMI ₹20,613/mo