BMW 3 Series [2010-2012] Car Loan EMI Calculator

₹ 61,710.
Here is how - BMW 3 Series [2010-2012] price starts from ₹ 30,43,464 in Bangalore. If you pay a down payment of ₹ 0 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 61,710.

Here is a model wise list of max loan amount for 3 Series [2010-2012].

Version	On-road price in Bangalore	Max Loan
330i	₹ 43,92,065	₹ 34,85,867

As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.

Good Practice will be to chose the shortest possible tenure for which you can afford an EMI amount.

• 1. If you select a higher tenure loan, let's say 7 years, your EMI for 3 Series [2010-2012] 320i will be ₹ 47,436 but you will have to pay interest of ₹ 9,41,160 over the period of 7 years.
• 2. If you select a lower tenure loan, let's say 3 years, your EMI amount will be higher at ₹ 95,371, but your interest payment will be only ₹ 3,89,892 over the 3 years period.

₹ 61,710
BMW 3 Series [2010-2012] price starts from ₹ 30,43,464 in Bangalore.

We have considered
Down-payement : ₹ 0
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy 3 Series [2010-2012] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 10,15,000

As a general rule, banks or other lenders offer you a car loan 3 to 4 times your annual income. Considering the on-road price of 3 Series [2010-2012] starts from ₹ 30.43 Lakh, you can get a loan with an annual income as low as ₹ 10.15 lakh.

Here are the most important things you should consider while getting a car loan for a new 3 Series [2010-2012]

• 1. Interest rate - Go for the loan with the lowest interest rate.
• 2. Additional Charges - processing fee, prepayment charges, late payment penalty are some of the important points you need to check before taking a loan.
• 3. Tenue and Max Loan Amount - Select a lender who gives you a loan that you can afford.
  -If Max loan amount is lower, you will have to shell out more money upfront to buy the car.
  -If Tenue is lower, your per month instalment amount will increase.
• 4. Eligibility - Banks may have stricter eligibility requirements compared to NBFCs or other financial institutions.