BMW 8 Series Car Loan EMI Calculator

₹ 2,68,662.
Here is how - BMW 8 Series price starts from ₹ 1,59,75,405 in Mumbai. If you pay a down payment of ₹ 27,25,405 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 2,68,662.

The cheapest 8 Series model is 840i Gran Coupe which is priced at ₹ 1,59,75,405 in Mumbai. You will need to pay at least a ₹ 27,25,405 down payment to buy this model.

Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.

Here is a model wise list of max loan amount for 8 Series.

Version	On-road price in Mumbai	Max Loan
840i Gran Coupe	₹ 1,59,75,405	₹ 1,32,50,000
840i M Sport Edition	₹ 1,86,49,239	₹ 1,58,00,000
840i M Sport	₹ 1,92,17,164	₹ 1,62,00,000

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 8 Series 840i Gran Coupe will be ₹ 2,48,996 but you will have to pay interest of ₹ 76,65,664 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 ₹ 5,00,611, but your interest payment will be only ₹ 47,71,996 over the 3 years period.

₹ 2,68,662
BMW 8 Series price starts from ₹ 1,59,75,405 in Mumbai.

We have considered
Down-payement : ₹ 27,25,405
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy 8 Series with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 53,26,000

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 8 Series starts from ₹ 1.60 Crore, you can get a loan with an annual income as low as ₹ 53.26 lakh.

Here are the most important things you should consider while getting a car loan for a new 8 Series

• 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.