BMW X5 M Car Loan EMI Calculator

₹ 4,21,546.
Here is how - BMW X5 M price starts from ₹ 2,46,26,765 in Mumbai. If you pay a down payment of ₹ 38,36,765 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 4,21,546.

The cheapest X5 M model is Competition [2020-2023] which is priced at ₹ 2,46,26,765 in Mumbai. You will need to pay at least a ₹ 38,36,765 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 X5 M.

Version	On-road price in Mumbai	Max Loan
Competition [2020-2023]	₹ 2,46,26,765	₹ 2,07,90,000
Competition	₹ 2,46,40,819	₹ 2,07,90,000

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 X5 M Competition [2020-2023] will be ₹ 3,83,838 but you will have to pay interest of ₹ 1,14,52,392 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 ₹ 7,71,713, but your interest payment will be only ₹ 69,91,668 over the 3 years period.

₹ 4,21,546
BMW X5 M price starts from ₹ 2,46,26,765 in Mumbai.

We have considered
Down-payement : ₹ 38,36,765
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy X5 M with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 82,09,000

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 X5 M starts from ₹ 2.46 Crore, you can get a loan with an annual income as low as ₹ 82.09 lakh.

Here are the most important things you should consider while getting a car loan for a new X5 M

• 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.