BMW Z4 [2019-2023] Car Loan EMI Calculator

₹ 1,31,594.
Here is how - BMW Z4 [2019-2023] price starts from ₹ 81,41,007 in Mumbai. If you pay a down payment of ₹ 16,51,007 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 1,31,594.

The cheapest Z4 [2019-2023] model is sDrive 20i [2019-2019] which is priced at ₹ 81,41,007 in Mumbai. You will need to pay at least a ₹ 16,51,007 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 Z4 [2019-2023].

Version	On-road price in Mumbai	Max Loan
sDrive 20i [2019-2019]	₹ 81,41,007	₹ 64,90,000
M 40i [2019-2019]	₹ 98,85,495	₹ 78,90,000
sDrive 20i [2019-2023]	₹ 85,61,577	₹ 71,90,000
M 40i [2019-2023]	₹ 1,01,24,408	₹ 84,90,000
sDrive 20i	₹ 85,51,511	₹ 71,90,000
M 40i	₹ 1,01,12,522	₹ 84,90,000

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 Z4 [2019-2023] sDrive 20i [2019-2019] will be ₹ 1,26,887 but you will have to pay interest of ₹ 41,68,508 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 ₹ 2,55,110, but your interest payment will be only ₹ 26,93,960 over the 3 years period.

₹ 1,31,594
BMW Z4 [2019-2023] price starts from ₹ 81,41,007 in Mumbai.

We have considered
Down-payement : ₹ 16,51,007
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Z4 [2019-2023] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 27,14,000

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 Z4 [2019-2023] starts from ₹ 81.41 Lakh, you can get a loan with an annual income as low as ₹ 27.14 lakh.

Here are the most important things you should consider while getting a car loan for a new Z4 [2019-2023]

• 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.