BMW 1 Series Car Loan EMI Calculator

₹ 45,926.
Here is how - BMW 1 Series price starts from ₹ 25,95,398 in Delhi. If you pay a down payment of ₹ 3,30,398 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 45,926.

The cheapest 1 Series model is 116i Hatchback which is priced at ₹ 25,95,398 in Delhi. You will need to pay at least a ₹ 3,30,398 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 1 Series.

Version	On-road price in Delhi	Max Loan
116i Hatchback	₹ 25,95,398	₹ 22,65,000
118d Hatchback	₹ 31,00,963	₹ 26,50,000
118d Sport Line [2013-2017]	₹ 35,84,711	₹ 30,30,000
118d Sport plus	₹ 37,87,728	₹ 32,50,000

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 1 Series 116i Hatchback will be ₹ 40,452 but you will have to pay interest of ₹ 11,32,968 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 ₹ 81,330, but your interest payment will be only ₹ 6,62,880 over the 3 years period.

₹ 45,926
BMW 1 Series price starts from ₹ 25,95,398 in Delhi.

We have considered
Down-payement : ₹ 3,30,398
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy 1 Series with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 8,66,000

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 1 Series starts from ₹ 25.95 Lakh, you can get a loan with an annual income as low as ₹ 8.66 lakh.

Here are the most important things you should consider while getting a car loan for a new 1 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.