BMW 1 Series Car Loan EMI Calculator

₹ 47,182.
Here is how - BMW 1 Series price starts from ₹ 25,62,417 in Kolkata. If you pay a down payment of ₹ 2,35,481 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 47,182.

The cheapest 1 Series model is 116i Hatchback which is priced at ₹ 25,62,417 in Kolkata. You will need to pay at least a ₹ 2,35,481 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 Kolkata	Max Loan
116i Hatchback	₹ 25,62,417	₹ 23,26,936
118d Hatchback	₹ 29,95,910	₹ 27,22,464
118d Sport Line [2013-2017]	₹ 33,55,201	₹ 30,30,000
118d Sport plus	₹ 36,69,122	₹ 33,38,872

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 ₹ 39,938 but you will have to pay interest of ₹ 10,27,856 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 ₹ 80,297, but your interest payment will be only ₹ 5,63,756 over the 3 years period.

₹ 47,182
BMW 1 Series price starts from ₹ 25,62,417 in Kolkata.

We have considered
Down-payement : ₹ 2,35,481
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 ₹ 8,55,000

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 ₹ 25.62 Lakh, you can get a loan with an annual income as low as ₹ 8.55 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.