BMW XM Car Loan EMI Calculator

₹ 5,27,186.
Here is how - BMW XM price starts from ₹ 3,28,35,462 in Bangalore. If you pay a down payment of ₹ 68,35,462 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 5,27,186.

The cheapest XM model is Plug-in Hybrid which is priced at ₹ 3,28,35,462 in Bangalore. You will need to pay at least a ₹ 68,35,462 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 XM.

Version	On-road price in Bangalore	Max Loan
Plug-in Hybrid	₹ 3,28,35,462	₹ 2,60,00,000

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 XM Plug-in Hybrid will be ₹ 5,11,781 but you will have to pay interest of ₹ 1,69,89,604 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 ₹ 10,28,944, but your interest payment will be only ₹ 1,10,41,984 over the 3 years period.

₹ 5,27,186
BMW XM price starts from ₹ 3,28,35,462 in Bangalore.

We have considered
Down-payement : ₹ 68,35,462
Tenure : 5 years
Interest Rate : 8%

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

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 1,09,46,000

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 XM starts from ₹ 3.28 Crore, you can get a loan with an annual income as low as ₹ 1.09 crore.

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

• 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.