BMW 3 Series LWB Car Loan EMI Calculator

₹ 1,22,774.
Here is how - BMW 3 Series LWB price starts from ₹ 72,56,192 in Mumbai. If you pay a down payment of ₹ 12,01,192 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 1,22,774.

The cheapest 3 Series LWB model is 50 Jahre Edition which is priced at ₹ 72,56,192 in Mumbai. You will need to pay at least a ₹ 12,01,192 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 3 Series LWB.

Version	On-road price in Mumbai	Max Loan
330Li M Sport	₹ 73,80,660	₹ 62,00,000
320Ld M Sport	₹ 76,87,374	₹ 63,50,000
320Ld M Sport Pro	₹ 74,45,437	₹ 61,48,649
50 Jahre Edition	₹ 72,56,192	₹ 60,55,000

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 3 Series LWB 50 Jahre Edition will be ₹ 1,13,097 but you will have to pay interest of ₹ 34,45,148 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 ₹ 2,27,383, but your interest payment will be only ₹ 21,30,788 over the 3 years period.

₹ 1,22,774
BMW 3 Series LWB price starts from ₹ 72,56,192 in Mumbai.

We have considered
Down-payement : ₹ 12,01,192
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy 3 Series LWB with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 24,19,000

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 3 Series LWB starts from ₹ 72.56 Lakh, you can get a loan with an annual income as low as ₹ 24.19 lakh.

Here are the most important things you should consider while getting a car loan for a new 3 Series LWB

• 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.