BMW 5 Series [2021-2024] Car Loan EMI Calculator

₹ 1,32,608.
Here is how - BMW 5 Series [2021-2024] price starts from ₹ 77,83,755 in Mumbai. If you pay a down payment of ₹ 12,43,755 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 1,32,608.

The cheapest 5 Series [2021-2024] model is 530i M Sport [2021-2023] which is priced at ₹ 77,83,755 in Mumbai. You will need to pay at least a ₹ 12,43,755 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 5 Series [2021-2024].

Version	On-road price in Mumbai	Max Loan
530i M Sport [2021-2023]	₹ 77,83,755	₹ 65,40,000
520d Luxury Line	₹ 80,52,739	₹ 65,90,000
530d M Sport	₹ 90,95,948	₹ 74,50,000
Carbon Edition	₹ 78,90,060	₹ 66,30,000
50 Jahre M Edition	₹ 80,31,799	₹ 67,50,000
520d M Sport [2023]	₹ 83,37,718	₹ 68,90,000
530i M Sport	₹ 78,36,219	₹ 65,40,000
520d M Sport	₹ 83,94,400	₹ 68,90,000

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 5 Series [2021-2024] 530i M Sport [2021-2023] will be ₹ 1,21,319 but you will have to pay interest of ₹ 36,50,796 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 ₹ 2,43,915, but your interest payment will be only ₹ 22,40,940 over the 3 years period.

₹ 1,32,608
BMW 5 Series [2021-2024] price starts from ₹ 77,83,755 in Mumbai.

We have considered
Down-payement : ₹ 12,43,755
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy 5 Series [2021-2024] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 25,95,000

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 5 Series [2021-2024] starts from ₹ 77.84 Lakh, you can get a loan with an annual income as low as ₹ 25.95 lakh.

Here are the most important things you should consider while getting a car loan for a new 5 Series [2021-2024]

• 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.