Interest Component | ₹26,50,980 (17.8%) |
Principal Component | ₹1,22,40,000 (82.2%) |
Total Payable over 5 Years | ₹ 1,48,90,980 |
Versions 730Ld Eminence |
City Mumbai |
On-Road Price | ₹1,47,18,866 |
Ex-Showroom Price | ₹1,22,40,000 |
Max Loan Amount | ₹1,22,40,000 |
Down Payment as per your Selection |
₹24,78,866 |
Loan Amount | ₹1,22,40,000 |
EMI Amount | ₹2,48,183 |
Interest Component | ₹26,50,980 (17.8%) |
Principal Component | ₹1,22,40,000 (82.2%) |
Total Payable over 5 Years | ₹ 1,48,90,980 |
This table helps you understand, how much loan payment will be pending at the end of the each year of the loan. This way, you can arrive at the amount you will need if you decide to pre-pay your loan.
Months | Principal Paid | Interest Paid | Balance Loan |
12 | ₹20,73,947 | ₹9,04,250 | ₹1,01,66,053 |
24 | ₹22,46,083 | ₹7,32,113 | ₹79,19,970 |
36 | ₹24,32,507 | ₹5,45,690 | ₹54,87,463 |
48 | ₹26,34,404 | ₹3,43,793 | ₹28,53,058 |
60 | ₹28,53,058 | ₹1,25,138 | ₹0 |
BMW 7 Series Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹24.79 Lakh
On-Road Price in Mumbai | Down Payment | EMI |
730Ld DPE Signature ₹1,71,32,053 |
₹29,42,053* | ₹2,87,722 |
740 Li M Sport ₹1,71,52,250 |
₹27,02,250* | ₹2,92,994 |
740 Li M Sport Edition Individual ₹1,79,79,063 |
₹28,29,063* | ₹3,07,187 |
745Le xDrive ₹2,08,55,366 |
₹32,65,366* | ₹3,56,662 |
M760Li xDrive ₹2,78,76,088 |
₹32,76,088* | ₹4,98,799 |
₹2,48,183.
Here is how - BMW 7 Series price starts from ₹1,47,18,866 in Mumbai. If you pay a down payment of ₹24,78,866 for a 5-year loan available at an 8% interest rate, your EMI amount will be ₹2,48,183.
The cheapest 7 Series model is 730Ld Eminence which is priced at ₹2,48,183 in Delhi.
You will need to pay at least a ₹21,76,866 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 7 Series.
Version | On-road price Mumbai | Max Loan |
730Ld Eminence | 14718866 | 12240000 |
730Ld DPE | 14789581 | 12290000 |
730Ld M Sport Plus | 15584687 | 12890000 |
730Ld M Sport | 16227803 | 13510000 |
740Li DPE Signature | 16522398 | 13950000 |
730Ld DPE Signature | 17132053 | 14190000 |
740 Li M Sport | 17152250 | 14450000 |
740 Li M Sport Edition | 17813701 | 15010000 |
740 Li M Sport Edition Individual | 17979063 | 15150000 |
730Ld DPE (CBU) | 17975269 | 15160000 |
750Li DPE (CBU) | 19537626 | 16650000 |
750Li M Sport (CBU) | 20240163 | 17320000 |
745Le xDrive | 20855366 | 17590000 |
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 7 Series will be ₹1,90,775 but you will have to pay interest of ₹37,85,100 over the period of 7 years.
2. If you select a lower tenure loan, let's say 3 years, amount will be higher at ₹5,51,207, but your interest payment will be only ₹22,53,452 over the period of 3 years period.
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