BMW M8 Car Loan EMI Calculator
BMW M8 EMI starts at 4,52,164 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 41.06 Lakh. BMW M8 price starts at ₹ 2.64 Crore and goes up to ₹ 3.02 Crore. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.
Adjust M8 Car Loan Parameters
On-Road Price₹ 2,64,06,394
M8 Coupe EMI
₹4,52,164 for 5 Years
BMW M8 Coupe Car Loan EMI
|On-Road Price||₹ 2,64,06,394|
|Ex-Showroom Price||₹ 22300000|
|Max Loan Amount||₹ 22300000|
|Down Payment as per your Selectiont||₹ 41,06,394|
|Loan Amount||₹ 2,23,00,000|
|EMI Amount||₹ 4,52,164|
|Interest Component||₹ 48,29,840(17.8%)|
|Principal Component||₹ 2,23,00,000(82.2%)|
|Total Payable over 5 Years||₹ 2,71,29,840|
|Note: This doesn't include bank processing fee.|
BMW M8 Loan Repayment Schedule
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||₹ 37,78,524||₹ 16,47,444||₹ 1,85,21,476|
|24||₹ 40,92,142||₹ 13,33,826||₹ 1,44,29,334|
|36||₹ 44,31,788||₹ 9,94,180||₹ 99,97,546|
|48||₹ 47,99,624||₹ 6,26,344||₹ 51,97,922|
|60||₹ 51,97,922||₹ 2,27,977||₹ 0|
BMW M8 EMI
BMW M8 Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 41,06,394
|On-Road Price in Mumbai||Min Down Payment||EMI|
|50 Jahre M Edition|
Check Car Loan EMIs of BMW M8 Similar Cars
Explore more about BMW M8
M8 EMI FAQs
Here is how - BMW M8 price starts from ₹ 2,64,06,394 in Mumbai. If you pay a down payment of ₹ 41,06,394 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 4,52,164.
Note: Down payment is the amount you would pay upfront to buy your car. Bank give you a loan for the remaining amount.
|Version||On-road price in Mumbai||Max Loan|
|Coupe||₹ 2,64,06,394||₹ 2,23,00,000|
|50 Jahre M Edition||₹ 3,02,04,094||₹ 2,55,00,000|
As a thumb rule, you can get a maximun loan of up to 100% of the ex-showroom price.
- 1. If you select a higher tenure loan, let's say 7 years, your EMI for M8 Coupe will be ₹ 4,11,576 but you will have to pay interest of ₹ 1,22,72,384 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 ₹ 8,27,480, but your interest payment will be only ₹ 74,89,280 over the 3 years period.