BMW M8 Car Loan EMI Calculator
BMW M8 EMI starts at 4,94,744 per month calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 45.05 Lakh. BMW M8 price starts at ₹ 2.89 Crore. CarTrade Car Loan EMI calculator helps you with detailed breakup of EMI and other charges.
Variant
Coupe
City
Mumbai
Adjust M8 Car Loan Parameters
On-Road Price
₹ 2,89,04,815₹ 4,94,744 for 5 Years
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 | ₹ 41,34,343 | ₹ 18,02,585 | ₹ 2,02,65,657 |
24 | ₹ 44,77,493 | ₹ 14,59,435 | ₹ 1,57,88,164 |
36 | ₹ 48,49,123 | ₹ 10,87,805 | ₹ 1,09,39,041 |
48 | ₹ 52,51,598 | ₹ 6,85,330 | ₹ 56,87,443 |
60 | ₹ 56,87,443 | ₹ 2,49,449 | ₹ 0 |
BMW M8 EMI
BMW M8 Car Loan EMI calculated for - Interest rate: 8%, Tenure - 5 years, Down-payment : ₹ 45,04,815
On-Road Price in Mumbai | Min Down Payment | EMI |
---|---|---|
Coupe ₹ 2,89,04,815 | ₹45,04,815 | ₹4,94,744 |
Check Car Loan EMIs of BMW M8 Similar Cars
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Explore more about BMW M8
M8 EMI FAQs
Here is how - BMW M8 price starts from ₹ 2,89,04,815 in Mumbai. If you pay a down payment of ₹ 45,04,815 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 4,94,744.
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 | ₹ 2,89,04,815 | ₹ 2,44,00,000 |
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 ₹ 4,50,517 but you will have to pay interest of ₹ 1,34,43,428 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 ₹ 9,05,772, but your interest payment will be only ₹ 82,07,792 over the 3 years period.