BMW X3 [2014-2018] Car Loan EMI Calculator

₹ 99,557.
Here is how - BMW X3 [2014-2018] price starts from ₹ 59,99,973 in Mumbai. If you pay a down payment of ₹ 10,89,973 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 99,557.

The cheapest X3 [2014-2018] model is xDrive 20d Expedition which is priced at ₹ 59,99,973 in Mumbai. You will need to pay at least a ₹ 10,89,973 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 X3 [2014-2018].

Version	On-road price in Mumbai	Max Loan
xDrive 20d Expedition	₹ 59,99,973	₹ 49,10,000
xDrive-20d xLine	₹ 64,92,421	₹ 53,20,000
xDrive 30d M Sport [2015-2017]	₹ 76,40,913	₹ 64,68,549
xDrive 28i xLine	₹ 66,31,838	₹ 55,30,000
20d M Sport	₹ 64,98,456	₹ 54,00,000

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 X3 [2014-2018] xDrive 20d Expedition will be ₹ 93,517 but you will have to pay interest of ₹ 29,45,428 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 ₹ 1,88,017, but your interest payment will be only ₹ 18,58,612 over the 3 years period.

₹ 99,557
BMW X3 [2014-2018] price starts from ₹ 59,99,973 in Mumbai.

We have considered
Down-payement : ₹ 10,89,973
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy X3 [2014-2018] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 20,00,000

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 X3 [2014-2018] starts from ₹ 60.00 Lakh, you can get a loan with an annual income as low as ₹ 20 lakh.

Here are the most important things you should consider while getting a car loan for a new X3 [2014-2018]

• 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.