BMW X4 Car Loan EMI Calculator

₹ 1,45,787.
Here is how - BMW X4 price starts from ₹ 85,51,511 in Mumbai. If you pay a down payment of ₹ 13,61,511 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 1,45,787.

The cheapest X4 model is xDrive30i M Sport X Black Shadow Edition which is priced at ₹ 85,51,511 in Mumbai. You will need to pay at least a ₹ 13,61,511 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 X4.

Version	On-road price in Mumbai	Max Loan
xDrive30i M Sport X Black Shadow Edition	₹ 85,51,511	₹ 71,90,000
xDrive30d M Sport X Black Shadow Edition	₹ 89,38,499	₹ 73,90,000
xDrive30i M Sport X Silver Shadow Edition [2022-2023]	₹ 85,51,511	₹ 71,90,000
xDrive30d M Sport X Silver Shadow Edition [2022-2023]	₹ 89,38,499	₹ 73,90,000
xDrive 30i 50 Jahre M Edition [2022-2023]	₹ 86,69,627	₹ 72,90,000
xDrive 30d 50 Jahre M Edition [2022-2023]	₹ 90,58,655	₹ 74,90,000
xDrive 30i 50 Jahre M Edition	₹ 86,69,627	₹ 72,90,000
xDrive 30d 50 Jahre M Edition	₹ 90,58,655	₹ 74,90,000

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 X4 xDrive30i M Sport X Black Shadow Edition will be ₹ 1,33,286 but you will have to pay interest of ₹ 40,06,024 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 ₹ 2,67,973, but your interest payment will be only ₹ 24,57,028 over the 3 years period.

₹ 1,45,787
BMW X4 price starts from ₹ 85,51,511 in Mumbai.

We have considered
Down-payement : ₹ 13,61,511
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy X4 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 28,51,000

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 X4 starts from ₹ 85.52 Lakh, you can get a loan with an annual income as low as ₹ 28.51 lakh.

Here are the most important things you should consider while getting a car loan for a new X4

• 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.