BMW Z4 Car Loan EMI Calculator

₹ 1,81,068.
Here is how - BMW Z4 price starts from ₹ 1,06,32,233 in Mumbai. If you pay a down payment of ₹ 17,02,233 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 1,81,068.

The cheapest Z4 model is M 40i which is priced at ₹ 1,06,32,233 in Mumbai. You will need to pay at least a ₹ 17,02,233 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 Z4.

Version	On-road price in Mumbai	Max Loan
M 40i	₹ 1,06,32,233	₹ 89,30,000

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 Z4 M 40i will be ₹ 1,65,716 but you will have to pay interest of ₹ 49,90,144 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 ₹ 3,33,176, but your interest payment will be only ₹ 30,64,336 over the 3 years period.

₹ 1,81,068
BMW Z4 price starts from ₹ 1,06,32,233 in Mumbai.

We have considered
Down-payement : ₹ 17,02,233
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy Z4 with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 35,45,000

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 Z4 starts from ₹ 1.06 Crore, you can get a loan with an annual income as low as ₹ 35.45 lakh.

Here are the most important things you should consider while getting a car loan for a new Z4

• 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.