BMW 6 Series [2008-2011] Car Loan EMI Calculator

₹ 2,27,006.
Here is how - BMW 6 Series [2008-2011] price starts from ₹ 1,32,00,491 in Faridabad. If you pay a down payment of ₹ 20,04,935 for a 5-year loan available at 8% interest rate, your EMI amount will be ₹ 2,27,006.

The cheapest 6 Series [2008-2011] model is 650i Coupe which is priced at ₹ 1,32,00,491 in Faridabad. You will need to pay at least a ₹ 20,04,935 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 6 Series [2008-2011].

Version	On-road price in Faridabad	Max Loan
650i Coupe	₹ 1,32,00,491	₹ 1,11,95,556
650i Convertible	₹ 1,46,28,022	₹ 1,24,06,711
Coupe	₹ 1,89,58,597	₹ 1,60,80,889
Convertible	₹ 2,02,78,163	₹ 1,72,00,444

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 6 Series [2008-2011] 650i Coupe will be ₹ 2,05,746 but you will have to pay interest of ₹ 60,87,108 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 ₹ 4,13,655, but your interest payment will be only ₹ 36,96,024 over the 3 years period.

₹ 2,27,006
BMW 6 Series [2008-2011] price starts from ₹ 1,32,00,491 in Faridabad.

We have considered
Down-payement : ₹ 20,04,935
Tenure : 5 years
Interest Rate : 8%

You will need to fulfill the following 2 criteria to buy 6 Series [2008-2011] with a loan

• 1. Age should be above 21
• 2. Your annual income should be above ₹ 44,01,000

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 6 Series [2008-2011] starts from ₹ 1.32 Crore, you can get a loan with an annual income as low as ₹ 44.01 lakh.

Here are the most important things you should consider while getting a car loan for a new 6 Series [2008-2011]

• 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.