BMW M2 EMI Calculator
BMW M2 EMI starts at Rs 1,86,376 per month for a tenure of 60 months @ 9.8 for a loan amount of Rs 88.12 Lakh. The EMI Calculator tool on CarDekho gives a detailed break-up of the total payable amount and helps you in finding best car finance for your M2.
BMW M2 Down Payment and EMI
BMW M2 Variants | Loan @ rate% | Down payment | EMI Amount(60 months) |
---|---|---|---|
BMW M2 Competition | 9.8 | Rs.9.79 Lakh | Rs.1,86,376 |
Calculate your Loan EMI for M2
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Frequently Asked Questions On M2 Emi
What will be the lowest down payment for BMW M2?
The lenders generally finance 90% of the On-Road Price of the BMW M2. Some customers might be eligible for 100% funding, too. Down payment is the difference between the On-Road Price of the BMW M2 and the amount funded by the lender.
What will be the monthly EMI for the BMW M2?
EMIs or Equated Monthly Installments refer to the monthly payments you make to the lender to repay your loan. These payments include the principal amount as well as the interest i.e. EMI = Principal Amount + Interest on Principal amount. Mathematically, EMI for the BMW M2 can be calculated using the following formula:
{P x R x (1+R)^N / [(1+R)^N-1]}
where, P = Principal amount of the loan, R = Rate of interest and N = Number of monthly installments.
For Example:- If the principal amount for a car loan is Rs. 88.12 Lakh- on an annual rate of interest of 9.8% for a tenure of 5 years then EMI will be Rs 1,86,376. The rate of interest (R) on your loan is calculated monthly i.e. (R= Annual rate of interest/12/100). For instance, if R = 9.8% per annum, then R= 9.8/12 = 0.81%/month .
What will be the interest rate for the BMW M2?
Interest rate for the BMW M2 primarily depends on the principal amount and tenure of the loan amount. Interest rate of lenders generally varies from 8.75% per annum to 11.50% per annum. If a customer holds an account with the financier then he may have a pre-approved new car loan offer available for him which can be verified by logging into his account. Customers can also negotiate with the financier for a better rate of interest against their loan amount.
What will be the EMI for 5 years tenure for the BMW M2?
EMI for the BMW M2 for 5 years tenure can be calculated as per the following formula:-
{P x R x (1+R)^N / [(1+R)^N-1]}
Where, P = Principal amount of the loan, R = Rate of interest, N = Number of monthly installments which will be per month in case of 5 years tenure.
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