Less than 8% a year, a whole year 1%-5%. According to car home's inquiry, if the loan time of BMW is less than one year, the penalty is about 8% of the prepayment amount; If the loan time exceeds one year, the penalty is 65438+ 0%-5% of the repayment amount. The following is an introduction about BMW: BMW is called Bavarian Engine Factory Co., Ltd. in Chinese, a German luxury car brand.