What is the interest rate for Audi A8 car?

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Q : What is the interest rate for Audi A8 car?

Audi A8 EMI

Ex-showroom Price of Audi A8 : ₹ 72,47,000
Loan Amount : ₹ 61,59,950
Down Payment : ₹ 10,87,050

Document Charges : Rs.250
Processing Fee : ₹ 30,800
12₹ 5,35,165View Chart
24₹ 2,79,836View Chart
36₹ 1,94,964View Chart
48₹ 1,52,706View Chart
60₹ 1,27,492View Chart
72₹ 1,10,799View Chart
84₹ 98,975View Chart
A : The interest rate for Audi A8 is Audi A8 Interest Rate

The term Interest Rate means the amount charged, expressed as a percentage of principal, by a lender to a borrower for the use of assets. Interest rates are typically noted on an annual basis, known as the annual percentage rate (APR). The assets borrowed could include, cash, consumer goods, large assets, such as a vehicle or building. Interest is essentially a rental, or leasing charge to the borrower, for the asset's use. In the case of a large asset, like a vehicle or building, the interest rate is sometimes known as the "lease rate". When the borrower is a low-risk party, they will usually be charged a low interest rate; if the borrower is considered high risk, the interest rate that they are charged will be higher. Interest is charged by lenders as compensation for the loss of the asset's use. In the case of lending money, the lender could have invested the funds instead of lending them out. With lending a large asset, the lender may have been able to generate income from the asset should they have decided to use it themselves.

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