What is the interest rate for Yamaha FZ1 Bike?

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Q : What is the interest rate for Yamaha FZ1 Bike?

Yamaha FZ1 EMI

Ex-showroom Price of Yamaha FZ1 : ₹ 10,72,045
Loan Amount : ₹ 9,11,238
Down Payment : ₹ 1,60,807

Document Charges :
Processing Fee : ₹ 11,390
12₹ 82,272View Chart
24₹ 44,781View Chart
36₹ 32,414View Chart
48₹ 26,327View Chart
60₹ 22,751View Chart
72₹ 20,427View Chart
84₹ 18,818View Chart
A : The interest rate for Yamaha FZ1 is Yamaha FZ1 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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