What is the interest rate for Aprilia RSV4 Bike?

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Q : What is the interest rate for Aprilia RSV4 Bike?

Aprilia RSV4 EMI

Ex-showroom Price of Aprilia RSV4 RR APRC : ₹ 20,99,000
Loan Amount : ₹ 17,84,150
Down Payment : ₹ 3,14,850

Document Charges :
Processing Fee : ₹ 22,302
MonthsEMIChart
12₹ 1,61,083View Chart
24₹ 87,678View Chart
36₹ 63,465View Chart
48₹ 51,547View Chart
60₹ 44,544View Chart
72₹ 39,995View Chart
84₹ 36,845View Chart
A : The interest rate for Aprilia RSV4 is Aprilia RSV4 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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