What is the interest rate for Suzuki Access 125 Bike?

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Q : What is the interest rate for Suzuki Access 125 Bike?

Suzuki Access 125 EMI

Ex-showroom Price of Suzuki Access 125 Drum : ₹ 79,899
Loan Amount : ₹ 67,914
Down Payment : ₹ 11,985

Document Charges :
Processing Fee : ₹ 849
MonthsEMIChart
12₹ 6,132View Chart
24₹ 3,337View Chart
36₹ 2,416View Chart
48₹ 1,962View Chart
60₹ 1,696View Chart
72₹ 1,522View Chart
84₹ 1,403View Chart
A : The interest rate for Suzuki Access 125 is Suzuki Access 125 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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