What is the interest rate for Suzuki Gixxer SF 250 Bike?

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Q : What is the interest rate for Suzuki Gixxer SF 250 Bike?

Suzuki Gixxer SF 250 EMI

Ex-showroom Price of Suzuki Gixxer SF 250 STD : ₹ 1,92,900
Loan Amount : ₹ 1,63,965
Down Payment : ₹ 28,935

Document Charges :
Processing Fee : ₹ 2,050
MonthsEMIChart
12₹ 14,804View Chart
24₹ 8,058View Chart
36₹ 5,833View Chart
48₹ 4,737View Chart
60₹ 4,094View Chart
72₹ 3,676View Chart
84₹ 3,386View Chart
A : The interest rate for Suzuki Gixxer SF 250 is Suzuki Gixxer SF 250 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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