What is the interest rate for Suzuki Intruder Bike?

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Q : What is the interest rate for Suzuki Intruder Bike?

Suzuki Intruder EMI

Ex-showroom Price of Suzuki Intruder M800 : ₹ 10,05,000
Loan Amount : ₹ 8,54,250
Down Payment : ₹ 1,50,750

Document Charges :
Processing Fee : ₹ 10,678
MonthsEMIChart
12₹ 77,127View Chart
24₹ 41,980View Chart
36₹ 30,387View Chart
48₹ 24,681View Chart
60₹ 21,328View Chart
72₹ 19,150View Chart
84₹ 17,641View Chart
A : The interest rate for Suzuki Intruder is Suzuki Intruder 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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