What is the interest rate for Aprilia SR 160 Bike?

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Q : What is the interest rate for Aprilia SR 160 Bike?

Aprilia SR 160 EMI

Ex-showroom Price of Aprilia SR160 : ₹ 1,17,494
Loan Amount : ₹ 99,870
Down Payment : ₹ 17,624

Document Charges :
Processing Fee : ₹ 1,248
MonthsEMIChart
12₹ 9,017View Chart
24₹ 4,908View Chart
36₹ 3,553View Chart
48₹ 2,885View Chart
60₹ 2,493View Chart
72₹ 2,239View Chart
84₹ 2,062View Chart
A : The interest rate for Aprilia SR 160 is Aprilia SR 160 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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