What is the interest rate for Benelli Leoncino 500 Bike?

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Q : What is the interest rate for Benelli Leoncino 500 Bike?

Benelli Leoncino 500 EMI

Ex-showroom Price of Benelli Leoncino 500 STD : ₹ 4,79,000
Loan Amount : ₹ 4,07,150
Down Payment : ₹ 71,850

Document Charges :
Processing Fee : ₹ 5,089
MonthsEMIChart
12₹ 36,760View Chart
24₹ 20,008View Chart
36₹ 14,483View Chart
48₹ 11,763View Chart
60₹ 10,165View Chart
72₹ 9,127View Chart
84₹ 8,408View Chart
A : The interest rate for Benelli Leoncino 500 is Benelli Leoncino 500 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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