What is the interest rate for BMW 6 Series Gran Coupe car?

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Q : What is the interest rate for BMW 6 Series Gran Coupe car?

BMW 6 Series Gran Coupe EMI

Ex-showroom Price of BMW 6 Series Gran Coupe : ₹ 1,12,00,000
Loan Amount : ₹ 95,20,000
Down Payment : ₹ 16,80,000

Document Charges : Rs.250
Processing Fee : ₹ 47,600
MonthsEMIChart
12₹ 8,27,080View Chart
24₹ 4,32,477View Chart
36₹ 3,01,310View Chart
48₹ 2,36,001View Chart
60₹ 1,97,034View Chart
72₹ 1,71,237View Chart
84₹ 1,52,963View Chart
A : The interest rate for BMW 6 Series Gran Coupe is BMW 6 Series Gran Coupe 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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