What is the interest rate for Datsun GO Plus car?

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Q : What is the interest rate for Datsun GO Plus car?

Datsun GO Plus EMI

Ex-showroom Price of Datsun GO Plus : ₹ 3,79,000
Loan Amount : ₹ 3,22,150
Down Payment : ₹ 56,850

Document Charges : Rs.250
Processing Fee : ₹ 1,611
MonthsEMIChart
12₹ 27,988View Chart
24₹ 14,635View Chart
36₹ 10,196View Chart
48₹ 7,986View Chart
60₹ 6,667View Chart
72₹ 5,795View Chart
84₹ 5,176View Chart
A : The interest rate for Datsun GO Plus is Datsun GO Plus 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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