What is the interest rate for Husqvarna Svartpilen 250 Bike?

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Q : What is the interest rate for Husqvarna Svartpilen 250 Bike?

Husqvarna Svartpilen 250 EMI

Ex-showroom Price of Husqvarna Svartpilen 250 STD : ₹ 2,09,306
Loan Amount : ₹ 1,77,910
Down Payment : ₹ 31,396

Document Charges :
Processing Fee : ₹ 2,224
MonthsEMIChart
12₹ 16,063View Chart
24₹ 8,743View Chart
36₹ 6,329View Chart
48₹ 5,140View Chart
60₹ 4,442View Chart
72₹ 3,988View Chart
84₹ 3,674View Chart
A : The interest rate for Husqvarna Svartpilen 250 is Husqvarna Svartpilen 250 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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