What is the interest rate for TVS XL Super Bike?

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Q : What is the interest rate for TVS XL Super Bike?

TVS XL Super EMI

Ex-showroom Price of TVS XL Super : ₹ 26,857
Loan Amount : ₹ 22,828
Down Payment : ₹ 4,029

Document Charges :
Processing Fee : ₹ 285
MonthsEMIChart
12₹ 2,061View Chart
24₹ 1,122View Chart
36₹ 812View Chart
48₹ 660View Chart
60₹ 570View Chart
72₹ 512View Chart
84₹ 471View Chart
A : The interest rate for TVS XL Super is TVS XL Super 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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