How is the interest rate on a Two-Wheeler Loan Calculated?

The interest rate on a two-wheeler loan is typically calculated based on the following factors:

• Loan Amount: The principal amount borrowed can influence the interest rate.
• Loan Tenure: The duration of the loan repayment period may affect the rate.
• Credit Score: A higher credit score often results in a lower interest rate.
• Financial Institution's Policies: Different institutions have varying interest rate structures based on their internal policies and market conditions.

For precise details on how the interest rate is calculated, reviewing the specific terms provided by the financial institution or discussing with a representative is recommended.