The APR is the effective annualized flat rate charged to a borrower for an electric vehicle loan, it is an all inclusive cost covering cost of funds, credit cost, operating cost, Processing fee, Verification charges, maintenance charges, and other applicable fees.
The Annual Percentage Rate (APR) calculator enables customers to compute and compare annualized credit cost, which includes interest rate and charges applicable at the time of loan origination.
The APR excludes contingent charges like Penal charges, late payments fee etc.
The output values mentioned in APR calculator are based on the input provided in the respective field, as indicated in the calculator, AMU Leasing shall not be responsible for any output produced due to changes in the calculator or incorrect input feed.
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