Loans Getting Costlier As Banks Raise Interest: Here's What You Can Do For Cheaper Credit
2 years, 5 months ago

Loans Getting Costlier As Banks Raise Interest: Here's What You Can Do For Cheaper Credit

News 18  

As banks are increasing their interest rates on loans, EMIs are getting higher and the stress on the household budget is increasing. Know in detail how it helps in getting a cheaper loan and how a good credit rating score can be maintained: CIBIL Score and Interest Rates On Loans CIBIL Score is a credit rating assigned to borrowers by company TransUnion CIBIL. Those having a CIBIL score of 750-799 will be offered 7.65 per cent interest rate. And, those having a CIBIL score between 550 and 649, the home loan will be the costiest at 8.05 per cent interest. The credit utilisation ratio should be limited to 30 per cent to have a good CIBIL score.

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5 Tips to Get the Best Deal on Your Personal Loan
5 days, 18 hours ago

5 Tips to Get the Best Deal on Your Personal Loan

Deccan Chronicle  

Selecting the best Personal Loan option with affordable rates, nominal charges, and favourable terms helps you rein in the borrowing costs and repay your EMIs with ease. Having a credit score of 750 and above increases your chances of getting quick Personal Loan approval at lower interest rates and better terms. Negotiate With the Lender Once you have checked the …

CIBIL: How to improve your credit score with a mortgage loan?
7 months, 4 weeks ago

CIBIL: How to improve your credit score with a mortgage loan?

Live Mint  

Taking a mortgage and managing it in a responsible way can improve your CIBIL score. Best Personal Loan for you at lowest interest rate Instant Apply This is how mortgage helps borrowers improve CIBIL score: Payment history: Making regular mortgage payments shows to credit bureaus that you are a responsible borrower. Overall, responsibly managing a mortgage can be a positive …

Step-by-Step Guide to Achieving Lower Rates on Your Personal Loan
1 year ago

Step-by-Step Guide to Achieving Lower Rates on Your Personal Loan

The Quint  

Personal finances can often feel like a difficult puzzle, especially when getting a personal loan at a competitive interest rate. Tip 1: Maintain a High CIBIL Score Keeping a high CIBIL score is very important if you want a personal loan with low interest rates. Tip 2: Compare Different financial institutions Don’t just go with your first option when looking …

The Impact of Your Credit Score on Your Home Loan Interest Rate
1 year, 6 months ago

The Impact of Your Credit Score on Your Home Loan Interest Rate

India TV News  

A borrower's credit score is crucial and yet many credit users go about life completely unaware of the concept of credit scores. Does a borrower's CIBIL score also impact the home loan interest rates they get offered? How Does Your Credit Score Impact Your Home Loan Interest Rates? Borrowers or credit users whose CIBIL score varies between 700 and 749 …

Interest Rate Hike On Loans By Banks: Know How CIBIL Score Can Help You Save Money
2 years, 6 months ago

Interest Rate Hike On Loans By Banks: Know How CIBIL Score Can Help You Save Money

News 18  

As the Reserve Bank of India is raising its policy rates to control high inflation, banks are also following the suit and increasing interest rates on various loans. Here’s how a good CIBIL score can get you a cheaper loan and how to maintain a good score: CIBIL Score and Loan Approvals Banks approve loans or issue credit cards to …

CIBIL Score: Faster Loan Approval, Cheaper Loans; Know How Good Rating Is Beneficial
2 years, 7 months ago

CIBIL Score: Faster Loan Approval, Cheaper Loans; Know How Good Rating Is Beneficial

News 18  

At the time of seeking loans from banks or any other financial institution, the borrower’s CIBIL score is looked into. Banks approve loans or issue credit cards to only those having a good CIBIL score. Here’s why a good CIBIL score is important and what’s the benefit of a good CIBIL score: Cheaper Loans: Banks offer interest rates on loans …

High CIBIL score helps to get home loan at discounted rate. Paying credit card bills on time save money via future loans
3 years, 2 months ago

High CIBIL score helps to get home loan at discounted rate. Paying credit card bills on time save money via future loans

Live Mint  

In the wake of the festive season, HDFC is offering a discounted rate of interest at 6.7 percent per annum on home loans. For those with a relatively lower credit score, the interest rate will be charged in the range of 6.8 percent to 7.3 percent per annum for loans under ₹30 lakh. Your credit card spend affects CIBIL score …

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