Want a personal loan at lower interest rate? Here are 7 key strategies to follow
6 months, 3 weeks ago

Want a personal loan at lower interest rate? Here are 7 key strategies to follow

Live Mint  

Demonstrating your dependability as a borrower is essential to obtaining a personal loan with low interest rates. Best Personal Loan for you at lowest interest rate Instant Apply Pay attention to your credit utilisation ratio, which represents the portion of your credit limit that you are using. Especially if your credit score isn't the best, using a co-signer can help you get a low-interest personal loan. Lenders consider a variety of factors when assessing your application, such as Credit score : To be eligible for a personal loan with a low interest rate, you must have a good credit score. : To be eligible for a personal loan with a low interest rate, you must have a good credit score.

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History of this topic

5 Tips to Get the Best Deal on Your Personal Loan
5 days, 12 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 …

How to pay off your personal loan faster? Here are 7 ways
1 week, 5 days ago

How to pay off your personal loan faster? Here are 7 ways

Live Mint  

Before getting a personal loan to fund your expenses, it is important to know how to repay it to avoid extra charges over the existing amount. Interest: By paying your personal loan fast, you save money charged in the form of interest rates on your loan every month. Ways to pay personal loan faster Repayment capacity: Repaying your personal loan …

Personal Loan: 6 factors that determine your interest rate
1 week, 5 days ago

Personal Loan: 6 factors that determine your interest rate

Live Mint  

When you apply for a personal loan, the banks consider different factors to determine the interest rate chargeable. Macro interest rate scenario Depending on the macro interest rate scenario in the economy, banks decide the interest rates chargeable on personal loans and other loans at a broader level. Your higher credit score can help you get a personal loan at …

Personal Loan Agreement: 7 key things you must know before signing
1 week, 6 days ago

Personal Loan Agreement: 7 key things you must know before signing

Live Mint  

A personal loan may become a source of support at your time of need. Understanding personal loans An unsecured loan, often referred to as a personal loan, is borrowed for a given amount for various purposes, including debt consolidation, medical expenses, home improvements, and financing holidays. Since it's an unsecured loan, you don't need collateral, though this usually leads to …

Personal loan: Where to apply for it? Here are 5 key options
2 weeks, 3 days ago

Personal loan: Where to apply for it? Here are 5 key options

Live Mint  

In case you fall short of money and urgently need it, one of the most feasible options is to raise a personal loan. One could raise a loan from a bank such as SBI, HDFC Bank, Kotak Mahindra or Bank of Baroda, among others. Alternatively, you could Here we list out key ways to raise a personal loan: 1.Bank: Raising …

Personal Loan Repayment: 8 tips to pay off your loan faster
2 weeks, 6 days ago

Personal Loan Repayment: 8 tips to pay off your loan faster

Live Mint  

A personal loan may be a good financial tool when used judiciously. Let's have a look at the strategies to enable you to reduce your total debt, and pay off your personal loan more speedily. Principal and interest rate are typically repaid in equal monthly instalments while paying back a personal loan. It is easier and more economic to pay …

How to choose the right personal loan? Here are 7 key ways
2 weeks, 6 days ago

How to choose the right personal loan? Here are 7 key ways

Live Mint  

A personal loan is one of the quickest ways to arrange funds for any reason. Compare the interest rate and other terms from various lenders Once you decide on the loan amount, compare the personal loan offers from various banks and NBFCs. There are many online platforms that can help you compare personal loan offers from banks on various parameters …

Personal loan: Before zeroing in on a lender, make note of 7 key points
Trending News
3 weeks ago

Personal loan: Before zeroing in on a lender, make note of 7 key points

Live Mint  

If you are all set to borrow a personal loan, then the first and foremost thing that you need to do is to zero in on a bank to borrow the money from. It is recommended that you choose the best personal loan provider after examining your financial needs, carrying out a thorough research, and comparing different lenders and their …

Personal loan: 10 key questions to ask yourself before opting for it
3 weeks, 3 days ago

Personal loan: 10 key questions to ask yourself before opting for it

Live Mint  

If you are suddenly short of funds and do not wish to borrow from friends then one of the options that you can avail is to raise a personal loan. However, before raising a personal loan, make sure that the interest rate is not exorbitant, time duration is optimum, and the lender is reliable, so on and so forth. Let …

Understand the role of interest rates in personal loans to make smart financial decisions
Trending News
4 weeks ago

Understand the role of interest rates in personal loans to make smart financial decisions

Live Mint  

Being one of the most important yet ignored segments of banking costs, interest rates are directly proportional to the personal loans you are willing to pay towards the borrowed money. Factors affecting interest rates on personal loans Several factors might influence the interest rate on a personal loan, including: Borrower's credit score: The higher your credit score, you most likely …

Applying for a personal loan? Essential dos and don’ts to keep in mind
1 month ago

Applying for a personal loan? Essential dos and don’ts to keep in mind

India TV News  

Personal loans are popular forms of credit, but they come with higher interest rates and stricter eligibility criteria. Dos and Don’ts While Applying for a Personal Loan Dos: Take appropriate steps for secured loans Do thorough research: Before applying for a personal loan, compare lenders, interest rates, terms, and associated fees. Don’t ignore your credit score: A poor credit score …

Understanding Personal Loan Interest Rates: Key Factors to Consider
1 month, 3 weeks ago

Understanding Personal Loan Interest Rates: Key Factors to Consider

Live Mint  

Personal loan interest rates in India are influenced by various factors, including credit score, income, and repayment history. A high credit score and stable income are generally associated with lower interest rates, while a history of timely repayments and low default rates can lead to more favourable terms. Other factors such as loan purpose, employment stability, and the lender's risk …

Personal Loans: 3 smart reasons to consider borrowing for your next big expense
3 months, 1 week ago

Personal Loans: 3 smart reasons to consider borrowing for your next big expense

Live Mint  

Whenever you fall short of money or stare at a sudden shortfall, all you typically think of is to raise a personal loan. These, and many more, are some of the key reasons for which it is not uncommon to raise a personal loan. Best Personal Loan for you at lowest interest rate Instant Apply Here we present three key …

Personal loan: How to negotiate lower interest rate? Here are a few tips
6 months, 3 weeks ago

Personal loan: How to negotiate lower interest rate? Here are a few tips

Live Mint  

For a personal loan, you can bargain for a lower interest rate. Negotiating for low interest rates Over the loan tenure, you may be able to save money by negotiating a lower interest rate on a personal loan. While internet lenders may charge higher interest rates to people with lower credit scores, banks may offer lower rates to their long-term …

What are factors which determine low interest rates for personal loans
10 months, 1 week ago

What are factors which determine low interest rates for personal loans

India TV News  

In today's day and age, personal loans have become a pivotal resource in an individual's financial toolkit, catering to various needs. However, securing a personal loan at favourable interest rates requires an understanding of several crucial factors and processes. Debt-to-Income Ratio The debt-to-income ratio, obtained by dividing total loan payments by total income, influences the interest rates offered on personal …

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 …

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