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Need personal loan? Maintain high credit score to get better interest rate

Those having a score of above 750 are offered better rates on personal loans

Bindisha Sarang 

The interest rate on a personal loan is usually higher than on a home or an auto loan Maintain a good credit score by repaying all your debt obligations regularly and on time. A score of 750 plus will help you get a better rate on a personal loan Don't just approach your own bank.

Go loan shopping by comparing interest rates. Also look out for seasonal offers Check interest calculation method. Always go for a loan with a reducing interest rate calculation, instead of the costlier, flat-rate type If you work with a reputable company, the lender may offer ...

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First Published: Thu, November 28 2019. 23:13 IST
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