Interest rates on personal loans vary widely. They can range from 10 per cent to 24 per cent. Comparison of loan rates is important while selecting the lender. Before opting for a personal loan, consider going for secured loans also.
The interest rates on secured loans tend to be lower than on personal loans. Check your credit score before applying. A score of 750 or above is considered to be good in India and will enable you to get a loan at a lower rate. If your score is low, you may have to try your luck with lenders who offer these loans at higher ...
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