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How to get best possible interest rate on a personal loan – IndianMoney
by indian money Financial advisors,Health insuranceIf
you want to get a personal loan for low interest rate then you must read this IndianMoney review. Here we will check how
you can avail good interest rate on your loan.
Tips from IndianMoney for getting the best possible interest rate on
a personal loan:
According
to Indian Money Company Bangalore, personal loans are sanctioned based on the repayment capacity
and the credit score of the borrower. Given below are a few points that you
must follow to avail best possible interest rates on personal loan:
Pay your credit card bills
and loan installments on time: Practice a healthy
credit regime to maintain a healthy credit score, get a lower interest rate on
your personal loan and have no complaint about
loan you get. This includes paying EMIs on time, restricting the number of
credit cards, reducing the limit usage on credit cards, resort
to taking secured credit wherever possible and regularly checking your credit
report to ensure timely course corrections.
Avoid applying for multiple
loans at one time: As per IndianMoney.com
reviews, sometimes customers apply for a loan with multiple banks to
improve their chances of getting a loan on time. However, applying for multiple
personal loan applications increases the probability of the loan being rejected
as each query gets captured in your credit report and
multiple queries can adversely impact your CIBIL score.
Maintain job stability: Indian Money review shows
that lenders require that the customer has at least two years of work
experience in a particular job. So, avoid switching jobs very often, if you
want to get better rates of interest on your personal loan. https://indianmoney.com/articles/why-you-need-to-check-your-credit-report
Make sure you have a good
credit score: credit score is
an important factor in determining the rates of interest on personal loans. As
per IndianMoney.com
Bangalore, you need to maintain a good credit score.
Higher the credit score better
are your chances of getting a lower interest rate on your personal loan.
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About indian money 
Financial advisors,Health insurance
37 connections, 2 recommendations, 222 honor points.Joined APSense since, August 16th, 2018, From Bangalore, India.
Created on Dec 26th 2018 03:36. Viewed 684 times.
