5 Easy Tips To Get A Low Interest Rate On A Personal Loan
Start by understanding the qualifying parameters for the loan.
1. Read the Lender’s Eligibility Criteria
Check your CIBIL Score to see where you stand.
A good score = better loan terms.
2. Track Your Credit Score
Explore lenders on factors like amounts, processing time, rates, and fees.
3. Compare Different Lenders
Pro Tip: Keep your latest payslips and bank statements handy!
Lenders prefer applicants with stable jobs and good income.
4. Get Your Employment Documents in Order
5. Disclose All Revenue Sources
Inform your lender about your salary, investments, and rental income.
Follow these simple tips to get a Personal Loan on good terms.