5 Tips to get a personal loan with lowest interest rate and processing fee
Published by Economic Times
Abhishek Kumar's role: Quoted
Abhishek Kumar, founder of SahajMoney, said a borrower's credit score largely shapes a personal loan's rate, amount and terms, and that borrowing from the bank holding one's salary account can help negotiate a lower rate.
More of Abhishek's views on debt and loans
The article offers five ways to lower the cost of a personal loan. It covers improving and maintaining a credit score, using a salary account relationship, comparing lenders and offers, telling flat from reducing interest rates with a worked ₹5 lakh example, and checking processing and foreclosure charges.
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5 Tips to get a personal loan with lowest interest rate and processing fee
