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Revision of Reference Rates for determining Interest Rates on loans given

    A high credit score signals reliability to lenders and can help you get lower personal loan interest rates.

      High existing debt can lead to higher interest, as lenders see more risk in lending to heavily indebted borrowers.

      Stable income and employment history make you eligible for personal loans with low interest rates, as lenders perceive lower risk.

      Different banks and NBFCs have varying interest rate structures, so comparing offers helps identify the personal loan minimum interest rate available to you.

      Larger loans or longer repayment tenures may attract slightly higher personal loan rates due to increased risk.