IMPLICATION OF CREDIT SCORE

Q & A Forum › Category: Home Loans & Credit › IMPLICATION OF CREDIT SCORE
ANPEND58 asked 8 years ago
Sir. Various articles / blog write about virtue of high Cr score. They point out one can negotiate better interest rates from banks/ fin institutes. My score is 866. How do I go about getting better rates. Anand
1 Answers
Sreekanth Staff answered 8 years ago
Dear Anand, When you are applying for any loan (Home loan/Education loan/Personal loan) from a bank/NBFC, you can negotiate for better lending rates from them, citing your decent credit score. If you have a good banking relationship with them, they can offer you slightly better loan rate(s) than the prevailing ones. Related articles :
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