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Having a High CIBIL Score Can Get You a Lower Rate of Interest

Having a High CIBIL Score Can Get You a Lower Rate of Interest

 

CIBIL score is an important factor that is taken into consideration by lenders at the time of offering you a loan. Having a higher CIBIL score not only makes you eligible to avail of a loan but also helps you in getting a lower rate of interest. A CIBIL score is a numerical representation of your ability to repay the credit. In the current rising interest rate scenario, if you maintain a high credit score, you will be eligible to get a lower rate of interest. Tune in as Sakshi Batra explains how.