Unlock Cheaper Personal Loans: Smart Strategies to Save Money
Business
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Moneycontrol•02-02-2026, 14:15
Unlock Cheaper Personal Loans: Smart Strategies to Save Money
- •Maintain a credit score of 750+ by paying bills on time and keeping credit utilization below 30% to secure lower interest rates.
- •Compare loan offers from various banks, NBFCs, and digital lenders on platforms like Moneycontrol to find the best interest rates and minimal fees.
- •Opt for a shorter loan tenure to significantly reduce the total interest paid, despite slightly higher EMIs.
- •Leverage special offers, pre-approved loans, and corporate tie-ups for discounted rates and benefits.
- •Consider secured loans against FDs or other assets for lower interest rates and flexible repayment options.
Why It Matters: By optimizing credit score, comparing offers, and choosing wisely, one can secure a cheaper personal loan.
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