Boost Your Credit Score: Unlock Easier Loans and Lower Interest Rates
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Moneycontrol•25-01-2026, 15:50
Boost Your Credit Score: Unlock Easier Loans and Lower Interest Rates
- •A good credit score (above 750) ensures quick loan approvals and lower interest rates.
- •Credit score reflects financial habits; timely EMI and credit card payments improve it.
- •Scores below 650 lead to loan rejections or higher interest rates due to perceived risk.
- •Improve your score by paying bills on time, using credit limits wisely, and avoiding frequent new loans.
- •Rahul's example shows how improving a score from 640 to 760 led to better loan terms.
Why It Matters: A strong credit score is crucial for easy loan access and favorable interest rates.
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