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This is because banks charge a different rate of interest
depending on a whole host of factors. The interest rate can broadly
vary between 14-24%. We take you through three such individual
details that can affect the rate of interest charged by the
So next time you go around shopping for a personal loan,
remember that these three points will affect the amount that the
bank sanctions and the interest rate that it is levied. In the next
article we will cover more points that affect interest rates on
personal loan. So stay tuned!
We, at CreditVidya, believe in empowering you. Because we believe that knowledge is not only power but also gives you a sense of belonging. We believe in supporting the consumers by not being their crutch but as catalysts and enablers.
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