The Biggest Best Personal Loan Blunders ASKCRED.COM
Jan 13, 2021
The following are some of thebiggest mistakes that you canmake you applying for an axisbank best personal loan, SBIbank best personal loan, etc.:
Askcred.com
Skipping HomeworkIf you want the best personal loan
available, then you have to work forit- there is no way around it.
First and foremost, you musteducate yourself on the various typesof best personal loans that you can
apply for .
Not Checking CIBIL ReportThe only way you stand a good
chance of having your loanapplication approved is when your
CIBIL score is high. In fact, it’sextremely challenging to get a bestpersonal loan for a low CIBIL score.
Settling for the Interest Rate Offered
Different banks offer differentpersonal rates to their customers.
For instance, as of today, axis bankbest personal loan is offering a rateof 15.50%-24%, SBI personal loan of
12.55%-17.65%, HDFC Bank of11.49%-20%, etc.
You have the right to negotiate with your lender regarding the interest rate offered
In fact, if your credit rating is good,then you can easily get a better rate
than the one initially offered.Unfortunately, many people don’t
know about this and simply agree towhatever rate is offered by their
banks.
Prepayment Fine
A prepayment fine is a penaltythat you have to pay if you
decide to repay a loan soonerthan the actual date of the final
payment.
askcred.com