Personal Loan Interest Rates: Factors that Influence Your Rate
Feb 05, 2025
New Delhi [India], February 5: A significant consideration while getting a Personal Loan is the interest rate. It is the cost of borrowing funds from the lender. While you compare loan offers, you will come across appealing interest quotations. However, the actual Personal Loan interest rate you incur depends on several factors. Understanding them before you apply for the loan allows you to make informed decisions while comparing offers. In this blog, we explore the key factors that impact Personal Loan interest rates.