The rewards of being a good borrower
A good credit history pays off with lower interest charges.
by Naveen Kumar
Nov 29, 2019
2 minutes
Good credit habits can lead to big savings. From October 1 this year, all floating-rate retail loans from banks including home and auto loans have been linked to external benchmarks. This new system has a provision under which the interest rate a borrower pays is also influenced by their credit profile. As a result, many banks have
You’re reading a preview, subscribe to read more.
Start your free 30 days