Unlock Cheaper Personal Loans: Smart Strategies to Save Money

• Maintain a credit score of 750+ by paying bills on time and keeping credit utilization below 30% to secure lower interest rates.
• Compare loan offers from various banks, NBFCs, and digital lenders on platforms like Moneycontrol to find the best interest rates and minimal fees.
• Opt for a shorter loan tenure to significantly reduce the total interest paid, despite slightly higher EMIs.
• Leverage special offers, pre-approved loans, and corporate tie-ups for discounted rates and benefits.
• Consider secured loans against FDs or other assets for lower interest rates and flexible repayment options.

Why It Matters: By optimizing credit score, comparing offers, and choosing wisely, one can secure a cheaper personal loan.