1. Tips to secure a personal loan at low-interest rate www.indialends.com

2. Low-interest personal loans are the best way to tackle your urgent financial needs. From financing your personal needs such as medical emergencies, your child's higher education, meeting wedding expenses or anything else. What you need to do before applying for an unsecured loan online is to cross-check and compare the various offers from multiple lenders and then file a loan application. Check here the best six ways which will help you to obtain the loan at a lower interest rate.

3. Meet the eligibility criteria of the lender The eligibility is one of the most important factors which helps you to get a personal loan at a low rate of interest. If you meet the required eligibility criteria, chances of your loan approval will become higher. So, before you apply for an unsecured loan, you need to check the eligibility of your chosen bank first with which you are applying for a loan. Here are the basic eligibility criteria to get an online loan: • Age: Your age should be between 18 to 60 years. • Employment Type: You should be a Salaried employee with a stable job for at least a year. • Salary Slips: You should have the latest three month's salary slips. • Bank Statement: You should have six months’ salary account bank statement. • Credit Score: You should have a good credit score. www.indialends.com

4. 2. You should have a good credit score Your credit score plays an important role when you apply for an unsecured loan. Your credit rating will be used by the lender to gauge your creditworthiness. Basically, a credit score is a three-digit number that ranges between 300 and 900 and any score above 750 is considered a good credit score by banks in India. A credit score of 750 and above will more likely increase your loan approval chances and will also help you to get a personal loan at a low-interest rate. You can maintain such a score by keeping your credit utilization ratio within the 30 per cent limit, reviewing your credit reports regularly and by maintaining a mix of both secured and unsecured loans. 3. Maintain a good repayment history Repayment history is crucial for getting a personal loan at a lower rate. To maintain a good repayment history, try to pay your outstanding credit card bills and loan EMIs on time. If your repayment history is good, you have a better chance to negotiate for the interest rate with the lender. www.indialends.com

5. Interest rates on personal loans are usually higher unlike other loans such as home loans and car loans which are secured in nature. The personal loan being unsecured, every borrower looks for a low rate while applying for the loan online. It helps them to save money in the long run. To get the best deal on your loan, you need to do in-depth research. You can easily get a low rate on your loan by comparing different loan offers from various lenders online, checking your eligibility and credit score before finally submitting your loan application to the lender. Calculate your EMI using personal loan EMI Calculator- https://indialends.com/personal-loan-emi-calculator www.indialends.com

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