Hurry up: 3 year personal loan interest rates below 11%
Special offers for borrowers with a credit score of 720 or above
People who used trusted marketplaces to select a lender between July 14 and July 20
A year ago, the fixed rate for 3- year loans was 11.45%. Which you could get 7 days ago in 11.16% and now you can get 10.40%,
A year ago, the fixed rate for 5- year loans was 13.11%. Which you could get 7 days ago in 13.65% and now you can get 13.75%,
The 3-year personal loan rates have come down by 0.76%, while the 5-year loan rates have seen an increase of 0.13%.
For a good loan, it is also important to have a good credit score.
the higher the credit score, the lower can be the loan interest rate. Having a high credit score leads to a lower interest rate.
1. Pay bills on time
2. Check your credit report
3. Lower your credit utilization ratio
4. Avoid opening new credit accounts.
How to Increase credit score
For personal loan you can go to bank or you can also check by visiting sites like credible