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Banks to offer better interest rates on loans to customers with high credit score

Thursday, October 10, 2019, 2:32 PM

Maintaining a good-credit-score is crucial for obtaining bank-loans and those failing to maintain optimum score are likely to be turned down. It will now become even more crucial for individuals to maintain good-credit-score. Some banks, which have already linked RBI's external benchmark regime, look to utilise third-party credit score to offer different interest-rates on retail loans to potential buyers, reported The Economic Times.