CRGB personal loan interest rate can depend on your CIBIL score and credit history. Typically, the rate of interest starts from 11% and may go up to 13% depending on your repayment history. I took a loan from CRGB a few years ago, and my rate of interest was 12%. I can share the current interest rates as per the credit score and other criteria.
What is the Rate of Interest for CRGB Personal Loan?
Your credit history will determine the exact interest rate. However, I am sharing different rates of interest as per the CIBIL score below.
CIBILScore | Interest Rate (Salary with CRGB) | Interest Rate (Salary with Other Banks) |
800 and above | 11% | 12% |
750-799 | 11.5% | 12.5% |
700-749 | 12% | 13% |
650-699 | 13.5% | 14.5% |
600-649 | 18% | 18% |
NTC/No CIBIL | 12.5% | 13.5% |
Factors Affecting Personal Loan of CRGB Interest Rates
Now that you’re aware of the interest rates roughly, you should know some factors beyond the CIBIL score that influence these rates of interest.
Income stability: Banks and lenders assess your employment history and current status of employment thoroughly before lending loans. So, things like your employment type, the length of your service, and income stability are important when determining your interest rate.
Debt-to Income ratio: This ratio will compare your monthly debt payments to your gross monthly income. Lower DTI ratios show a more responsible approach to handling loans, so banks may offer competitive interest rates to borrowers with low DTI.
Credit Score: Your CIBIL score highlights your repayment history and overall financial discipline. A higher score will give you low and favorable interest rates, while a low credit score may give a negative impression.
These are a few things that affect your overall interest rate for personal loans. I hope this helps.
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Authors Of The Question
What is CRGB Personal Loan Interest Rate?
Ashlesha
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1 Answers
7 days
2025-01-30T11:33:56+00:00 2025-01-30T11:33:57+00:00Comment
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