Any tips on negotiating a lower interest rate?


I regularly apply for various loans right from a personal loan to working capital loan. The challenge I face all the time is with the interest rates. Although I go for a secured loan I always have a feeling that the interest rate is on a higher side.

This got me thinking about my credit score hence started carefully following and looking at the credit score. Now it has been around three that I am following credit score regularly which is only improving gradually since I have been maintaining the payment schedule very strictly.

This is making no difference to the interest rates. Looking forward to some tips for negotiating for a lower interest rates.


The best way to negotiate your interest rate is when you have a very good credit history and a very good track record of paying outstanding very soon.

The banker give money only to those who don’t need money.

On the contrary if you show them that you don’t need money and you are taking a loan out of financial prudence then there is higher chances of you getting your desired loan rate of interest.