Want low-interest loan this festive season? Need a credit score over 750

In fact, you should monitor your credit score regularly because if it is low, it will take time to improve it

If you are planning to take a loan this festive season, or even a credit card, check your credit score. Home loan rates may have plummeted as low as 6.4 per cent this season. But those rates are not available to everyone. Only those who have a credit score of 750-plus or even 800-plus can avail of them.

Whether it is buying a house, sending your child abroad for higher education, or meeting an emergency need, you may have to take a loan at critical points in your financial life. If your credit score is low, the bigger banks will