Factors affecting the Interest rates
Credit score Typically, the higher the credit score, the buyer receives a lower interest rate. Credit score ranges from 300 - 850. This number helps show how Creditworthy an individual is. This score is based on the credit history. Lenders use this score to evaluate the credit risk, how likely is the individual capable to repay the debt on time. Everyone's financial situation is different and the lender's criteria for granting the credit also varies. You may get a lower inter