New Delhi, April 29 -- If you are planning to raise a loan - secured or personal - one of the first things that you must do is to find your credit score. This is a three-digit number that reflects your creditworthiness i.e., your ability to repay a loan that you took. Higher the credit score, better it is for a borrower. And lower the credit score, the more difficult it becomes for a borrower to raise a loan.

What if your credit score is exceptionally high - say 700 or higher? In such a scenario, you are likely to be in a very comfortable position to negotiate a good deal with a bank. The lender may agree to offer loan at a lower interest rate

I. Low interest rates on loans: Banks typically see you as low-risk. So you are more likely to...