New Delhi, April 25 -- Although lenders provide personal loans with varying interest rates, some loans carry exceptionally high interest rates. Nonetheless, managing high interest on personal loans isn't insurmountable. By prioritising strategies to reduce your interest burden, you'll naturally discover methods to minimise the interest you pay on your loan.

Here are several essential tactics to steer clear of elevated interest rates on personal loans:

This stands as the paramount factor. A high credit score (preferably above 750) reflects responsible credit handling and positions you as a low-risk borrower, resulting in favourable interest rates from lenders. It's important to regularly review your credit report for inaccuracies and add...