Does credit score affect the lowest interest rate on a Second-Hand Car Loan?

Does credit score affect the lowest interest rate on a Second-Hand Car Loan? - TVS Credit

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Megha P
22 January, 2025

Yes, your CIBIL score plays a significant role in getting the lowest interest rate on a Second-Hand Car Loan. Lenders offer better rates to borrowers with good credit scores (750 and above) as it indicates responsible financial behavior.

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