A good credit score can give you more negotiating power for credit cards and loans. If you’re seeking for lower interest rates for your loan, you could discuss this with your bank. With a history of responsible debt settlement, the more likely banks would heed to your requests. If you have a low credit score, companies might not budge on your terms.
Keep in mind that the way you handle your credit and loans affect your financial journey. Do all that you can to ensure that you manage it well. You will never know when you will need it, but it’s good to be prepared and ready anytime with a good credit score.
At CIMB Bank, maintaining a good credit score is rewarded. You can get up to 30% interest rebates on your CIMB Personal Loan just by paying your dues consistently and on time. Through the Loan Loyalty program, you can enjoy interest rebates from 10% on the first year up to 30% on the 5th year, credited every 3 installment payments. If you’re a CIMB deposit account holder, all you need to do is to apply and get approved for a Personal Loan on or before June 30, 2021. Seize your life’s goals!