The interest rate on a personal loan is usually higher than on a home or an auto loan
Maintain a good credit score by repaying all your debt obligations regularly and on time. A score of 750 plus will help you get a better rate on a personal loan
Don't just approach your own bank. Go loan shopping by comparing interest rates. Also look out for seasonal offers
Check interest calculation method. Always go for a loan with a reducing interest rate calculation, instead of the costlier, flat-rate type
If you work with a reputable company, the lender may offer you a favourable deal, as your income is likely to be more