Generally, lower loan-to-value ratios may attract more competitive rates. Loan amount: The amount you borrow can impact the interest rate.
A higher credit score often results in a more favorable rate, as it reflects your creditworthiness. Here are some key considerations:Ĭredit score: Your credit score plays a crucial role in determining the rate of interest on home loan.
The interest rates on home loans are influenced by a variety of factors in addition to the base rate.
