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Bank of India to Offer Cheaper Loans to Customers with High CIBIL Score
May 10, 2018
People with a high CIBIL score now have a particular reason to rejoice. Public sector Bank of India (BoI) said that customers with CIBIL score of 760 or above can avail home loans at the minimum interest rate or the MCLR rate from it. However, those who have a CIBIL score of 759 or less will get home loans at MCLR+0.10% for loans of Rs. 30 lakhs and above.
BoI said that customers with good credit discipline should be rewarded as it encourages to maintain a clean financial history.
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