# Interest rates become the most crucial factor when we are availing loans against property.
# It is critical to comprehend the various methods by which a borrower can reduce the loan against property interest rates.
Why Interest rates become so much imoportant
A good CIBIL score is one of the most important factors that lenders consider when lending money to their borrowers.
If you have a good CIBIL score, a good credit history, or any other existing relationship, you should try to negotiate with your lender so that lenders can provide some liquidity.
Must wait for a great time to apply, e.g., during festival seasons when banks have offered different kinds of leverage on interest rates.
A longer tenure loan can impact your EMI amount, to avail lap loan at low interest rates must go for a shorter tenure.
You must try to negotiate with your lenders: