<h1>Factors Affecting Personal Loan Rates: Credit Score, Income, Debt Ratio, Loan Terms & Economic Conditions</h1> Personal loan interest rates are influenced by several factors, including credit score, income stability, debt-to-income ratio, loan amount and tenure, relationship with the lender, and current economic conditions. A good credit score and stable income can lead to more favorable rates. Shriram Finance, a prominent NBFC, offers competitive personal loans with features like collateral-free options, prompt approvals, and flexible repayment terms. Understanding these factors can help borrowers manage loans effectively and secure better terms. Shriram Finance is noted for its customer-centric approach, providing diverse financial products and services across India.