Unlocking Lower Interest Rates With Sharan Hegde's Secret Hack

In his insightful Instagram reel, Sharan Hegde reveals a hidden strategy to secure low-interest rates from banks. With India's average credit score of just 715, obtaining favourable interest rates can be challenging for many individuals.

While a credit score of 715 is considered decent and allows one to fulfil their aspirations, such as purchasing a dream car, the interest rates on loans may still be high. However, Sharan Hegde shares a secret hack to help lower these rates.

By asking a parent or a friend with a strong credit history and score to act as a co-signer on your loan, you can become eligible for the same loan at a reduced interest rate. It's important to note that if you fail to repay the loan EMIs on time, you and your co-signer will be held responsible for the outstanding amounts. It can have a negative impact on both your credit reports, leading to a decrease in your credit score.

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A post shared by Sharan Hegde (@financewithsharan)

Sharan Hegde emphasizes the significance of timely repayments, highlighting that failing to do so would strain your financial situation and create difficult conversations around the dining table. With his signature theatrical approach and knack for simplifying complex financial concepts, he provides valuable insights into profitable schemes and intricate financial methods.

Sharan Hegde's engaging style and ability to demystify financial strategies make his content both informative and entertaining. His reel is a practical guide for individuals seeking to navigate the intricacies of interest rates and maximize their financial well-being.