Personal loan: why the lowest rate isn't always the best pick

I will take a personal loan for my sister's wedding, but apps and banks show very different interest rates—at 10.5%, or 14% or more. How do I know which is right? — Priya Mehta, Ahmedabad

- Aryan Makwana

Personal loan isn't straightforward; every rate depends on several factors. Your credit score is the starting point. If it's above 750, lenders usually see you as low risk and offer lower rates. Scores below 650 tend to attract higher pricing.