BENGALURU : Are banks gearing up to reward you
for good behaviour? After Bank of India (BoI) and Bank of Baroda (BoB) announced such measures, IDBI Bank on Tuesday said that it will reward good borrowers by
giving them differential pricing on their home loan interest rates based on their Cibil scores.
According to Cibil COO Harshala Chandorkar, this could point to a larger trend of "loan interests more aligned towards a carrot-and-stick policy - where good borrowers can reap the benefits of their financial prudence and bad borrowers get weeded out or have to pay steeper rates".
According to Cibil COO Harshala Chandorkar, this could point to a larger trend of "loan interests more aligned towards a carrot-and-stick policy - where good borrowers can reap the benefits of their financial prudence and bad borrowers get weeded out or have to pay steeper rates".
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