Instant personal loan

How to Get a Personal Loan with a Low CIBIL Score?

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A personal loan refers to the amount of money that you can borrow from financial lenders for a variety of purposes, like paying off debts, meeting wedding expenses, or going on a vacation. It is very easy to get a personal loan, provided you meet the eligibility criteria set by lenders. 

Meeting the rules and regulations of the lender is very important, as they have the key to unlock your loan. Before approving a personal loan, lenders verify many things and you need to go through all the checkpoints to get the funds sanctioned. One of the most important things is to have a high CIBIL score. Do you need personal loan with bad CIBIL score? Can you still get it approved? Read on to understand how to get a personal loan with a low CIBIL score. 

How to Get a Personal Loan with a Low CIBIL Score:

  • Income Evidence for Loan Repayment

Income evidence like bank statements or salary slips can make the process of getting a loan without a high CIBIL Score hassle-free. While submitting your personal loan application to the lender, attach all your income evidence documents, which will assure the lender of your repayment abilities in spite of poor CIBIL score.

  • Get a Guarantor

If you have a low credit score, then you can opt for a guarantor with a good credit score. If the guarantor agrees, then the lender can approve your personal loan. 

  • Low Personal Loan Amount

If you request the lender for a high amount of personal loan with a low CIBIL Score, then it’s not likely to be approved. This is because lenders doubt the repayment abilities of a borrower with a low credit score. However, if the loan amount is low, then you can convince the lender to provide you a loan. 

Once your loan is approved even if your credit score is low, ensure that you pay it back promptly so that your CIBIL score improves. This way, it would be easier to get your next loan approval. 

Must Read: Does credit score affect to your personal loan application?

Things to Keep in Mind Before Getting a Personal Loan

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Taking a personal loan can be a long, complicated process, and it is important to get your research done before requesting one. Find below a few things you should keep in mind before applying for a personal loan are listed below: 

Credit score 

This score lies between 300-850, and it tells lenders about someone’s credit history, which comprises things like open accounts, payment history, pending loans, defaults, etc. This score is an important criterion for the borrower to get a personal loan. The higher the credit score, the better the borrower looks to potential lenders. This means that the chances of getting their loan sanctioned become better. 

Collateral

Many lenders require you to pledge valuable assets (also known as collateral) when taking a secured personal loan. If, for any reason, you are unable to pay as per the plan decided, the bank can take possession of the collateral and recover the balance of the loan. However, many personal loans are unsecured, which means that they may not require any collateral. 

Relevant documents/forms

Some documents required for your application are: 

  • Loan application: To provide details on the nature of the loan, such as the amount required and the purpose of the loan, amongst others. 
  • Identity proof: Any proof of identity that has been provided to you by the government.
  • Proof of address: This might overlap with identity proof, and it includes proof of home or the lease agreement. 
  • Employment proof: If you’re employed, lenders need this to verify your payback abilities. 

Always perform a comparison of personal loan rates of various financial institutions before you finalize. An infinitesimal interest advantage can help you save a lot of money in the long run.

Must Read: How to Get a Good Interest Rate On A Personal Loan?

Why You Should Plan Your EMIs Before Taking a Loan

While taking an instant personal loan online may have its host of benefits, you must calculate your EMIs before finalizing the loan. This allows you to estimate the total amount of the loan it will be possible for you to withdraw, as well as knowing the interest rate on the loan. 

Elaborating on the above, find below a few reasons why you should plan your EMIs before taking a loan: 

Allows you to estimate how much money you need to borrow 

Using a personal loan EMI calculator, it becomes easy to calculate the sum of money for the loan that you will be able to return monthly. 

Prepayment is possible

Since you already may have your EMI amounts jotted down, it becomes easy to pay off the loan sooner if you get a salary raise or an unexpected bonus. This saves you from returning more money to the lender since you cut down on interest this way. 

Calculating repayment

Taking an instant personal loan online may help you in emergencies, but this plan can backfire if not done correctly. You must be comfortable with the amount you have to give back each month. For this, you must factor in your monthly salary, your monthly expenses, any pending loans you may have, and the number of working years you have left. 

Hence, it may be visible that planning out your EMIs before borrowing money can grant you an easier financial life overall. Using a personal loan EMI calculator also makes this quite easy.  

Must Read: Simple Tips To Select The Best Personal Loan

Manage Your Expenses With Instant Personal Loan

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Emergencies strike us when we least expect them to, so we must have a backup plan for managing our expenses. The best option you have is an instant personal loan. An easy and simple loan option that does not require any collateral, an instant personal loan allows individuals to borrow money for various reasons. 

Personal Loan Features

Some of the features that make a personal loan the best option for managing your expenses are:

  1. Fund for emergencies: Personal loan application process is simple and easy to apply for. With minimum documentation, the entire process is paperless and helps borrowers get quick fund disbursal.

  2. No collateral: In emergencies situations, you need funds without much fuss, and a personal loan requires no collateral or security to get your loan approved.

  3. Freedom of usage: No matter why you need the funds, a personal loan has you covered with all. Right from wedding planning, to vacation, business, medical situation, education or even house renovation, personal loan funds can be sued for any purpose.

  4. Freedom of repayment: Personal loan is available with just a click, but the repayment tenure is completely flexible. Based on your expenses and earnings, you can choose the tenure that suits you best and repay the amount in small monthly EMIs.

Conclusion

With so many benefits, an instant personal loan is a great option for instant funds. Make sure you choose the lender wisely. It can be done by reading how to calculate EMI for a personal loan. It will help you make the right decision, without hampering your savings or financial stability.

Must Read: Here Are The 4 Best Loan Options For The Emergency

 

4 Ways to Get a Better Interest Rate on Personal Loan

A personal loan has become the best financial tool currently to finance all your emergencies and expenses. However, as it is an unsecured loan, the interest rate payable for a personal loan could hold you back when you think to yourself, “I need a personal loan .”

Well, do you know there are ways through which you can get a better personal loan interest rate? Some of the tips are shared below:

1. Credit Score: A credit score over 750 is a great way to get an instant personal loan at competitive rates. A high credit score can help you in getting better interest rates on personal loans from lenders. It is also important that your credit utilization ratio stays under 30%. 

2. Stay aware of the market: Before applying for a personal loan, make sure to do your market research properly and then opt for the lender offering the best interest rate. 

3. Make timely repayments: The repayment history considered is not just for the current loan but also for all the loans you have taken in the past. A good repayment history reflects well on your profile and helps you get a lower interest rate. 

4. Working with a good employer: Your employer also impacts your interest rate. Working with a Fortune 500 company or an MNC makes your profile strong, helping you grab a lower interest rate on a personal loan.

These are some simple ways of getting a personal loan with a better interest rate. A good relationship with a reliable lender in the market can further strengthen your case for a loan at a reasonably low rate of interest.

Must Read: 9 Simple Tips To Increase Your CIBIL Score In India

Does my Salary Impact my Personal Loan?

One of the easier loans that one can avail of is a personal loan, which is an unsecured loan that does not require any collateral, however, there are certain eligibility criteria that the lender takes into consideration to ensure the repayment of a personal loan. 

How income affects personal loan

While applying for a personal loan is easy, getting it approved, and sanctioned can be challenging. The final approved amount depends on various factors, one important among them being your income. Let us see how your salary can impact your personal loan

  1. The more your salary, the higher is your chances of getting a personal loan approved. 
  2. Higher-income also provides the flexibility to choose your repayment tenure. 
  3. Your interest rate on a personal loan will also depend on the salary. A higher salary ensures higher repayment capacity.

What is the minimum salary required for a personal loan?

If you are applying for Fullerton India personal loan, it is available for both salaried as well as self-employed professionals. The eligibility criteria for all eligible applicants above the age of 16 is as follows: 

  1. For applicants residing in Mumbai and Delhi, the minimum salary for a personal loan is Rs 25,000 per month.
  2. For applicants residing in other locations except for Mumbai and Delhi, the minimum salary for a personal loan is Rs 20,000 per month. 

Normally the loan amount eligibility is 30 times the monthly income. While salary plays an important factor in your personal loan, it may vary for each lender.  You must also ensure that you have a good credit history and check with the lender before you apply for a loan. 

Must Read: How to Get an Unsecured Loan? Here’s a Guide

Why Personal Loan is your Best Way out of a Financial Crisis?

Every financial crisis is best handled by a fast and sizable credit line. Amid a host of available choices, a personal loan is probably your best way out of a financial ditch. However, if you still aren’t sure about the efficacy of a personal loan, consider the following validations:

  • Easy to Avail

Instant personal loans are easy to procure, considering the unsecured nature of the same. Besides, if you can zero in on the perfect loan amount for your credit score, getting approved becomes easier than ever.

  • Easy Repayment Structure

Be it online or offline personal loans, lenders allow you to choose easy repayment structures that are in sync with your existing financial stead. As a borrower, you can use the personal loan interest calculator by feeding in the interest rates, tenure, and other details, to structure the sum payable, as per preferences.

  • Convenient Financing

If you are looking at online personal loans, you need to take the convenience of availability and procurement into account. Besides, if you are opting for digital NBFCs and lenders, loan applications, credit score checking, and disbursements are way faster as compared to traditional avenues.

  • Competitive Interest Rates

A personal loan allows you to choose between several credible lenders and eventually the most affordable interest rates. 

These characteristics qualify personal loans as the best crisis mitigating credit lines, regardless of the lender offering the same. However, you need to have a legible credit score, proper collection of documents, and decent financial standing for getting approved.

Must Read: 3 Ways To Get Loan for Self-Employed with No Income Proof

How to Stay Adrift of Personal Loan Scams?

Personal loan scams are predominant if you fail to connect with credible lenders and NBFCs. However, before enlisting strategies to scale beyond the scams, it is necessary to analyze the types of fraudulency beforehand.

Loan Scams to Counter

  • Advance pay

Fake lenders ask for upfront processing fees and approval charges, especially from individuals who are finding it hard to get an online loan application approved due to the lack of personal loan eligibility criteria (https://www.fullertonindia.com/personal-loan-eligibility.aspx).

  • Phishing

Cyber attackers lure you into loan approval possibilities and get hold of your personal details in the process. Eventually, they open fake credit accounts, and you end up getting notifications for loan repayments, even without procuring a single dime.

In addition to these, fraudulent lenders also initiate unsolicited scams or offer guaranteed approval offers to siphon off an unwitting borrower.

How to save yourself?

  1. Keep a close eye on credit reports

You are the best judge of your loan approval eligibility. Therefore, if a lender assures that your poor credit score wouldn’t matter and shall not be taken into consideration, you must stay away from the same.

  1. Stay away from Unsecured Addresses

If an email or message aims at redirecting you to a particular address sans ‘https’ tag, it might be a phishing attempt to leverage information.

  1. Only Connect with Credible NBFCs

Consider NBFCs that boast of decent word-of-mouth credibility and offer competitive personal loan interest rates. Any lender who promises unbelievably low rates are best to be ignored.

Personal loan scams have picked up pace in the post-covid19 era amid the job-centric challenges. A desperate borrower, therefore, needs to be discrete and smart to avoid being duped.

Must Read: Everything You Need To Know About Small Personal Loan

5 Benefits of Personal Loans You Might Not Know

Personal loans are still looked at with suspicion as they are not very commonly used. But, they can be super-efficient in managing situations that demand smaller amounts of money without any collateral.

If you are looking for an emergency loan that can fulfill a larger purpose, an instant personal loan could work wonders. If you have a decent income and have a good credit score, you should be able to find a personal loan at a low-interest rate.

Benefits of Personal Loans:

Although it sounds counterproductive, avail personal loans can be a good idea in some situations. Do not pay attention to naysayers, and go ahead and make your life more comfortable with a personal loan. 

  • You can pay off high-interest debts like credit card loans and high-interest loans with a personal loan. Once you restructure your loan, you can pay the loan off in installments. The credit card loan is a revolving one, and the interest can be as high as 48-52% annually. You may feel that you are not able to pay the principal. At this juncture, it is a good idea to convert the amount into a personal loan and pay off the debt. This way, you will have a fixed amount to pay that will involve a part of the principal along with the interest quotient. It will help you actually reduce debt. It may be a good idea to club multiple loans like a medical expense, credit card bills, vacation.
  • Personal loans do not generally involve any collateral so that they could be relatively safer. Any default in payment will lead to a bad credit score but will not attach any property as in a secured loan. It is essential to take a loan that is comfortable to repay, and the EMI are well within your reach. Always aim to take only the amount that you need to keep interested from catapulting. It is not an excellent move to miss personal loan payments as the consequences can be severe, with collection agents haunting you. Your credit score will also nosedive. This will lead to you not getting loans at a reasonable rate any more for a long time.
  • Short term funds to do a course, take a vacation, or pay medical bills can be availed of with a personal loan. You can check out the EMI you need to pay with the help of the personal loan interest calculator. You can make planned expenditures at a low rate of interest than your credit card and save a lot of money in the long term. This way, you have a fixed tenure to pay off the loan in equated monthly installments. The repayment schedule is in control, and you are less likely to default.
  • Many of us forget to live in the present and think of the far off future. This makes the monotony of life very depressing. It is a good idea to avail of an instant personal loan to attain the small pleasures of a well-decorated home, the down payment to the right car, your child’s admission fee to a good school or even a dream vacation while you are still healthy enough to take that trekking holiday. The low-interest rates will be a small price to pay for the gratification you achieve.
  • Probably the essential thing that a personal loan does is build a credit score and history for you. If you have no credit history, it is a good idea for you to take a small personal loan and repay it within time. It takes credit to build a score. This good credit score will open up the possibility of higher loans for business, home loans, or education at a later date. It is an excellent way to add a new credit to your mix and improve your credit score. But, a word of caution, do not apply for a loan from too many lenders and ‘inquiries,’ may have a negative impact on your credit score, and the purpose will be foiled. Choose your lender with care. Your bank will be the best option, or you can look at online lenders who provide quick and low documentation personal loans.

The personal loan can be used for any purpose, unlike a secured loan, a mortgage, or a business loan. You can bank on an instant personal loan to tide you over the temporary financial crises that may occur at some point in your life. The only time you should avoid a loan is when you are not sure that you can repay the loan. Not repaying loans may damage your creditworthiness for years to come. Look for a loan that suits your purpose, is within your means to repay, and builds your credit score. You are on your way to excellent credit history.

Additional Read: Is using personal loan to invest in stock market a good idea?

4 Emergency Situations Where a Personal Loan Can Help You

If you’re buying a house, there’s home loan, if you’re buying a car, there’s car loan. But if expense surfaces which cannot be defined in these terms to the bank, then what do you do? For these times there is a personal loan.

A personal loan is the most fluid kind of loan you can get. It is not specific to one function and you can spend it however you like. You can easily look at personal loan interest rates (Check Interest Rate) and apply for a personal loan online. Here are five situations where a personal loan can help you:

Medical Emergencies: Especially in the times of the COVD-19 pandemic, Hospital bills, and medical expenses can be much more than what you can afford. But don’t worry. A personal loan has you covered in such tough matters so that you can only focus on your family’s health and let your financial worries rest.

Wedding Expenses: Wedding can be an expensive affair, especially in India. But a personal loan can ease your load. You can apply for one, and see your family dancing at the wedding with joy.

Education: If you don’t want your child to be burdened by an education loan, you can easily take a low-interest personal loan and let your child study freely.

Travel: An unplanned trip can create a hole in your savings. But you can apply for a personal loan to finance your trip and save your money for better emergencies.

Let personal loans be your savior in your times of need and live worry-free!

Must Read: How to Plan Your Retirement by Taking a Personal Loan?

List of Documents Required to Get a Personal Loan in India

Getting a personal loan is easy, thanks to the numerous lending institutions, public and private, that have come forward to provide loans to their intended borrowers. The unsecured nature of the loan has encouraged an increasing number of people to apply for personal loans, be it for any reason, including:

  • making down payments for buying a property or a vehicle  
  • paying for home remodelling, higher education, vacation, an electronic gadget
  • meeting medical expenses 
  • repaying credit card debt 
  • and other expenses

Minimal documentation that borrowers must provide 

Though a personal loan can be used for many purposes, many people inquire about the personal loan eligibility criteria and the documents that must be submitted along with the loan application. Most lenders advocate minimal documentation while applying for personal loans. Though not much is required of intended borrowers, lenders often seek personal loan documents depending on the borrower’s nature of employment. The important documents that customers need to submit while making their loan application include:

  • Proof of identity: Lenders need identity proof documents like a scanned copy of the passport, a copy of your Voter ID Card or your driving license. The numbers on your Aadhaar Card and PAN Card need to be uploaded to enable the lending institutions to verify the identity of their intended borrowers. Customers seeking pre-approved loans can simply use their Aadhaar numbers for the e-KYC process. 
  • Proof of residence: A copy of your passport or Voter ID or Driving License or Aadhaar can serve as residential proof too. You cannot avail a loan without proving the authenticity and validity of your address. However, for those assenting to pre-approved loans, submitting this document may not be necessary as the lenders already have their records before offering this benefit to them. 
  • Office proof address: You may seek a personal loan to enhance your business prospects too. If your company has applied for the personal loan or you wish the amount to be credited to your current account, you must submit documents showing proof of your office address or the registered address of your business enterprise. 
  • Bank Statement (over the past three months): This is important as lenders wish to gauge your loan repayment ability. Your bank statement over the past three months contains details of the amount credited and debited over the period, thus, highlighting the regularity of cash inflow apart from showing the value of the estimated balance you have in your account. Those with a high frequency of cash transactions are more likely to get personal loans as opposed to those whose bank accounts are relatively dormant or if they struggle to maintain even the minimum balance in their savings or current accounts. 
  • Salary Slips (over the past three months): A salary slip is proof of your income and that you are receiving a salary at the end of each month. Getting paid every month is proof that the borrowers have the requisite finances to repay their loans. Instead of their salary slips, borrowers may submit their recent salary certificates with the latest copies of Form 16. 

The best part of applying for a personal loan is that you can apply for any loan amount depending on your requirement. However, credit score can have a determining effect on your loan interest rates, thus, necessitating borrowers to ensure a good credit history. The fact that you can easily repay your loan through equated monthly instalments (EMIs) over a period adds to the affordable nature of the loan.

Read More: Why you Should Apply for an Instant Personal Loan Online?

All You Need to Know About How to Get a Personal Loans

A personal loan is a type of multi-purpose loan, and there is no requirement of collateral. It can be used to cover medical , wedding or educational expenses. It is an unsecured loan, so the interest rates are generally higher. Nowadays, the lenders provide so many plans that can help you to get a personal loan that will not be a financial burden.

Personal Loan

Here’s a list of things that you need to know about the personal loan:

  • Eligibility Criteria For Personal Loan:

The eligibility criteria differ from lender to lender. Some of the standard eligibility criteria are the creditworthiness, age of the borrower, the income of the borrower and capability of reimbursing the personal loan.

  • Loan Tenure:

The repayment time is generally shorter and ranges from 1 to 5 years.

  • Personal Loan Calculator:

Make use of a personal loan calculator to check eligibility, interest rates, and the value of monthly instalments to be paid.

  • Loan Amount:

The loan amount varies, and this is based on the lender and if you are a salaried individual or self-employed. Generally, the lenders limit your loan value such that the monthly instalments do not exceed 50% of your monthly income. 

Conclusion:

A personal loan can provide you with financial aid in times of emergency. You can quickly get the loan approved by maintaining a good credit score and meeting all the essential eligibility criteria. Just keep the points mentioned above in mind before applying for a personal loan.

Must Read: What is the Complete Disbursal Process of a Personal Loan?

How to Choose the Best Personal Loan According to Your Needs?

The best personal loan is the one which can fulfil your needs and is also not a burden on your monthly expenses. A personal loan is repayable every month. The amount of EMI depends on the amount of loan, and the tenure one will be selecting. You can check your eligibility for a personal loan by using a personal loan eligibility calculator.

Personal Loan

Availing the benefits of a personal loan can affect your finance for the tenure you are selecting. So, before applying for a personal loan, one must check with different lenders to get the best personal loan possible. Listed below are some factors one should consider before applying for a personal loan.

1. Rate of interest: The rate of interest is the most critical factor that will determine your monthly EMI’s and how much you will have to pay for a loan. So, it is advised to get the best rate possible.

2. Amount of loan and tenure: A personal loan varies from Rs. 10,000 to Rs. 75 lakhs depending upon your credit score and monthly income. You can select the period according to your ease from 12 months to 84 months.

3. Extra fee: Many lenders charge additional fees like processing fees, prepayment charges and many more. It varies from lenders to lenders depending on the scheme you will be choosing.

Conclusion:

To get the best personal loan, it is advised to compare different lenders to get the best deal possible. Review the above factors before applying for any personal loan.

Additional Read: How to Avail of a Personal Loan with Low CIBIL Score?

How To Get A Personal Loan Without A Job?

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Getting a personal loan can be a daunting task if you are without a job but there are few ways by which you can secure a personal loan even if you are unemployed.

Instead of approaching a financial institution for a personal loan, you can ask your friends and relatives to lend you money on a nominal rate of interest lower than the financial institution interest rate. But make sure to repay the loan amount as per your promised timeline to avoid bitterness with your friends or relatives.

Approach private lenders in case your bank refuses to give your personal loan. Private lenders usually sanction unsecured loans by charging a higher rate of interest as compared to banks. In that case you can get a loan from any lender if you fulfill the personal loan eligibility and have an ideal credit score. 

Take advantage of your credit score with your existing financial institution. If you have taken a loan earlier from your associate financial institution and have repaid it on time without delays, your financial institution will consider your loan application even if you are out of job by taking into consideration your creditworthiness.

If you are without a job, you can also apply for a personal loan against your life insurance policy or by pledging your movable or immovable assets in the form of property or gold jewellery. In this case, the bank’s risk proposition decreases drastically, which helps you get the loan at comparatively cheaper rates.    

Additional Read: Reasons – Why You Should Take A Personal Loan?

What Are The Best Ways To Get A Personal Loan At Low Interest Rate?

Personal loans have seen exponential growth in the past two decades in India and are availed by millions of customers for various needs. They require minimum documentation and disbursal is faster as compared to other types of loans. A personal loan has become the preferred instrument for public and private banks in India who earn handsome interest by disbursing these loans at a short notice.
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At the time of applying for a personal loan one should take into consideration the following points to avail a low-interest rate:

  1. If you have maintained a good credit score for your previous loans, chances are the bank will offer you a slightly better rate of interest on a fresh personal loan considering your clean credit history.

     

  2. If you have maintained a good repayment track record without defaulting on the previous loan EMIs, you can negotiate a better rate of interest with the bank for a personal loan.

     

  3. Applying for a personal loan during festive season increases your chances of availing a reduced rate of interest as banks come up with special loan offers during the festive season.

     

  4. Your relationship with the bank over the years can also be a factor in getting a better interest rate on a personal loan. if you are an existing customer of the bank with an excellent payment track record, you can expect to get a discounted rate of interest on a personal loan.

     

  5. Employer’s credibility and a stable job can also play an important role in getting a better rate of interest on a personal loan.

     

In summary, you must take stock of the available lending institutions offers and choose the one which suits your needs the best. 

Must Read: Golden Rules You Should Follow While Taking A Personal Loan

Use Personal Loan Calculator to Calculate Your EMI

While home loans and car loans are to be used for specific purposes, personal loans can be used for any reason. The choice is up to the borrower. It could be a wedding ,a vacation, home renovation, etc. In addition, getting a Personal Loan issued is hassle-free and quick. The Personal Loan, like all other loans, are repaid back using EMI. Equated monthly instalments depend on three key factors (i.e.) Principal, Interest Rate and Tenure. The principal is the amount of money required to be borrowed. Rate of interest is charged annually. Hence it is to advice to calculate the EMI with personal loan calculator an online tool to calculate the monthly EMI.

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Tenure is the duration for which the EMI is to be paid in order to repay the loan. Understanding these three factors helps increase awareness among borrowers. They can calculate persona loan EMI in advance and determine the amount to borrow so that they can plan their finances accordingly.

Personal loan calculator are convenient and easy tool to calculate the payble EMI. It requires the following details:

1. Loan Amount
2. Loan Tenure
3. Interest Rate

Must Read: How Is Personal Loan EMI Calculated in India?

Why You Should Get a Personal Loan Online!

The best part of taking a personal loan is that the loan amount can be sought for whatever purpose required. You may consider taking the loan for a marriage ceremony, paying for a vacation, higher studies, home renovation, house reconstruction or making a down payment for a new house. You may even take a personal loan to consolidate your debt by paying all your different loans and bills with just a single loan amount.

The internet allows people to apply for personal loans online though they may also choose to visit the lender’s branch to know more before filling up the loan application form. Being unsecured, personal loans come at high rates. However, that should not deter today’s generation that is looking for instant gratification by making purchases with the loan amount and repaying the amount over a period.

Must Read: 5 Easy Tips to Get Your Personal Loan Approved

Additional Read: Top Factors That Determine Your Mortgage Interest Rate