As you can see, the interest rate that a financial institution in Singapore can charge borrowers varies quite a lot. To determine the interest to charge, your credit score comes into play. So, if you qualify for a loan from a specific financial institution, the cost of the loan is likely to be lower if your credit score is excellent. Here are some useful tips to ensure you have the best credit score for lower interest rate loans in Singapore:Get a copy of your credit report to check if it has errors. If you note any, ask the Credit Bureau Singapore to correct them before commencing your loan application in Singapore.;Try staying away from credit card purchases. When you make new credit card purchases they are likely to raise the credit utilisation rate, which contributes to a significant percentage of the credit score. The higher the balance, the more your score is likely to get impacted negatively.;Start by paying off past dues. About 35% of your credit score is based on your payment history. This makes it one of the most important components if you want to push up the credit score for low-interest loans from the best financial institutions in Singapore.;Avoid making new credit card applications. As long as you are on a mission to rapidly improve your credit score, making a new credit card application is likely to hurt as opposed to help. Since your credit accounts and number of hard inquiries make 10% of your credit score, avoiding them sends a signal of financial stability, which boosts the score.;Contact your creditors. This can be a hard one, but it works when you are trying to boost your credit score. When you reach your creditors to tell them about some hardships that might make your monthly payment(s) delay, they might be able to help. You will be surprised how these creditors want you to improve your situation and have a healthy financial life.;