How your credit score may be hit if you apply to many lenders

Have you ever applied to multiple lenders for a loan in the hope of bagging the best deal? If you have, this is something you should avoid because of something know as a hard inquiry. These are the reason Why you should not apply to multiple lenders at the same time.

from Wealth-Economic Times https://economictimes.indiatimes.com/wealth/borrow/how-your-credit-score-may-be-hit-if-you-apply-to-many-lenders/slideshow/80151974.cms