the Lower the credit the higher the interest rate of the loa

Solution

Credit score is generally used by the financial institutions such as banks while making loan to an individual for variety of purposes.

Higher credit score results in loan with lower interest rate while lower credit score results in loan with higher interest rate.

Lower credit score may also impact the eligibility of an individual to get loan in adverse manner.

So,

It can be stated that the lower the credit, higher will be the interest rate of the loan.

Hence, the given statement is True.