Hey,
Although, low CIBIL Scores don't have a set definition. A score of less than 500 is typically regarded as poor for the approval of a home loan. Depending on the lender, this can change. Banks prefer a CIBIL score between 700 and 750 to approve home loans. Although different banks might have their own requirements for a minimum mark, most Indian banks want at least a 700. For the purpose of approving a home loan, a person with such a CIBIL score of 700–750 and higher is deemed to be the least hazardous.
So, I think you will not be able to get a loan for your CIBIL score.
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Can person with low CIBIL score of apporx 500 but with monthly income of INR70K (thousand) get a home loan?
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2022-07-22T20:05:30+00:00 2022-07-25T14:46:38+00:00Comment
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