What is CIBIL?, Factors that affect your cibil score, CIBIL Score and Its Role in Loan Approval and more information - Everything you need to know about your CIBIL score is available here.
Bad credit can lead to rejection of your home loan plea. To keep the financial portfolio maintained and enhance CIBIL Score, stick to the following advises.
The first criterion which is used to determine the eligibility for any kind of loan is the credit score prepared by CIBIL. The higher your CIBIL score, the more are your chances of getting a better deal on your loan.
CIBIL is one of the foremost credit information companies in India. The role of the CIBIL is to collect and maintain payment records of both individuals and commercial entities pertaining to loans and credit cards.
Having a good CIBIL TransUnion credit score is one of the basic requirements for a home loan. An acceptable CIBIL score for home loans would start somewhere around 700. Having a credit score of more than 700 is generally considered good. Read more at IIFL Finance Blog.