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.