How to Improve Your CIBIL Score to Qualify for a Home Loan
Your creditworthiness is represented by your three-digit CIBIL score. Based on your credit report, CIBIL Limited, a provider of credit information, calculates it. Having a higher CIBIL score raises your chances of being approved for a home loan by demonstrating your responsibility as a borrower. We’ll go over a few practical methods in this blog post to raise your CIBIL score and raise your chances of getting a house loan at a Low CIBIL score . 1. Maintain a Good Credit History One of the key factors affecting your CIBIL score is maintaining a good credit history. This includes paying your bills and debts on time, such as credit card bills, car loans, and personal loans. Late payments or defaults on payments can negatively impact your score, so it is crucial to make timely payments on all your debts. 2. Limit Credit Applications Every time you apply for a loan or credit card, an inquiry is recorded on your credit report. Too many inquiries in a short period of time can negatively impa...