Impact of CIBIL on home loan

Q: How do i make sure that i will get the home loan. what are the important documents required by the bank?

Diwakar Shetty,

18th April 2013

Home Loan in Chennai

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documents for home loan

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Replies (6)

Before applying for a Home loan make sure you check your credit score as you need to have a minimum of 750 as your score. In case if its between 650-750 the chances of you getting loan are still there but the ROI may increase.
Doc
Completed loan application
3 Passport size photographs
Proof of identify (photo copies of Voters ID card/ Passport/ Driving
licence/ IT PAN card)
Proof of residence (photo copies of recent Telephone Bills/ Electricity Bill/
Property tax receipt/ Passport/ Voters ID card)
Proof of business address for non-salaried individuals
Statement of Bank Account/ Pass Book for last six months
Signature identification from present bankers
Personal Assets and Liabilities statement

Visit the below link too know few things before applying for a loan

http://blog.creditsudhaar.com/2015/12/04/4-things-to-check-before-applying-for-a-home-loan/

Ishika M,

30th December 2015

Comment

No need to worry..if you find your name or any error in the report then you should send an email to consumerqueries@cibil. com along with all documents and facts.The lender or bank will correct the erros and will soon send the update report to CIBIL. If bank does not response you or you are not happy with the response then you can lodge a complaint with the banking ombudsman. And if the facts mentioned in CIBIL report are right then it will be difficult to get any credit facility for few years from the system. You will have to improve your credit history with timely payments of your credit card dues/EMI for loans.

Lewin G,

20th April 2013

Comment

What are the consequence if my name is there..??

Dhiraj,

20th April 2013

Comment

Hello..you can do one thing..just access your credit card report yourself on https://www.cibil.com/acces scredit.htm . You will have to pay an amount of Rs 154 each. After getting report you will get to know that whether a bad credit report is affecting your chances of getting a loan or not.

Lewin G,

20th April 2013

Comment

Hi i am scared if my name is in CBIL list...as i have one defaulted a mobile bill payment..please help..

Dhiraj,

19th April 2013

Comment

Hello Diwakar...it is like most of the banks demand for 2-3 yr experience and too with work experience proof also like such as Form 16, PF deduction etc. Your loan applicant will not be accepted if your work eperience is less than 3 yrs.

Lewin G,

19th April 2013

Comment