Information about CIBIL credit score

Q: One of my friend wanted to take home loan but this loan got rejected because of less credit score. Please explain what is credit score and what are the basis of credit score.

Manish Singh, Bangalore

3rd May 2016

Real estate News in Bangalore

bangalore real estate news

credit score

cibil credit score

Follow Discussion

Also see discussions for

Bangalore Real estate News Real estate News in Bangalore

Replies (6)

Credit score is basically three digit number which the credit agencies like CIBIL,CRISIL provides you on the basis of your credit worthiness. To improve your credit score you can either take a loan or a credit card.Taking credit is feasible option as you get extra credit for your purchases,you take credit from any of good banks they provide you extra facilities like reward points, liquid cash for transactions,waivers.These reward points and transactions you can check in bank statement.Good credit score should be above 750.

Shipra Aggarwal,

10th September 2018

Comment

We provide Personal Loans, Home Loans, Business Loans etc...all over the India, with any issues in Cibil. And if there is any issues in updating or improving the Cibil score we will be able to help you in getting updated, as soon as possible. Also we do help you to get the loans in 2 days, with (Private Sector Banks, Public Sector Banks, Foreign Banks, Nationalised Banks & Chit Funds). with the very low rate of interest (upto 5%) please call us 9739870082

Financial service (success),

20th November 2016

Comment

What credit score do I have to have to get a home loan with ease?

Manish Singh, Bangalore

3rd May 2016

Comment

As per my knowledge the minimum CIBIL score for a personal loan is 750 or more than that. In general credit scores range from 300 to 900; 300 being on the lower end of the range and 900 on the higher end. People having CIBIL score more than 750 can go for home loan with out any hassle but people having less than 750 CIBIL score have to face problems while applying for home loan.

Bhaskaran, Bangalore

3rd May 2016

We are leading Home loans Financial Assistant of Bangalore having over 10 years experience in Banking & Financial having tie-ups with all government Banks. Our team includes qualified professionals who can guide you in most cases created to cater unique needs of Bangalore in which maximum of the properties are classified as B Khata, Panchayat Khata with or without DC Conversion. In case you are searching out HomeLoans for B khata & panchayat khata Loans & help provided for Low CIBIL score instances, we are able to be very glad to assist you

VIDHYA,

3rd May 2016

Comment

Okay... So how can one find CIBIL score, if my credit score is less than how can I improved the same.

Manish Singh, Bangalore

3rd May 2016

Comment

You can check your CIBIL score online. An online score request form is available at CIBIL’s official website. It is both easy and convenient and the entire process is completed in a matter of minutes for a nominal fee.

You can improve your credit score by paying all your debts on time, keep your outstanding balances low and keep a check on your single and joint accounts regularly to make sure that no payment is missed by either you or your partner.

Sreya Khan, Bangalore

3rd May 2016

Credit Score is a three-digit numeric summary of your entire credit history. The report is prepared using the credit history in your Credit Information Report.

The credit score depends on many factors such as: a) The credit score depends on a number of factors, b) Total amount of debt held at any point in time, c) Types of loans availed home loan, personal loan, car loan, credit card loan etc, d) Number of applications made to different lending entities for a loan and e) Number and frequency of default or delay in repayment.

Sreya Khan, Bangalore

3rd May 2016

Comment

You need to have a good credit score to get a home loan. In case you have less credit score, there are chances your application might get rejected by the bank or you may get the loan on rigid terms and at a high interest rate.

Tejesh Kumar, Bangalore

3rd May 2016

Check carefully your CIBIL score before applying for home loans to avoid problems later. If you have higher credit score you have better chances of loan getting approved.

Kanthi Sridhar, Bangalore

3rd May 2016