How to Improve Your CIBIL Score for a Better Home Loan Deal
Your CIBIL score directly affects the rate and approval of your home loan. In this guide, you’ll learn how to improve yourCIBIL score for home loan applications and unlock lower interest rates. Why CIBIL Score Matters Banks often treat a score below 700 as high-risk. Nearly 46% of low-score applicants face outright rejection or steep interest penalties:contentReference[oaicite:0]{index=0}. A TransUnion CIBIL report shows consumers who monitor their credit have an average score of 729, versus 712 for non-monitors. Plus, 46% of self-monitors improved within six months, compared to 41% who didn’t :contentReference[oaicite:1]{index=1}. Understanding Your CIBIL Score Range 300–579 (Poor): Hard to get loans; immediate action needed. 580–669 (Fair): Possible, but rates will be high. 670–739 (Good): Most lenders approve you. 740–799 (Very Good): Eligible for competitive rates. 800–900 (Excellent): Best deals and lowest rates. Exam...