Home loan lenders in Delhi NCR typically fetch credit worthiness indicator using CIBIL. Financial institutions access the extensive customer database to assess their eligibility for home loans.
Like elsewhere in the world, customers with low credit score will have much fewer options when approaching select home loan lenders. Typically, customers need to monitor their score to avoid being rejected by lenders on the grounds of having bad credit score. In India, credit scores range between 300 and 900, and borrowers need to keep their scores above 600.
It’s worth noting that each lender may have different sources of information and scores of each customer are bound to differ.