How much cibil score required for home loan? Minimum Score Required

1149 Views Cibil Score

Looking for home loan and want to know how much cibil score is required to get it approval from bank & NBFC’s.

So the Answer is 575+ Cibil Score is required to get home loan from any reputed bank like SBI, HDFC Ltd, Bank of Baroda, Axis Bank, ICICI Bank, PNB, LIC Housing and Others.

Now question arise is why 650+ required in case of home loan, so the answer is because of secured loan nature of home loan. 650+ credit score is not that bad but the interest rate offered by bank to you is higher than 800+ credit score borrowers.

How much Interest Rates for Low CIBIL Score Home Loan Customers?

Mainly, Interest rates charged by banks on home loan are mostly same but sometime due to special offers / schemes banks charged different interest rates for different customers on the basis of there CIBIL Score. You can assume .25% difference on the basis of CIBIL Score.

Interest Rates for Home Loans on basis of CIBIL SCORE 2021

Banks	800 +	750 – 800	700 – 749	Below 700
SBI Home Loan	6.70%	6.80%	6.90%	7.15%
ICICI Bank Home Loan	6.70%	6.75%	7.00%	7.15%
HDFC Ltd Home Loan	6.70%	6.75%	7.00%	7.25%
Axis Bank Home Loan	6.75%	6.75%	7.00%	7.10%
PNB Housing Finance Home Loan	7.20%	7.45%	7.65%	8.40% – 8.55%

How to check your CIBIL score online for Home Loan

You can access your CIBIL score report online by visiting the official website of CIBIL or Our Free Service @ Deal4loans. On the website, you will find an application form which you will have to fill in with identifying details such as your name, date of birth, address, phone number, address proof, income and company name.

For Check your CIBIL Score for Free within 1 Minute @ THIS LINK (FREE CIBIL SCORE)

Question Answers or Most asked question on home loans Cibil

what is the minimum cibil score for home loan?

600+, Minimum cibil score for home loan approval from bank.

what is the good cibil score for home loan?

A 700+ Score is know good for aquire a home loan at lowest interest rates.

how to get home loan with low cibil score?

For low cibil score borrowers, advise is first clear your unsecured loan / credit card dues and after that apply for home loan. If your Score is below 650 than try only with HFC’s.

how to calculate cibil score for home loan?

To calculate CIBIL Score, use can use this Free CIBIL Score.

how much cibil score is good for home loan?

A 700+ Score is know good for aquire a home loan at lowest interest rates.

how to check cibil score for home loan?

To check your CIBIL Score for free, use can use this Free CIBIL Score.

what should be the cibil score for home loan?

A Good CIBIL Score is 750+ for Home Loan to get lowest interest rates which benefits you in longer run.

how to get home loan without cibil score?

Its very easy to get home loan without cibil score becuase housing finance companies offered home loans to new borrower who dont have any loans running in past but interest rates are little higher because institute / bank doesn’t know about your credit payment back capcity.

Q: how to get home loan if cibil score is low?

Q: what is the ideal cibil score for home loan?

Banks	Interest Rates
SBI	8.60% - 9.65%
HDFC Bank	8.50% - 9.40%
ICICI Bank	9.00% - 9.10%
LIC Housing Finance	8.50% - 10.50%
PNB Housing	8.50% - 10.95%
Axis Bank	8.75% - 9.15%
Bank of Baroda	9.15% - 10.50%
Canara Bank	8.90 %- 11.25%
Aadhar Home loan	N.A