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Home / Finance / Home Loan / Wondering if you can get a home loan with a bad credit score?
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Wondering if you can get a home loan with a bad credit score?

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1 2021-10-08T18:03:03+00:00
I know it’s hard to get a home loan with a low CIBIL score. While granting a housing loan, lenders consider your credit score as an important factor to access the applicant’s eligibility for that housing loan. Usually, a score below 600 is considered low for granting a housing loan. But let me tell you how to get home loan with low CIBIL score:
  • If your credit score is low but the credit score of your spouse is good, then you can apply for a joint housing loan. It increases the chances of your housing loan application being approved.
  • You can reach a settlement with your financial institution or bank, in case of credit card or loan payment default. You can pay off the settlement money and obtain a NOC after reaching the settlement. The NOC makes it easy for you to apply for a housing loan.
  • Also, you can approach the financial institution or bank with which you have a working relationship. Your customer loyalty can help you avail of a home loan even if you have a  bad credit score.
Get Housing Loan at Low-interest Rates and Minimum Documentation Via NoBroker I hope you like my answer on how to get home loan with bad CIBIL score. Read more: How to improve CIBIL score immediately How to Increase cibil Score from 500 to 750 How to increase cibil score from 600 to 750 How to remove settled status from CIBIL Want to check whether you are eligible or not for Home Loans? Check it via NoBroker Home Eligibility Form here [widget_homeLoan_checkEligibility_form]
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