How much credit score do I need to buy a home in India?
How much credit score do I need to buy a home in India?
In India, a credit score of 750 or above is generally considered to be a good credit score. However, the actual credit score required to buy a home in India may vary depending on the lender and the type of mortgage you are seeking. Some lenders may have higher credit score requirements, while others may be more lenient. It is always a good idea to check with multiple lenders to see what their credit score requirements are and to shop around for the best mortgage rates and terms.
It is also important to note that a good credit score is just one factor that lenders consider when evaluating a mortgage application. They may also consider other factors such as your income, employment history, and debt-to-income ratio. It is generally a good idea to improve your credit score as much as possible before applying for a mortgage, as this can help you secure a better interest rate and more favorable loan terms.
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