How to get home loan with bad or low cibil score - PowerPoint PPT Presentation

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How to get home loan with bad or low cibil score

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Getting a home loan isn’t always the easiest of tasks. It depends on a lot of factors, the most significant being the credit score of the person who has applied for it. That needs to be above 700 in order for the loan to be sanctioned. Since the tenure of the repayment of the loan is up to 20 years, lenders ensure that they lend money only to people with a good credit score so that the credit risk posed is very less.Hence, if one has a low or bad CIBIL score, there are a number of steps to be taken before applying for a home loan. – PowerPoint PPT presentation

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Title: How to get home loan with bad or low cibil score


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How to get Home Loan with Bad or Low CIBIL Score
2
Goel Ganga Developments
As one of the best real estate builders in Pune,
we have raised the standard of excellence for
real estate properties in Pune.
3
Bad or Low CIBIL Score
If one has a low or bad CIBIL score, there are a
number of steps to be taken before applying for a
home loan.
https//goelgangadevelopments.com/
4
Improving your CIBIL Score
Going for higher Down Payment
To meet the minimum CIBIL score for a home loan
application, you should prioritise improving it
before applying for the loan.
In case of a low CIBIL score, a larger down
payment might make the approval of the loan
easier.
5
Other important Factors
Applying for Home Loan with the Existing Lender
Being employed with a reputed or government
organisation can increase your chances of having
the home loan approved.
Applying for a loan with a lender, with whom you
have a nice working relationship is always
advisable.
6
Thank You!
CONTACT US
5 Bund Garden Road, Camp, Pune, 411001 (020) 2611
3701 / 02 / 03
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