You can likely still get a loan, but prepare for more scrutiny. Lenders might ask for more documentation or a higher down payment.
It’s not just about getting a "Yes" or "No." Your score directly dictates the cost of your home. Experts at Wishfin note that a difference of just (e.g., 699 vs. 750) can lower your rate by 0.75% . how much credit do i need to buy a house
On a ₹50 lakh loan over 20 years, that tiny percentage difference could save you over . Some top-tier banks like SBI or HDFC even offer extra discounts of up to 0.25% for scores above 800. Quick Fixes to Boost Your Score You can likely still get a loan, but
This is the gold standard. Scores in this range grant you maximum bargaining power and access to the lowest interest rates. Experts at Wishfin note that a difference of just (e
Approval becomes significantly harder. You may need a co-applicant with a strong score (like a spouse) or look into niche lending options. Why Those Points Matter (The Lakhs in Savings)
If your score isn’t quite where you want it, don’t panic. Most borrowers can see significant improvements within 6 to 12 months by following these "fitness" habits: Home Loan Interest Rate (Apr 2026) Today Starting @8.15%