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In summary
Your CIBIL score is a 3-digit number between 300 and 900 that reflects your creditworthiness and repayment behaviour. Lenders use it as one of the primary filters when deciding whether to approve a home loan — and at what interest rate.
This page covers:
- Credit score range and what each range means for home loan eligibility
- Minimum CIBIL score required — 725 for Bajaj Housing Finance
- What a CIBIL score is and how it differs from a general credit score
- What is a good CIBIL score for a home loan (750+)
- How to check your CIBIL score — step-by-step process
- Does a low CIBIL score prevent you from getting a home loan?
- Can a CIBIL defaulter get a home loan?
- Benefits of a good CIBIL score
- Ways to improve your credit score
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What is a CIBIL score?
A CIBIL score is a credit score issued by TransUnion CIBIL — one of the 4 credit bureaus authorised by the RBI in India, alongside Equifax, Experian, and CRIF High Mark. It is a 3-digit number ranging from 300 to 900 that reflects your creditworthiness and loan repayment behaviour based on your credit history. Most lenders in India give preference to the CIBIL score over scores from other bureaus, as the majority of financial institutions have direct ties with TransUnion CIBIL.
A higher score signals that you are a low-risk borrower likely to repay on time. A lower score indicates higher risk and may result in loan rejection, a lower sanctioned amount, or a higher interest rate.
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What does the credit score range mean for home loans?
| Score range | Classification | What it means for home loan eligibility |
|---|---|---|
| 750 – 900 | Excellent | High approval chances; access to competitive interest rates and higher loan amounts |
| 725 – 749 | Good | Eligible for home loan; lender may verify other financial details before approval |
| 650 – 724 | Average | Approval possible but may come with stricter conditions or a higher interest rate |
| 550 – 649 | Below average | Low chances of approval; significant improvement needed before applying |
| 300 – 549 | Poor | Very unlikely to be approved; focus on improving score before applying |
| NH / NA | No credit history | No credit record exists; lender will assess income, employment, and other factors |
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What is the minimum CIBIL score required for a home loan?
Bajaj Housing Finance requires a minimum CIBIL score of 725 for a home loan. A score between 725 and 749 is considered good, and approval may be offered after reviewing other financial details. The ideal score is 750 or above — at this level, you are more likely to get faster approval, a higher loan amount, and more competitive interest rate terms.
Even if your score is below 750, you can improve your chances of approval by increasing your income, reducing existing liabilities, opting for a longer tenure, and making a higher down payment. Lenders also consider your income, age, employment stability, current EMIs, and property value alongside your score.
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Are CIBIL score and credit score the same?
A credit score is a general term for any numerical summary of your credit history. A CIBIL score is one specific type of credit score issued by TransUnion CIBIL. Every CIBIL score is a credit score, but not every credit score is a CIBIL score. Other bureaus — Experian, Equifax, and CRIF High Mark — calculate scores slightly differently based on their own data. Most Indian lenders prefer the CIBIL score because it is the most widely recognised in the Indian lending market.
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How to check your CIBIL score online
- Visit the official CIBIL website.
- Click 'Get Your CIBIL Score' at the top-right corner.
- Select a subscription plan. If you need only 1 free score per year, skip paid plans and proceed to your account.
- Enter your date of birth, mobile number, and email address.
- Create a password for future logins.
- Select your ID type (PAN, Aadhaar, passport, etc.) and enter your ID details.
- Proceed to 'Verify Your Identity' and answer all questions accurately.
- Complete payment if you selected a paid plan.
- Log in and authenticate via email or OTP.
- Fill in the form that appears and submit.
- Your CIBIL score will be displayed on the dashboard.
You are entitled to 1 free CIBIL score check per year on the official website. Additional checks within the year are available for a fee.
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Does your CIBIL score affect home loan eligibility?
Yes — significantly. A good CIBIL score simplifies eligibility terms and speeds up approval. A lower score signals risk, and lenders may respond by:
- Reducing the sanctioned loan amount (for example, offering only 40% of the property's value instead of the standard 75-80%)
- Charging a higher interest rate to offset the perceived risk
- Requiring additional collateral or a co-applicant with a stronger score
Getting a home loan with no credit history (NH/NA) is difficult but possible — lenders will need to assess income, employment stability, and other financial factors in greater detail.
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Can you get a home loan with a low CIBIL score?
Yes, but with difficulty. Lenders may still approve a loan if other factors are strong — such as a high income, stable employment, significant down payment, or a co-applicant with a strong credit profile. Some specific steps that can improve your chances:
- Apply for a joint home loan with someone who has a high CIBIL score
- Add a guarantor to strengthen the application
- Offer a higher down payment to reduce lender risk
- Choose a longer tenure to reduce the EMI burden ratio
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Can a CIBIL defaulter get a home loan?
A CIBIL defaulter — someone who has missed EMIs or defaulted on past loans — can still apply for a home loan, but approval becomes significantly harder. Defaults flag you as a high-risk borrower. Steps to rebuild your profile: pay all current EMIs diligently for at least 12 months, reduce outstanding debt, boost your income, and consider including a guarantor. With consistent improvement, your score can recover over 12 to 24 months.
What are the benefits of a good CIBIL score for home loans?
- Better negotiating power: A high score gives you leverage to negotiate interest rates and processing fees
- Competitive interest rates: Lenders offer lower rates to low-risk borrowers with scores of 750+
- Higher loan sanction: A strong score may allow you to borrow a higher proportion of the property value
- Speedy processing: Applications with strong scores are processed with fewer delays and less documentation scrutiny
How to improve your CIBIL score before applying for a home loan
- Pay all existing loan EMIs and credit card dues on time — payment history is the single largest factor in your score
- Reduce your credit utilisation ratio — keep credit card usage below 30% of your limit
- Do not apply for multiple loans or credit cards simultaneously — each hard enquiry temporarily lowers your score
- Check your CIBIL report for errors and raise disputes for any incorrect entries
- Maintain a mix of secured (home loan, car loan) and unsecured (credit card) credit over time
Your CIBIL score is one of the most important numbers in your financial life — especially when applying for a home loan. A score of 750 or above puts you in the best position to access competitive interest rates and higher loan amounts. If your score needs improvement, consistent repayment discipline over 6 to 12 months can make a meaningful difference. Once you are ready, Bajaj Housing Finance offers home loans from 7.25% p.a.* p.a.* with amounts up to Rs. Rs. 15 Crore* and tenures up to 32 years years. Check your eligibility today.
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Frequently Asked Questions
About CIBIL score and home loans
What is the minimum CIBIL score Bajaj Housing Finance requires?
Bajaj Housing Finance requires a minimum CIBIL score of 725 for a home loan. A score between 725 and 749 is considered good, and the application may be approved after reviewing other financial details such as income, employment, and existing liabilities. A score of 750 or above gives you the best chance of approval with competitive terms.
How long does it take to improve a low CIBIL score?
Improving a CIBIL score is not immediate — it typically takes 6 to 12 months of consistent positive behaviour to see meaningful improvement. Paying all EMIs on time, reducing outstanding balances, and avoiding new credit applications are the most effective steps. For serious defaults, recovery may take 12 to 24 months of disciplined financial behaviour.
Does checking your own CIBIL score reduce it?
No. Checking your own credit score is called a "soft enquiry" and does not affect your score. Only "hard enquiries" — when a lender checks your score as part of a loan or credit application — can temporarily lower your score. Checking your score yourself on the CIBIL website is completely safe and is encouraged as a regular financial habit.
Can a home loan be approved without a CIBIL score?
It is possible but significantly more difficult. If you have no credit history (NH/NA), lenders will need to assess your income stability, employment history, banking behaviour, and other financial indicators in greater detail before making a decision. Some lenders may offer a loan with stricter conditions, higher interest rates, or require a co-applicant with an established credit history.
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