How does my credit score impact the mortgage process?

Your credit score is an important factor in the mortgage process in India. Lenders typically use credit scores to evaluate the risk of lending money to borrowers. A higher credit score can increase your chances of getting approved for a mortgage and may also qualify you for a lower interest rate.

In India, credit scores are issued by several credit bureaus, such as CIBIL, Equifax, Experian, and CRIF High Mark. Lenders typically use the credit scores issued by these bureaus to evaluate your creditworthiness.

To qualify for a mortgage in India, a good credit score is usually considered to be above 750. If your credit score is lower than this, it may be more difficult to get approved for a mortgage, and you may need to pay a higher interest rate. Therefore, it's important to check your credit score before applying for a mortgage and take steps to improve it if necessary.