Unlock Cheaper Home Loans: The Secret to Saving Lakhs with an 800+ Credit Score
Money
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News18•19-01-2026, 21:16
Unlock Cheaper Home Loans: The Secret to Saving Lakhs with an 800+ Credit Score
- •An 800+ credit score is key to securing the cheapest home loan rates and faster approvals.
- •Banks view customers with high credit scores as highly reliable, offering lower interest rates and bargaining power.
- •Maintain a Credit Utilization Ratio of 25-30% to boost your score; avoid using a large portion of your credit limit.
- •Keep old credit cards active, especially those without annual fees, to demonstrate a long and strong credit history.
- •Avoid new loans or credit card applications for at least 6 months before a home loan to prevent score drops and 'credit hungry' perception.
Why It Matters: Achieving an 800+ credit score is crucial for significant savings and better terms on home loans.
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