For Home Loans, Your Credit Score Might Be More Crucial Than Your Salary; Discover Why

Entertainment National Sports Markets Business & Economy Lifestyle World Astrology & Religion Technology Education & Jobs Auto Politics Viral Opinions

Loading more articles...

Credit Score vs. Salary: Why Your Credit History Dominates Home Loan Approvals

Banks review past borrowing patterns before deciding how much exposure they are willing to take

M

Moneycontrol•25-02-2026, 17:57

Credit Score vs. Salary: Why Your Credit History Dominates Home Loan Approvals

•Credit history often outweighs salary in home loan approvals, determining loan sanction and rates.
•Lenders view credit record as a long-term behavior indicator, crucial for 20+ year home loans.
•Past borrowing patterns, including credit card delays and multiple loan inquiries, raise red flags.
•Strong credit scores lead to better rates, faster processing, and flexible terms, impacting total repayment significantly.
•Improve your score by paying EMIs on time, keeping credit utilization low, and reviewing reports early.

Read Full Article on Moneycontrol in English

✦

More like this

✦

More like this

CIBIL स्कोर क्रेडिट हिस्ट्री के आधार पर तय होता है.

Loan Rejected? Boost Your CIBIL Score Instantly with 5 Free Tricks!

लोन फोरक्‍लोजर के नियम अच्‍छे से जानना बहुत जरूरी है.

Early Loan Repayment: Does it Hurt Your Credit Score? Know Before You Foreclose!

While physically fit individuals can naturally have a lower resting heart rate without any concern, ongoing exhaustion that does not improve with rest may indicate that the heart is not pumping enough blood to meet the body’s needs.

Persistent Fatigue? It Could Be Bradycardia, Says Cardiologist Dr. Sajan Ahmad

Representational image (Image: News18)

Boost Your Home Loan Eligibility: 5 Hacks to Secure Your Dream Home

प्रेशर कुकर में खाना पकाना आमतौर पर सुरक्षित माना जाता है.

Pressure Cooker: Friend or Foe? Unpacking the Health Debate & Cooking Facts

ভারতে বেশিরভাগ বিনিয়োগ অত্যন্ত সুরক্ষিত বিনিয়োগ বলে মনে করা হয় যদি বিনিয়োগকারী ফিক্সড ডিপোজিট এফডির বিষয়টি অত্যন্ত ভরসার ৷ প্রতীকী ছবি ৷

Beyond FDs: Boost Savings, Cut Taxes with Smart Investments!