Can I Buy A House With A 735 Credit Score

Your credit score is a key determinant on home loans. A credit score of 735 is considered good, and can get you a loan to buy your dream house. 

Credit scores in India are given by 4 credit bureaus - CIBIL™, Experian, Equifax, and Highmark. This important number ranges between 300 and 900; where 700 and above is considered good, and 600 and below is considered bad. 

For a home loan, lenders seek a credit score of at least 700 and above. Such a good score will get you the lowest interest rates and a high loan amount. 

Your credit score is calculated based on various parameters - such as the amount you have borrowed, the amount you have repaid, the frequency of your repayments, the current status of your loans, the past performance of your loans, and the current status of your credit report. 

If your credit score is below 700, you can easily fix it with a few changes to your financial management - such as by paying off your debt, repaying on time, and avoiding new loans. A few months of careful money management can help you achieve a good credit score.

Since your score has already crossed 735, you will also be rewarded with the lowest interest rates and the highest loan amounts. You can use these to purchase your dream house.