It is generally advisable to have a credit score of 750 or above to qualify for home loan. The higher your score, the better are your chances of your application being approved.

As a first step, lenders typically look for a minimum credit score of 750 before deciding whether to go ahead with processing your application.

Banks and other lenders will also look at your Credit Information Report (CIR), commonly referred to as a credit report, to assess your repayment behavior and whether you have defaulted on any loans. If you have several late or skipped payments in your report, or have one or more delinquent accounts, it serves as a warning signal to lenders that you have not been a responsible borrower in the past and have failed to fulfill your prior loan obligations.