For every home buyer, the most important thing is to get the home loan application accepted by the lender. But this can be challenging for a person who has a low CIBIL score. And most people learn that after their home loans are rejected. Hence, it’s great to know where you stand financially before you are rejected by a lender so that you can make improvements to your CIBIL score.
Benefits of maintaining good credit score:
Other than the abovementioned benefits, you also have the opportunity to negotiate or even waive processing fee and choose prepayment option as well.
Getting your credit information report is imperative
Your credit report gives you the true sense of where you stand financially and helps you making better plans for finances in the future. With credit information at hand, you can escape debt traps and keep track of your borrowings and unnecessary credit exceedings. This helps you make better choices in terms of obtaining new credits, consequently making you a better financial planner.
Where can you find your CIBIL credit score ?
CIBIL maintains records digitally and everyone can access this information online by submitting your details and a nominal fee of Rs. 470. You can simply check your credit score online following these steps:
In case your authentication fails, all you have to do is fill the application form, print it and send the hard copy to CIBIL by post and you will receive your report in a few days by post as well.
Do you think CBDT should extend Tax Audit Report and relevant ITR Due Date? Please Comment, Vote, Retweet and Like.— Tax Guru (@taxguru_in) September 18, 2018