![]() ![]() Following are the steps through which you can check the CIBIL score:ģ) Click on ‘Click here’ to get your free annual CIBIL scoreĤ) Type in your name, e-mail ID, and password. So, in order to get the cheapest interest rate of 8.4 per cent from SBI, one has to have a CIBIL score of above 800.ĬIBIL provides one report a year without any charge. Those having a CIBIL score of 650-699 can get the home loan at 8.85 per cent, and those with the 550-649 score can get it at 9.05 per cent. It normally offers regular home loan at 8.55 per cent for those having a CIBIL score above 800, 8.65 per cent to those having a score of 750-799, 8.75 per cent to those with 700-749 CIBIL score. For instance, on home loans, State Bank of India (SBI) offers interest rates on loans based on the credit score of the borrower. Also, the CIBIL report (which has the CIBIL score as a part) reveals whether the person has ever defaulted on any repayment in the past.Īpart from easy approval of the loans, the CIBIL score also helps the borrowers get cheaper loans. The score gives an overall indication of the individual’s creditworthiness and history. Generally, a score above 750 is considered good where the chances of loan approval become higher. It scales the credit discipline of the person between 300 and 900. Apart from this, there are zero processing fees on SBI’s regular and top-up home loans.ĬIBIL score is a credit score of an individual. ![]() During the ongoing festive season, it is now offering home loans in the range of 8.40-9.05 per cent depending upon the CIBIL score, compared with the normal rates of 8.55-9.05 per cent. ![]() State Bank of India (SBI), the country’s largest lender, is offering a concession of 15-30 basis points on its home loans from October 4, 2022, to January 31, 2023. ![]()
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