Roongta Diaries

  Buying a home can be one of the largest financial decisions in a lifetime. Whether it’s your first studio apartment, a luxury penthouse, or a home to rent as an investment, you’re likely going to need a home loan. That’s where your credit comes in. A credit score is just a three-digit number but when it comes to buying property, it can make all the difference in the world! So let’s start by explaining what steps you can take to improve your credit score and why it matters. What Exactly Is a Credit Score? You can think of your credit score like a report card for your handling of money. It is a number (between 300–900 in India) that showcases to lenders and banks how reliable you are with your finances. The higher the score, the more willingness lenders would have to lend to you. A score of 750 and above is considered good in most cases, and will unfold more options to lending. Why Your Credit Score Matters When Buying Property 1. Loan Process is Easier banks will check y...