New Delhi, June 2 -- A credit score of 500 is considered as a poor score by leading credit bureaus such as CRIF High Mark, CIBIL, Equifax, Experian among others. Such a score significantly diminishes the likelihood of home loan clearance and approvals in seamless fashion.

Especially if you consider applying for a home loan with mainstream banks and housing finance companies. Most of the leading banks such as HDFC Bank, ICICI Bank, Axis Bank among others prefer applicants with a credit score of 650 or higher with scores above 750 considered ideal for easy and favourable loan terms.

Most of the leading bankers, investment professionals are of the opinion that one should be diligent about building his credit profile and reputation as lende...