New Delhi, April 9 -- A credit score is an important indicator of your creditworthiness and loan repayment capacity. It also plays a crucial role in determining your home loan eligibility and the interest rates applicable to it

Banks and financial institutions increasingly rely on an individual's creditworthiness, repayment capacity, and financial integrity to mitigate the risks of defaults or loss of loaned funds. In this context, your three-digit credit score can significantly influence the cost of borrowing and the EMI on your home loan.

As a borrower, it is essential to consistently repay all your credit card bills and previously availed personal loans to ensure your home loan application is viewed more favourably by your lender.

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