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Home loan chat: How to get the best rates

Last updated on: February 07, 2013 14:58 IST

Join Rajiv Raj of Credit Vidya on how you can get good CIBIL score and home loan rates at 4.30 on Rediff ZaraBol.

The seeds for the requirement of a credit information bureau were sown in the Credit Information Companies (regulation) act, 2005. The Reserve Bank of India came out with regulatory framework for functioning of credit information bureaus in India. Among the various credit bureaus in India, Credit Information Bureau (India) Limited (CIBIL) has the distinction of being the first entrant.

The credit information reports are provided to member lending institutions to evaluate and approve loan applications. Today, checking credit information report has become an inevitable step in the loan application process.

Lenders prefer to lend money to borrowers with credit score of 700 and higher. Individuals too can ask for their credit information report from CIBIL by paying a small fee. The credit score of individuals through the credit reports was made available to individual since April 2011.

Rajiv Raj is a credit expert with 10 years experience in personal finance and consumer banking industry and another seven years in the credit bureau sector.


He will take questions on Rediff ZaraBol on what you can expect from home loans in the future.



Click here to post your questions and join Rajiv for a live chat on Thursday, February 7 at 4.30pm IST. Or simply scroll below