Unlock Cheaper Home Loans: The Secret to Saving Lakhs with an 800+ Credit Score

• An 800+ credit score is key to securing the cheapest home loan rates and faster approvals.
• Banks view customers with high credit scores as highly reliable, offering lower interest rates and bargaining power.
• Maintain a Credit Utilization Ratio of 25-30% to boost your score; avoid using a large portion of your credit limit.
• Keep old credit cards active, especially those without annual fees, to demonstrate a long and strong credit history.
• Avoid new loans or credit card applications for at least 6 months before a home loan to prevent score drops and 'credit hungry' perception.

Why It Matters: Achieving an 800+ credit score is crucial for significant savings and better terms on home loans.