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What is the minimum CIBIL™ score needed for an SBI home loan?

SBI has minimum CIBIL™ score criteria of 650 to be eligible for their home loans.

What is the Defaulters List?

CIBIL™ does not maintain any official defaulter list which keeps a record of the persons who have defaulted in any way. Similarly, other credit rating agencies also do not have any defaulter’s list. Hence there is no question of removing someone’s name from such a list.

CIBIL™ allows a person to check their credit score for free or at periodic intervals for a paid subscription. Lenders always confirm the credit score of a person before sanctioning a loan to them. The rates of interest on loan products are also heavily influenced by the credit score of a person. Therefore, it is essential to avoid being categorized as a defaulter, which can lower your credit score.

Why does your CIBIL™ score matter for SBI home loans?

Home loans are loans provided to borrowers who wish to purchase or build their own home. It is a secured loan with the house as collateral with SBI till the loan is repaid fully by the borrower as per the agreed terms and conditions of the home loan agreement.

Apart from the basic eligibility criteria for availing of an SBI Home Loan, the bank looks at your CIBIL™ score also while approving the loan. CIBIL™ score thus forms an important aspect of the SBI home loan process.

Having a good credit score will guarantee approval of your SBI Home Loan at an early stage without any kind of difficulty. CIBIL™ score helps SBI in determining your eligibility and creditworthiness to avail the home loan, otherwise, the bank suffers a loss on account of default by borrowers. SBI will evaluate your comprehensive CIBIL™ credit report including key parameters like past loans, their repayment patterns, past default on loan and credit cards etc.

What is a good CIBIL™ score?

CIBIL™ score relates to a 3-digit numeric summary in the range of 300-900. This credit score is part of the main CIBIL™ credit information report provided by CIBIL™ - a leading credit bureau in India.

  • Any CIBIL™ score between 750-900 is a good CIBIL™ score increases your chances of availing of an SBI Home Loan, as the bank is confident in your potential loan repayment capacity based on your prudent past financial behaviour.
  • A CIBIL™ score in the range of  550-749 is considered an average score by lenders, including SBI, which considers an average score as entailing a certain risk on the part of the borrower. Even with a moderate credit score, SBI may still consider you eligible for a home loan provided you meet other home loan eligibility criteria but such approval will come at a higher cost for the borrower.
  • A CIBIL™ score below 550  indicates poor credit score and poor financial behaviour on the part of the borrower, leading to outright rejection of loans.

Always ensure a high CIBIL™ score as this will certainly increase your chance of availing of SBI Home Loan faster and easily, even with better terms.

What are the benefits of a good CIBIL™ score?

Having a good CIBIL™ score is very beneficial for borrowers due to

  • Faster approval of your SBI home loan without any difficulty
  • Better home loan terms like a lower rate of interest
  • SBI provides various home loan options with attractive terms
  • Better position to negotiate for attractive home loan offers with SBI
  • Good continual relationship between SBI and borrower, leading to borrower getting better loan benefits

What is the reason for a low CIBIL™ Score?

Common reasons for a low CIBIL™ score include

Outstanding or Late Payments

If there are any outstanding on your past loans or you have delayed in payment on your current debt, then this adversely affects your CIBIL™ score and greatly reduces your chances of getting a home loan approved by SBI.

Higher Unsecured Loans 

Having a higher percentage of unsecured loans against secured loans will also negatively impact your CIBIL™ score to a great extent. So, always ensure a good balance between secured and unsecured loans, as SBI considers unsecured loans as riskier due to there being no collateral.

Overutilization of Credit Limit 

Usage of the credit limit on your various credit card bills also reflects the credit behaviour and the CIBIL™ score of the borrower. Any overutilization of the sanctioned credit card limit which exceeds 30% or above shows financial indiscipline on the part of the borrower, which could lead to a low credit score.

Multiple Loans 

Having multiple loans at one time also adversely impacts your CIBIL™ score, as SBI considers borrowers with multiple loans as individuals with a high debt appetite which could increase their chances of a potential default on loans.

State Bank of India (SBI) is the largest public sector bank in India with a 20% market share in the loan and deposit sector under the commercial bank category. SBI offers its huge customer base a variety of loans – personal loans, home loans, vehicle loans and other related loans.

CIBIL™ score is one of the key criteria evaluated by banks before approving any SBI Home Loans in India. Your past credit information and repayment behaviour which is captured in the CIBIL™ score is very vital for SBI as it helps the bank to evaluate your creditworthiness and potential financial capability to repay SBI Home Loan in a timely manner.


1. What is the minimum CIBIL™ score for SBI home loans?

SBI requires a minimum CIBIL™ score of 650 to be eligible for a home loan. However, there are other factors that affect the eligibility for a home loan. They are:

  • Age
  • Salary
  • Occupation
  • Property type

The criteria will vary from lender to lender depending on the eligibility.

2. Does the CIBIL™ score affect SBI home loan eligibility?

Yes. The CIBIL™ score impacts your eligibility for SBI home loans. If you have a good CIBILTM score, then eligibility terms become simpler and your loan application gets approved easily. If your score is low, then you may not get good offers, such as flexible loan tenure, high loan amount, and lower rates of interest. But, there are other factors that affect your eligibility for SBI home loans, and the lender takes all the factors into consideration before making a decision.

3. What is the effect of delayed or missed payments on the CIBIL™ score?

A single missed payment can reduce your CIBIL™ score and decrease your creditworthiness. Banks may refuse to give loans and credit card issuers who check the credit profiles of their customers in regular periods may reduce the credit limit on the card if the CIBIL™ score is low.

4. What are the benefits of SBI home loan?

SBI home loans have the following benefits:

  • Affordable interest rates
  • Loan amounts can be availed up to Rs. 10 crores
  • SBI home loans are available for NRIs and rural residents also.
  • Easy loan approval process
  • Simple documentation process

It is essential to maintain a good credit score in order to avail of SBI home loans and reap their benefits. There are 4 credit bureaus- CIBIL™, Equifax, Experian, and CRIF Highmark offering credit scores in India. CreditMantri’s credit score is powered by Equifax. CreditMantri helps you check your credit score for free and download a free credit report.

5. How do multiple personal unsecured loans affect your credit score in a negative way?

More number of personal (unsecured) loans affect your credit score in a negative way because such loans have high-interest rates as compared to other loans like home loans, vehicle loans etc. It is more likely to result in defaults.


The 4 credit bureaus- CIBIL™, Equifax, Experian, and CRIF Highmark offer credit scores in India. The points mentioned above are true for credit scores and reports from any bureau.

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