Blog post summary
- Your credit score performs a critical character from inside the choosing whether or maybe not a bank approves your property loan.
- Your credit rating is dependant on facts like your peak out-of financial obligation, and exactly how timeously you pay your expense.
- Discover your credit score by using ooba Family Loans’ on line prequalification equipment, the bond Indicator.
So far as your own bank is concerned, your credit score is a significant amount more than your mind you to informs them simply how much out of a danger you are. It performs a critical character inside choosing your odds of getting acceptance into a home loan application.
What is actually a good credit score for the South Africa?
You want a credit score of at least 600 toward financial to even consider your home loan app, whenever you are something above 650 represents a good credit rating.
- 670+ = advanced
- 650 – 669 = a
- 634 – 649 = mediocre
- 618 – 633 = unhealthy
- Lower than 618 = sub-standard
How can i understand my personal credit rating?
ooba Mortgage brokers – Southern area Africa’s best home loan investigations services, makes this easy making use of their 100 % free, on the web prequalification unit, the text Sign.