How does my credit score impact the mortgage rate I can receive?

In India, your credit score plays an important role in determining the mortgage rate you can receive. Lenders consider your credit score to be an indicator of your ability to make timely payments on your debts. If you have a high credit score, typically above 750, lenders may view you as a lower risk borrower and offer you a lower mortgage rate. On the other hand, if you have a low credit score, typically below 650, lenders may view you as a higher risk borrower and offer you a higher mortgage rate or may even reject your application. Therefore, it's important to maintain a good credit score to increase your chances of getting a better mortgage rate.