Your CIBIL score is one of the most important eligibility considerations when applying for a house loan. Certain enticing perks and services are available if you have a good CIBIL score. As a result, most people with a low CIBIL score have difficulty obtaining credit. It is a common myth that if you have a low credit score, you would be unable to obtain a house loan. Some people are even concerned about being denied a house loan if their CIBIL score falls below 650. In this circumstance, lenders often demand a hefty interest rate. Only with a credit score of at least 700 out of 900 can you successfully qualify for a house loan.