POSTED BY March 10, 2014 4:44 pm COMMENTS (9)ON
Me and my husband are planning to take a housing loan worth of 55,00,000. My husband loan is approved for 45,00,000. The rest we need to pay as down payment. We actually dont have that much cash in hand now. I am planning to take a personal loan for 6L which my salary is net 75,000. The problem is I dont have a credit history. One of my relatives suggested to apply for a secured credit card worth 50,000 for 3 or 4 month to establish credit history. Please suggest if this plan works and what would be the cibil score after 3 months.