Cibil Report says NH or (-1) score, Will it affect taking homeloan with ICICI?

POSTED BY vinesh ON November 9, 2012 8:00 pm COMMENTS (25)

Hi,

 

I do not have any Loan or Credit Card, or any defaults so far, I recently got my cibil credit report, it is mensioned as NH(No History) and a score of -1, Will that affect my application of home loan with ICICI Bank.

25 replies on this article “Cibil Report says NH or (-1) score, Will it affect taking homeloan with ICICI?”

  1. Rahul Aggarwal says:

    I applied for credit card with standard chart..citi..amex And hdfc bank..all rejected my application because cibil rating is NH. I have never taken loan or been a defaulter…infact I applied for credit card against 1 lac FD with Icici. Still no luck..please help what should I do???

    1. NH means NO HISTORY, and even some companies are rejecting applications on that basis means they are saying that we cant trust you because we have no idea about your history.

      In this case, you should open a FD and take a secured credit card and first build your credit history for time being

      Manish

  2. pritam biswas says:

    I had applied for credit card of Axis Bank and Hdfc Bank they says i have cibil problem, My cibil report says ‘NH’, what is the meaning and how do i increase that?

    1. That means that you do not have any repayment record with CIBIL .

  3. Sunil Kumar says:

    HI
    I do not have any Loan or Credit Card, or any defaults so far, I recently got my cibil report, it is mentioned as NH (-1) and i have been apply for the SBI Credit card . but my application was rejected. is there any problem with NH in cibil report. please suggest me what should i do.

    1. Please check this with CIBIL

  4. Charan says:

    Hi

    I have checked my CIBIL Report today and it is showing that “NA”. I have taken two loans in NBFC and cleared in time and iam holding a ICICI Credit card since 6 months . But still why iam marked as NA. can you please help me in suggesting my query . now iam planning to take home loan but after seeing NA i was shocked ..

    1. You need to check this with the lender !

  5. luv says:

    my credit score is na but i am using a hdfc banks credit card for past 14 months so what should i do

    1. It means that there is no enough data to generate a score ..

  6. ksivabhaskar says:

    I dont have any existing and past loans and credit cards and also I dont have any check bounces .I have recently applied for a HDFC and AXIS credit cards, but the applications are rejected due to internal score parameter.
    So please suggest me what is the reason for rejecting my application?
    What are the steps I need to follow to get credit card?

    1. Hi ksivabhaskar

      This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that

      Manish

      1. Shravya Boggarapu says:

        I had a similar experience with Citibank. The fact that I have not taken a load or credit card before was the only cause for them to reject my application. How can I rectify it? Please let me know. It is important.

        1. Hi Shravya Boggarapu

          This is very specific query which you should follow up with the concerned authority only. We wont be able to comment on that

          Manish

  7. Swetha says:

    I have applied for personal loan. but my application was rejected. The reason they told is cibil score is -1. After that i go with credit card. Now I paid four months full due amount on due date correctly. Now my cibil score is NA. Can I get personal loan if apply now?

    1. More than score, its the report remarks which should be an issue here. Did you have a look at the remarks in the report ? Is there any issue in that ?

  8. PrinceJain says:

    HI
    I do not have any Loan or Credit Card, or any defaults so far, I recently got my cibil credit report, it is mentioned as NH and i have been apply for the HDFC bank Credit card . is there any problem with NH in cibil report for applying
    for the same

  9. anuradha says:

    hello sir ,

    I had 2 loans in past whcih had bounches but were later selleted , and i have no loan for last few years , and my Cibil score is NH , so request you to help to understand , if i can still apply for Home loan or no .

  10. Dear Vinesh, I do hope by now disbursal has been done & now you are repaying your home loan. Any other help you need at this point of time or want to update some thing, you are welcome.

    thanks

    Ashal

  11. vinesh says:

    Just for future reference

    Yeah It is APPROVED…. I have no CIBIL History,

    Thank you for choosing ICICI Bank Home Loans.Your application is approved .Our Branch Sales manager will contact you within 2 days

    Loan Amount (in Rs.) 3000000
    Tenor (in months) 240
    EMI (in Rs.) 29449

    1. CreditReport Guru says:

      Congratulations. CIBIL is not be all, end all.

      I know that banks have started to use other bureaus (such as Experian and Equifax ) for CIBIL No-hits. So most likely you have a credit report with either of these 2 credit reporting agencies (even just with inquiry segment).

      Nevertheless, congratulations and make a promise to pay your home loan EMIs always on time.

      C G

  12. vinesh says:

    I already applied for home loan with no credit history :P. Its been 4 days now, no update from them now so far, I have good salary and IT returns, I have submitted them all documents they are doing some verifications regarding work experience,current address and new house, will keep you updated how it goes, Thanks for your reply.

  13. Gaurav Thakur says:

    That’s rightly said Manish. The only problem in getting a credit card is, there too CIBIL score check is a criteria for the grant of Credit card. I would recommend apply for a HDFC credit card as they have relaxed the CIBIL score criteria in the past. In fact my first credit card was a HDFC credit card and I did not have a bureau history.

    You should ask the bank, where they grant loans to customers with no credit history. As far as I know there are different underwriting criterions for customers with credit history and without one. As Manish said, your salary and your financial position comes into play.

    1. Yes, i agree to that . But some banks still give you credit card if your position is really good and you have long term banking relationship . and in these kind of cases , better to apply for a secured credit card against a fixed deposit for time being , just for the sake of getting the card .

      Manish

  14. Thats means you have no history ! .

    Now its totally on the bank on how they want to look at it . Just because you dont have a history , it does not mean bank will like it, they might want to give loans to only those who have some kind of history ! . So there are chances that bank rejects your application on this basis , However this does not always happen . Now its up to your salary and overall financial position !

    I recommend that you go for a credit card in few weeks so that you get some kind of history at least . it wil help if not hurt !

    Manish

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