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What is the minimum credit score for a home loan in South Africa?

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The minimum credit score for a home loan in South Africa is around 640. A score of 600+ will give you a fair chance of home loan approval - although this may vary according to which bank you use. A score of 670+ is considered an excellent credit score, significantly boosting your chances of home loan approval..

What Is a Credit Score?
For many South Africans, a credit score is a superficially understood concept that is never really looked into. But the reality is that, for any chance of home loan approval at a decent rate, it's worth finding out what your credit score is and how it can be improved – if needed.
24 May 2022 4AM English South Africa Business News · Investing

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