Credit Score Model

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GRUH offers loans to individuals for purchase / construction of dwelling units in 10 states of India through its network of 184 branches. GRUH offers loans to salaried individuals, business segment as well as self employed individuals. To assess the various segments it operates in and bring in uniformity in its appraisal methods, GRUH has developed its own Credit Score model wherein each individual customer is assessed on 22 credit parameters covering the aspects of income, family, assets, liabilities, saving and asset creation tendencies etc.

For each loan product, GRUH has set an ROI band and based on the individual credit score, the customer is offered a rate of interest on the loan within the band.

The credit score model has been validated by an independent agency viz. CRISIL and they have confirmed the working of the model.