How to Get a Mortgage Loan if you’re on the CIBIL Defaulter’s List Your financial history is recorded in a report so potential lenders can gauge if you’re a responsible or unreliable borrower. One wrong move and you will witness a dip in your score. However, defaulting on your loan is one of the biggest financial mistakes you can make. home loans , mortgage loan , loan against property , housing loan , home construction loan , flat purchase loans , mortgage loan process , house for sale