If you're in the market for a home loan and are applying to multiple banks to determine which one will give you the best interest rate, don't worry about the impact of numerous home-loan applications on your credit score —  no matter what your bank tells you.

A couple from Cape Town, who asked not to be named, told Money how staff at Standard Bank recently tried to discourage them from applying to other banks for a home loan, alleging that doing so would negatively affect their credit scores.

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