How to Improve a Low CIBIL Score

A low CIBIL score can restrict your access to credit and attract higher interest rates. Improving it requires disciplined financial habits and consistent monitoring.

• Pay Dues on Time: Always pay credit card bills and loan EMIs before the due date. Payment history accounts for 35% of your score.

• Keep Credit Utilization Low: Limit your revolving credit usage to under 30% of your total available limit.

• Maintain a Healthy Mix: Balance unsecured loans (like personal loans) with secured loans (like home or auto loans).

• Regularly Check Credit Reports: Pull your CIBIL report annually and dispute any errors or delayed status updates immediately.

• Avoid Multiple Applications: Refrain from applying for multiple loans simultaneously, as each hard inquiry negatively impacts your score.