CIBIL Score

The Reserve Bank of India (RBI) has announced six changes to CIBIL scores, all effective from January 1, 2025. These new guidelines aim to make credit reporting more transparent, accurate, and consumer-friendly.

Worried about a low credit score affecting your loan application? Don't be! Discover four simple yet effective tips to improve your credit score and increase your chances of loan approval.

A CIBIL score is super important for getting any loan approved. It's a three-digit number that sums up your past borrowing. You can build a good credit score even without a credit card.

There are a few simple ways to improve your credit score in 30 days. Timely bill payments, a low credit utilization ratio, and a credit card limit increase are key.

Achieving and maintaining this stellar score signals to lenders, insurers, and even potential employers that you are a responsible and trustworthy individual.

Personal loans are typically unsecured, meaning no collateral is required if you have a good CIBIL score.

If you are planning to apply for personal loan, here are a few tips that you can follow to improve your chances of getting loan approval: