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Tata Capital > Blog > What’s Trending > CIBIL Score: Tips on How to Improve CIBIL Score Immediately

What's Trending

CIBIL Score: Tips on How to Improve CIBIL Score Immediately

CIBIL Score: Tips on How to Improve CIBIL Score Immediately

How to improve CIBIL score? If you are asking this question, this article is for you.

What is the CIBIL score?

Your CIBIL score is the deciding factor when it comes to your loan eligibility. It is based on your repayment history, credit management, debt to income ratio, and other factors representative of your overall financial health.

Here is why the CIBIL score matters

When you apply for a loan or a credit card, lenders first check your credit history and CIBIL score. If your CIBIL score is in the range of 750 and above, it means that you are a responsible borrower. So, it is likely that your lender will approve your application and give you preferential loan terms such as lower rates of interest.

On the other hand, if you have a poor credit score, you will find it hard to get your loan application approved. Furthermore, repeated rejections of loan applications will cause your credit score to plummet. So, it is best to improve CIBIL score before applying for a loan.

All you need to know about improving your CIBIL score

If you’re interested in having a deeper knowledge about how credit scores work, how to improve them, you must check our infographics. To help you out here’s all about Credit Score along with some tips to improve CIBIL score.

Now that you know all about CIBIL score, the next step is to maintain and improve your CIBIL score as needed. Follow the tips given and your CIBIL score will increase over time.

How to improve CIBIL score immediately

How to improve CIBIL score immediately? Well, there is no shortcut, hacks, or quick tips to improve CIBIL score instantly. The real question is: how to improve CIBIL score in the shortest time possible? Well, the fastest way to stay on top of your credit health and maintain a good CIBIL score is to monitor it regularly.

Check your CIBIL score now

Want to check your CIBIL score online? You can do so in no time with Tata Capital. Check out your credit score for free here. All you need to do is enter a few personal details and you are done. If you are one of our existing customers, you can access it instantly using your registered mobile number. It is that easy!

So, monitor your credit score regularly and keep track of its value. If your CIBIL score is low, don’t worry. Instead, use our tips to improve your credit score. By doing so, you will have hassle-free loan approvals in the future.