{"id":7096,"date":"2022-10-17T17:34:44","date_gmt":"2022-10-17T12:04:44","guid":{"rendered":"https:\/\/blog.ruloans.com\/?p=7096"},"modified":"2025-01-13T11:20:29","modified_gmt":"2025-01-13T11:20:29","slug":"4-ways-to-boost-your-cibil-score-for-faster-credit-approvals","status":"publish","type":"post","link":"https:\/\/www.ruloans.com\/blog\/4-ways-to-boost-your-cibil-score-for-faster-credit-approvals\/","title":{"rendered":"4 ways to boost your CIBIL score for faster credit approvals"},"content":{"rendered":"<hr class=\"wp-block-separator has-alpha-channel-opacity\" \/>\r\n\r\n\r\n<p>&nbsp;<\/p>\r\n\r\n\r\n\r\n<h3>Introduction<\/h3>\r\n\r\n\r\n\r\n<p>CIBIL is a leading Credit Bureau in India that generates individual credit score reports. A\u00a0CIBIL score\u00a0is a reflection of an individual&#8217;s credit history. Lenders look at the borrower&#8217;s credit score or\u00a0CIBIL score\u00a0to evaluate whether to give them a loan or not.\u00a0CIBIL score\u00a0is also used for many other financial products and loan approvals. Lenders often classify customers depending on their credit score. The lender&#8217;s policies and the\u00a0CIBIL score\u00a0of the borrower will determine the rate of interest payable as it determines the financial risk associated with the borrower.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>Get your\u00a0<a href=\"https:\/\/www.ruloans.com\/credit-card.htm\" target=\"_blank\" rel=\"noreferrer noopener\">credit card<\/a>\u00a0today!<\/p>\r\n\r\n\r\n\r\n<p>\u200b<\/p>\r\n\r\n\r\n\r\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_82_2 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.ruloans.com\/blog\/4-ways-to-boost-your-cibil-score-for-faster-credit-approvals\/#What_is_a_good_CIBIL_score\" >What is a good CIBIL score?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.ruloans.com\/blog\/4-ways-to-boost-your-cibil-score-for-faster-credit-approvals\/#Maintain_a_Good_Repayment_History\" >Maintain a Good Repayment History<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.ruloans.com\/blog\/4-ways-to-boost-your-cibil-score-for-faster-credit-approvals\/#Reduce_Credit_Use\" >Reduce Credit Use<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.ruloans.com\/blog\/4-ways-to-boost-your-cibil-score-for-faster-credit-approvals\/#Report_Discrepancies_in_your_Credit_Report\" >Report Discrepancies in your Credit Report\u00a0<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.ruloans.com\/blog\/4-ways-to-boost-your-cibil-score-for-faster-credit-approvals\/#Pay_Bills_Timely\" >Pay Bills Timely<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.ruloans.com\/blog\/4-ways-to-boost-your-cibil-score-for-faster-credit-approvals\/#Conclusion\" >Conclusion<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"What_is_a_good_CIBIL_score\"><\/span>What is a good CIBIL score?<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>CIBIL score\u00a0can be anywhere from 300 to 900, and it is better to have a higher score, as the higher, the better. You require a\u00a0CIBIL score\u00a0above 750 if you need to get a loan sanctioned. A\u00a0CIBIL score\u00a0of less than 750 means the lending institution will outright deny you a loan or offer it at exorbitantly higher interest rates. It is best to have and maintain a\u00a0CIBIL score\u00a0of over 750 and as close to 900 as possible. A good\u00a0CIBIL score\u00a0equates to having good financial habits and well-being. You get a loan on affordable, flexible terms with a good\u00a0CIBIL score. Institutions determine your capability and creditworthiness to repay the loan you borrowed on time.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>You should know what factors affect your credit score and try to improve it. It shows you are good with money and take care of yourself financially. You can quickly improve your\u00a0CIBIL score. Let us see four ways of\u00a0how to increase your CIBIL score:\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Maintain_a_Good_Repayment_History\"><\/span>Maintain a Good Repayment History<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>The most important and easiest way to increase your credit score or\u00a0CIBIL score\u00a0is to have a good history of debt repayment. It is why people who want to increase their\u00a0CIBIL score\u00a0avail of loans and try to repay them through EMIs timely. It helps in improving and increasing the\u00a0CIBIL score.\u00a0In other words, it creates good debt repayment history. If you handle your car or home EMIs properly and pay it in full, keeping the terms and conditions of the agreement in mind, it is called good debt. Good debt will contribute to increasing your credit or\u00a0CIBIL score.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>Get your\u00a0<a href=\"https:\/\/www.ruloans.com\/credit-card.htm\" target=\"_blank\" rel=\"noreferrer noopener\">credit card<\/a>\u00a0today!<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Reduce_Credit_Use\"><\/span>Reduce Credit Use<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>How to increase your CIBIL score\u00a0quickly? Never breach your limit on your credit card. It would be best if you utilized a maximum of 30% monthly credit. Not exceeding 30% of your credit limit monthly will do wonders for your\u00a0CIBIL score. For instance, if you have a credit limit of Rs. 10 lakh, ensure you do not use more than Rs. 3 lakh. It would equate to 30% of your credit limit. If you require more funds, first repay the existing debt before applying once more. Borrowers who use more than 30% of their credit limit will generally have a lower CIBIL and credit score. The interest rate they will have to pay on loan will generally be higher.<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Report_Discrepancies_in_your_Credit_Report\"><\/span>Report Discrepancies in your Credit Report\u00a0<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>Your credit report might have discrepancies sometimes. For example, your lender might not have reported to CIBIL of your timely payments on time. It could result in reducing your credit or\u00a0CIBIL score.\u00a0Being a borrower, you must check your\u00a0CIBIL score\u00a0regularly and ensure there are no discrepancies. In case you spot any discrepancy, report it immediately and get it fixed. Many institutions allow you to check your\u00a0CIBIL score\u00a0for free on their apps or websites. Just register and provide the necessary details to find out your\u00a0CIBIL score.\u00a0<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Pay_Bills_Timely\"><\/span>Pay Bills Timely<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>Ensure to pay back your dues in full and on time. Dues include EMIs, credit card payments, etc. Set up payment reminders, so you don&#8217;t forget any pending or upcoming payments. Missing a due payment will negatively affect your\u00a0CIBIL score. It is essential to pay your bills on time as it will help you increase your\u00a0CIBIL score.\u00a0You can use different reminders on apps on your phone or desktop as technology can help you remember your payments and even set up automatic payments on various apps.\u00a0<\/p>\r\n\r\n\r\n\r\n<p>Get your\u00a0<a href=\"https:\/\/www.ruloans.com\/credit-card.htm\" target=\"_blank\" rel=\"noreferrer noopener\">credit card<\/a>\u00a0today!<\/p>\r\n\r\n\r\n\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Conclusion\"><\/span>Conclusion<span class=\"ez-toc-section-end\"><\/span><\/h2>\r\n\r\n\r\n\r\n<p>You can require a loan at any time, and to ensure that your loan gets sanctioned and at a lower interest rate, you should have a good credit or CIBIL score. Always try to follow the above practices, maintain a good CIBIL score, and increase it.\u00a0<\/p>\r\n\r\n\r\n\r\n<h3 class=\"wp-block-heading\">FAQs<\/h3>\r\n\r\n\r\n\r\n<p><strong>Q1. How to increase your CIBIL score?\u00a0<\/strong><\/p>\r\n\r\n\r\n\r\n<p>A1. Here are a few tips to increase your CIBIL score:<\/p>\r\n\r\n\r\n\r\n<ul class=\"wp-block-list\">\r\n<li>Reduce Credit Use<\/li>\r\n<li>Maintain a Good Repayment History<\/li>\r\n<li>Report Discrepancies in your Credit Report\u00a0<\/li>\r\n<li>Pay Bills Timely<\/li>\r\n<\/ul>\r\n\r\n\r\n\r\n<p><strong>Q2. What is a CIBIL score?<\/strong><\/p>\r\n\r\n\r\n\r\n<p>A2. A\u00a0CIBIL score\u00a0is a reflection of an individual&#8217;s credit history.\u00a0<\/p>\r\n\r\n\r\n\r\n<p><strong>Q3. How to ensure timely repayments?<\/strong><\/p>\r\n\r\n\r\n\r\n<p>A3. You can use different reminders on apps on your phone or desktop as technology can help you remember your payments and even set up automatic payments on various apps.\u00a0<\/p>\r\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Introduction CIBIL is a leading Credit Bureau in India  [&#8230;]<\/p>\n","protected":false},"author":1,"featured_media":7099,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_bbp_topic_count":0,"_bbp_reply_count":0,"_bbp_total_topic_count":0,"_bbp_total_reply_count":0,"_bbp_voice_count":0,"_bbp_anonymous_reply_count":0,"_bbp_topic_count_hidden":0,"_bbp_reply_count_hidden":0,"_bbp_forum_subforum_count":0,"footnotes":""},"categories":[73],"tags":[],"class_list":["post-7096","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-credit-score"],"rttpg_featured_image_url":{"full":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1.jpg",1024,512,false],"landscape":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1.jpg",1024,512,false],"portraits":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1.jpg",1024,512,false],"thumbnail":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-150x150.jpg",150,150,true],"medium":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-300x150.jpg",300,150,true],"large":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1.jpg",1024,512,false],"1536x1536":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1.jpg",1024,512,false],"2048x2048":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1.jpg",1024,512,false],"blog-large":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-669x272.jpg",669,272,true],"blog-medium":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-320x202.jpg",320,202,true],"recent-posts":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-700x441.jpg",700,441,true],"recent-works-thumbnail":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-66x66.jpg",66,66,true],"fusion-200":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-200x100.jpg",200,100,true],"fusion-400":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-400x200.jpg",400,200,true],"fusion-600":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-600x300.jpg",600,300,true],"fusion-800":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-800x400.jpg",800,400,true],"fusion-1200":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1.jpg",1024,512,false],"portfolio-full":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-940x400.jpg",940,400,true],"portfolio-one":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-540x272.jpg",540,272,true],"portfolio-two":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-460x295.jpg",460,295,true],"portfolio-three":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-300x214.jpg",300,214,true],"portfolio-five":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1-177x142.jpg",177,142,true],"menu-24x24":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1.jpg",24,12,false],"menu-36x36":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1.jpg",36,18,false],"menu-48x48":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1.jpg",48,24,false],"web-stories-poster-portrait":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1.jpg",640,320,false],"web-stories-publisher-logo":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1.jpg",96,48,false],"web-stories-thumbnail":["https:\/\/www.ruloans.com\/blog\/wp-content\/uploads\/2022\/10\/CIBIL_Score1.jpg",150,75,false]},"rttpg_author":{"display_name":"Ruloans Team","author_link":"https:\/\/www.ruloans.com\/blog\/author\/admin\/"},"rttpg_comment":0,"rttpg_category":"<a href=\"https:\/\/www.ruloans.com\/blog\/credit-score\/\" rel=\"category tag\">Credit Score<\/a>","rttpg_excerpt":"&nbsp; 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