Why CIBIL Matters?
Your CIBIL score (ranging from 300 to 900) determines your creditworthiness. A score above 750 is considered excellent and guarantees the lowest interest rates on home loans.
750 - 900
Excellent
Instant approvals, lowest interest rates, zero processing fees.
650 - 749
Good
Loan approved, but interest rates might be slightly higher.
300 - 649
Poor
High chances of rejection. Requires co-applicant or guarantor.
How to Improve Your Score?
- 1. Always pay your EMIs and credit card bills on time.
- 2. Keep your credit utilization below 30% of your limit.
- 3. Do not apply for multiple loans or credit cards simultaneously.
- 4. Maintain a healthy mix of secured (Home Loan) and unsecured (Credit Card) loans.