A CIBIL Score is a three digit number based on the credit of payment in the bank account. The credit score also reflects the credit history which forms the CIBIL Report. This report also depends on the loan repayment history. If a customer pays his loan easily then he gets a better CIBIL Score. If any reason the customer is unable to repay his loan or delays the payment, this also affects the CIBIL Score so here are some tips How To Increase Low CIBIL Score? If the customer has a 700 to 900 range score then it is called the good CIBIL Score.
How To Increase Low CIBIL Score?
A low CIBIL Score can’t give you the best personal loans at low interest rates so you need to increase CIBIL Score. Its permanent solution is to make payments on time, increase the amount in the Bank Account, clear the loan payments and credit card EMIs but the CIBIL Score has not increased unexpectedly. Apart from this, there are many other factors which affect the CIBIL Score, complete information about How To Increase Low CIBIL Score? below-
- You can look at the errors carefully in your Credit Report and after checking it try to correct them. This inquiry becomes helpful and gives you a chance to increase your CIBIL Score. It is applicable if your CIBIL score is in between 600 to 700.
- If the customers have not paid timely EMIs so the CIBIL Score gets lower and after that the personal loan is not approved at best interest rates. So, you have to pay all the EMIs from time to time.
- If you want to take a loan and your CIBIL Score is not showing well, then one reason for this could be that there is a decrease in transactions in your bank account. To improve this, you have to start with a small loan and by paying the loans EMIs on time, the score can improve to a great extent.
- Taking multiple loans at the same time and making inquiries about them can also affect the CIBIL Score. It is better that you do not take more than two or three loans at a time and do not try to take a loan above the amount of your savings account.
- You also have to pay your credit card EMI on time so that your CIBIL Score is not affected much and your score increases. Apart from this, you have to keep your credit ratio below 30%.
- Pay off all your old loans so that they can be closed. It will be helpful and promoted through the new loans. If you have to take a second loan, calculate the amount in advance so that there is no shortfall in payment, paying on time will improve your credit score.
Which is the Best CIBIL Score?
Customers are getting their three digit number which is ranging between 300 to 900 and this number is based on the repayment history, loan payments, credit card EMIs and amounts. Generally, 700 to 750 range score is the good score and between 751 to 900 CIBIL Score is the best score so the customers will get the quick loans at low rates. On the other hand, the score between 500 to below 300 is a very poor score and in some cases the personal loans will be approved at high rates. The CIBIL scores and their performance are given below –
| CIBIL Score | Performance | Probability of Personal Loan |
| 800-900 | Best CIBIL Score | Quick loans at low interest rates. It is also the strongest profile. |
| 700-600 | Good CIBIL Score | Get a loan at moderate interest rates. |
| 500-400 | Low CIBIL Score | Loan approval is becoming difficult and approved at high interest rates. |
| 300-100 | Poor CIBIL Score | Personal loan is not approved at this score and if the personal is approved then it will take highest interest rates. |
How To Check CIBIL Score?
Customers can check their CIBIL Score online for free and they can also check through the CIBIL Score’s partners. For the better knowledge, you can also use CIBIL Mobile App and the steps are given below –
- The seekers must proceed to the CIBIL Mobile App.
- Search the option of Get Free CIBIL Score and choose it.
- Registered themselves as a new user and filled in the asking details.
- Make a payment at the APP which is in between 1200 Rs., 800Rs. And 550 Rs.
- After that, it will ask for some details about your bank account.
- If you provide the details then it will be able to show the CIBIL Scores.
FAQs About How To Increase Low CIBIL Score?
What is the number of lowest CIBIL Scores?
The numbers between 500 to 100 is the lowest CIBIL Score.
How can I increase my CIBIL Scores a few times?
You can pay all the loans and don’t delay the EMIs of personal loans, pay the Credit EMI on time so the CIBIL Scores will be increased.
If I paid all my personal loans EMIs but my CIBIL Scores are not increasing so what can i do now?
If you paid all the EMIs, your CIBIL Scores will be increased sometimes because it will take a minimum 30-45 Days.