Your CIBIL score plays a major role in determining your loan eligibility and the interest rates you’re offered. Whether you’re planning to take a personal loan, vehicle loan, mortgage, or even a credit card, a good credit score helps you get better deals, faster approvals, and more financial freedom.
If your score isn’t where you’d like it to be, don’t worry — here are 5 quick and effective ways to improve your CIBIL score and take control of your credit profile.
Always Pay Your EMIs and Credit Card Bills on Time
Late payments are one of the biggest reasons for a poor CIBIL score. Each missed or delayed payment gets reported to the credit bureau, reducing your score and affecting your creditworthiness.
✅ Tip: Set payment reminders or enable auto-debit options to avoid missing due dates.
Keep Your Credit Utilization Low
Your credit utilization ratio is the percentage of your total credit limit that you’re using. Ideally, it should be under 30%. If you constantly use more than that, it signals over-dependence on credit, which can hurt your score.
✅ Tip: If your utilization is consistently high, consider requesting a credit limit increase or paying off dues mid-cycle.
Don’t Apply for Multiple Loans or Cards at Once
Every time you apply for credit, lenders perform a “hard inquiry” on your credit report. Too many such inquiries in a short period can negatively impact your score and make you appear credit-hungry.
✅ Tip: Apply for credit only when necessary and always check your eligibility before applying.
Maintain a Healthy Mix of Credit
Lenders prefer individuals with a balanced mix of secured (like home or vehicle loans) and unsecured credit (like personal loans or credit cards). It shows your ability to manage different types of credit responsibly.
✅ Tip: Don’t rely only on one form of credit — diversify, but keep it manageable.
Regularly Check Your Credit Report for Errors
Sometimes, errors in your credit report — like wrong account information, incorrect payment status, or identity mix-ups — can lower your score unfairly. Reviewing your credit report helps you spot and rectify such issues.
✅ Tip: Visit the official CIBIL website or other credit bureaus to download your free annual credit report and dispute any errors promptly.
Final Thoughts
Improving your CIBIL score isn’t a one-day task, but by staying disciplined and financially aware, you can boost your score within a few months. A higher credit score not only increases your loan approval chances but also helps you enjoy better interest rates and terms.
At Progressive Fincorp, we guide our customers with responsible credit behavior and offer loans tailored to their credit profiles. Whether your score is low or improving — we’re here to support your financial growth.