Your CIBIL score is a 3-digit number (300–900) that tells lenders how creditworthy you are. A score above 750 gets you the best rates and quick approvals. Below 650, most banks will reject your application.
Step 1: Get Your Free Credit Report
You're entitled to one free CIBIL report per year. Download it at cibil.com and check for errors — incorrect personal details, duplicate accounts, or incorrectly reported missed payments are more common than you think.
Step 2: Dispute Any Errors
If you find an error, raise a dispute on the CIBIL portal. Corrections typically take 30–45 days. A single corrected error can boost your score by 20–50 points.
Step 3: Pay All Dues on Time
Payment history accounts for roughly 35% of your score. Set up auto-debit for credit card minimums and loan EMIs so you never miss a due date.
Step 4: Reduce Your Credit Utilization
If your credit card limit is ₹1 lakh and you regularly use ₹70,000, your utilization ratio is 70% — too high. Aim to keep it under 30%.
Step 5: Don't Apply for Multiple Loans Simultaneously
Every time a lender checks your score (a "hard inquiry"), it temporarily lowers your score by 5–10 points. Multiple applications in a short period signals desperation to lenders.
Step 6: Maintain Old Credit Accounts
The average age of your credit accounts matters. Don't close your oldest credit card even if you don't use it — it keeps your credit history length intact.
A good CIBIL score is built month by month, not overnight. Start now.
At Al-Khair, we also work with customers who have lower scores. Get in touch →