Whenever you take a loan from any institution or bank you need to repay that loan within a particular period of time, be it personal, commercial or home loan.
Agar aap ye saari EMI (Kisht) or interest or loan sahi time pe pay kar dete hai, to aap disciplined mane jate hai aur apka CIBIL score improve kar diya jata hai. This CIBIL score is a result of your credit history.
If your score is good, you are rewarded with less restrictive terms on your future loans It’s not very difficult to get a good CIBIL score, rather you just need to follow some tips. Let’s see what those are:
Tip 1: Be disciplined about your payments:
This is applicable if you already have an outstanding loan to pay. So, if you have an outstanding debt or loan, you should set reminders to pay your EMIs
on time and be disciplined about it. EMIs time pe pay karne se aap ka score badhta hai.
Tip 2: Plan your expenses:
If you have a credit card then you should generally not reach your credit limit. Therefore, either try to plan your expenses accordingly or change the credit limit of your card. Kyonki jitna aap apne expenses ko credit limit tak nahi pahochne dete, utna apka score better hota hai.
Tip 3: Don’t opt for multiple loans at a time:
Generally, apko ek time pe zyada loan nahi leni chaiye. If you have a loan then we suggest you repay that loan before taking another. Isse apke CIBIL score ko boost milega. But if you take multiple loans and if the payment cycle is not followed, or if you miss some EMIs, then it will crash your score.
Tip 4: Create credit history by choosing different loans:
If you do not have any loans right now, then your CIBIL score will be low. Opting for different kinds of loans (secured or unsecured) increases your score.
These tips can surely improve your CIBIL score and help you get credit benefits in the future. Isliye inn tips ko apnaiye, aur apna CIBIL score improve kijiye.