How is Your CIBIL Score Calculated?
A higher score indicates lower credit risk and enhances your chances of loan approval at favourable terms.
Source: indianexpress.com
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A higher score indicates lower credit risk and enhances your chances of loan approval at favourable terms.
To increase your CIBIL score, make sure to repay your credit card bills and other dues in time. This will help you avoid late processing charges. But more importantly, it shows that you are in control of your finances and pay your bills on time.