Are you trying to get a
home loan to finance your dream of buying a new home by your own, understand
your credit score. CIBIL score or credit score is a number ranging from 300 to
900 and it is based on your credit history. Financial institutions consider your
credit score to determine your loan eligibility. A high CIBIL score indicates
he has no unpaid dues left. If you have a low CIBIL score, here are some tips
to improve your credit score.
1. Clear your outstanding dues
Clear all your unpaid
dues and improve your credit score.
2. Credit Report
Check your credit report
thoroughly and if you find any inaccuracy in the report, register an appeal on
the CIBIL website. Once the correction has updated, there will be an
improvement on your CIBIL score.
3. Regular with your EMI payment
If you are already paying
previous loans, be punctual with your EMI payments.
4. Credit Limit
It is recommended to
don’t exceed your credit limit to keep a good CIBIL score.
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