Understanding Your CIBIL Score

Your CIBIL score ranges from 300 to 900. Above 750 means excellent — best loan rates and easy approvals. 650-750 is average — loans possible but at higher rates. Below 650 means poor — most loan applications rejected. How to improve it: Pay every EMI and credit card bill on time without fail. Keep credit utilization below 30% — if your credit limit is Rs 1 lakh, spend under Rs 30,000. Do not apply for multiple loans simultaneously. Keep old credit cards open — credit history length matters. Check your CIBIL score free once per year at cibil.com.