Settle your monthly EMI payments on time. Any delay or default may attract penalties and negatively impact your CIBIL score.
Pay all your utility bills, like electricity, gas, internet, etc., on time. Setup reminders to stay on top of all deadlines.
The credit utilisation rate is calculated by the utilised amount compared to the total credit limit. The lower the credit utilisation rate, the better the CIBIL score.
Repay your current loan before taking on another to maintain a good credit score. Multiple loans show that you might be unable to repay them
Taking many unsecured loans negatively impacts the CIBIL score. Avail a mixture of secured and unsecured loans for different loan tenures.
Frequently check your CIBIL score and analyse your credit report. Check the gaps you can address to improve your CIBIL score.