Your credit score (CIBIL, Experian, Equifax or CRIF) is a 300–900 number that lenders use to decide whether to approve your loan or card — and what interest rate to charge you. A score above 750 unlocks the best offers. Here's how to get there.
1. Always pay on time
Payment history is the single biggest factor. Even one missed EMI or card payment can drop your score sharply. Set auto-pay for at least the minimum due.
2. Keep credit utilisation under 30%
If your card limit is ₹1,00,000, try to keep the outstanding below ₹30,000. High utilisation signals credit hunger and pulls your score down.
3. Don't apply for too much, too fast
Every loan or card application triggers a hard enquiry. Several in a short span looks risky. Space out applications and use eligibility checks (soft enquiries) that don't affect your score.
4. Check your credit report for errors
A wrong "overdue" or an account that isn't yours can quietly hurt your score. Check your credit score free on RupeeQuik and dispute any errors with the bureau.
5. Keep old cards open
Length of credit history matters. Closing your oldest card shortens it and can reduce your score. Keep it active with a small recurring spend.
6. Build a healthy credit mix
A blend of secured (home/car loan) and unsecured (personal loan, card) credit, managed well, is viewed positively.
7. Clear existing dues before new applications
Lower outstanding debt improves your debt-to-income ratio and your odds of approval.
8. Avoid being a guarantor casually
If the borrower defaults, it reflects on your report too.
9. Be patient and consistent
Scores don't jump overnight. Six months of on-time payments and low utilisation shows up clearly.
Tip: Checking your own score is a soft enquiry — it never lowers it. Check regularly so there are no surprises when you apply.
Ready to see where you stand? Check your credit score free — it takes 60 seconds and won't impact your score.
