When you try to take a loan, you don't get a loan because your CIBIL score is low? The CIBIL score is one of the major determinants of creditworthiness in India. If you pay attention to some things, you can increase your CIBIL score.

1.Maintain your credit score
Using credit and paying it back on time proves reliability and accountability. This will boost your credit score.

2.Don 't take loans for petty things
Banks will see borrowing for a small number of loans as a sign of financial instability. This will bring down your score.

3.Increase your credit limit
Raising the limit of your credit card and keeping the expenses the same helps in reducing the credit utilisation ratio. This will improve your credit score.

4.Keep the credit utilisation ratio
It is advisable to keep your credit utilisation under 30% of the total credit limit.

5.Pay your debts on time
It is essential to pay credit card bills and loan EMIs on time.

6.Keep a check on your credit card.
Regularly checking credit card statements and credit reports can help detect discrepancies.

7.Reduce the number of credit applications
Every new credit inquiry will result in a slight decrease in your credit score.

8.Timely repayment
Irregular repayments will reflect heavily on your score. This is an important factor.

9 Extend the term of the loan
Extending the term of the loan will reduce the monthly repayment obligation. This helps in keeping a track of repayment time and also helps in maintaining a good credit history.

How much time it will take to improve CIBIL score?
It usually takes 4 to 12 months to improve your credit score. This time may vary depending on the history of past repayments and the consistency of repayments.