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10 Tips to Boost CIBIL Score Fast – Home Loan Advice 2025
11 Jun 2025
Are you planning to buy a new home in Ajmer? Whether you're eyeing a dream house in the heart of the city or a peaceful corner in the suburbs, one crucial number can make or break your home loan approval — your CIBIL score.
Maintaining a good CIBIL score is key to securing better interest rates, faster loan approvals, and favourable financial terms. A good credit score not only increases your chances of getting a home loan but also helps you get lower EMIs and higher loan amounts from lenders.
If you're wondering how to raise your credit rating before applying for a loan, this blog is just for you. We’ve compiled 10 actionable tips that will help you boost your CIBIL score effectively and responsibly. Whether you're new to credit or looking to rebuild it, these steps will guide you toward financial readiness. With the support of Wonder Home Finance - Home Loans in Ajmer, you can unlock the doors to your future home in Ajmer.
The CIBIL score ranges from 300 to 900, with 300 being the lowest and 900 the highest. A higher score increases your chances of getting the best deals on interest rates for loans. Keeping a score above 750 reflects responsible credit behaviour and makes you a more attractive borrower to lenders. Therefore, it’s essential to understand how to improve your CIBIL score. This guide will provide actionable tips to help you improve your CIBIL score swiftly and effectively.
10 necessary tips on how to lift your CIBIL rating
Timely Payment of Bills
The most important tip to improve your CIBIL score is to ensure that all bills, especially credit card payments and loan EMIs, are paid on time. Late payments, missed payments, or defaults can significantly damage your score. Automatic payments or reminders are better tools to ensure that you never miss a due date.
Maintain a Balanced Credit Portfolio
Your CIBIL score can benefit from having a varied mix of credit, such as a combination of secured loans (like a home loan) and unsecured loans (like a credit card). Borrowers with a well-rounded credit mix are seen by lenders as less risky. Therefore, avoid relying solely on one type of credit if you want to raise your CIBIL score.
Be Careful When Closing Unused Credit Accounts
Use caution when closing unused credit accounts. While it may seem beneficial, closing these accounts could lower your CIBIL score by increasing your credit utilisation ratio. Before making a decision, carefully evaluate the impact it will have on your overall credit profile. If your goal is to improve your CIBIL score quickly, it may be wiser to leave the account open with a zero balance.
Steer Clear of Repeated Credit Inquiries
Lenders perform a hard inquiry on your credit report each time you apply for new credit, which may cause your CIBIL score to drop slightly. A high number of inquiries in a short period may indicate financial difficulties and negatively affect your score. To avoid lowering your CIBIL score, refrain from applying for multiple credit cards or loans simultaneously.
Maintain a Low Credit Utilisation Ratio
The credit utilisation ratio is the percentage of credit you use compared to your total credit limit. A high credit utilisation ratio may indicate that you rely heavily on credit, which can negatively impact your credit score. Aim to keep your credit utilisation below 30% of your total available credit to improve your CIBIL score. Consider requesting a higher credit limit or spreading your expenses across multiple credit cards to lower your utilisation ratio and boost your CIBIL score.
Regularly Check and Correct Errors on Your Credit Report
Errors on your credit report, such as incorrect personal information, wrong loan amounts, or payments mistakenly reported as missed, can negatively impact your CIBIL score. It's crucial to regularly check your credit report and dispute any errors with the credit bureau to improve your CIBIL score. Taking this simple step can quickly lead to an increase in your score.
Consolidate High-Interest Debts to Streamline Payments
Consolidating your high-interest debts into a single loan with a lower interest rate can simplify payments and improve your CIBIL score over time. Debt consolidation can enhance your ability to pay off outstanding debts more efficiently, ultimately resulting in a higher CIBIL score.
Monitor Co-Signed and Joint Accounts for Payment Reliability
Monitoring co-signed, guaranteed, and joint accounts is vital because any late payments will impact your CIBIL score. You share equal responsibility for ensuring timely payments on these accounts. To increase your CIBIL score, it's important to either oversee the primary borrower’s payments or stay informed about the account status.
Leverage Secured Credit Cards to Rebuild Your CIBIL Score
A secured credit card can be a valuable tool for improving your score if you have a low CIBIL score. Secured credit cards, backed by a fixed deposit, are less risky for lenders. Responsible use of a secured credit card and timely payments can gradually boost your CIBIL score.
Avoid Loan and Credit Card Settlements for a Better CIBIL Score
Avoid settling your loans and credit cards, as this involves the lender accepting a payment lower than the total amount owed. While this action can resolve your immediate debt, it can harm your CIBIL score in the long run. To improve your CIBIL score, focus on fully repaying your debts rather than settling them. Reach out to Wonder Home Finance - Home Loans in Ajmer for more credit score improvement tips.
Disclaimer
The information provided in this article is for general reference purposes only and should not be construed as professional financial advice. We explicitly disclaim any liability for any decisions made or actions taken based on the information provided in this article. Users are solely responsible for verifying the accuracy and applicability of the information before relying.
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