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Just do these 5 things, then whichever bank you go to, you will get a loan immediately, and the bank manager will also give a huge discount on interest!


Whenever you apply for a loan, the first thing that is seen is what your CIBIL score is. This makes it easier for banks to understand whether you will be able to repay the loan on time or not. If your score is good, then you can get a loan easily and with a better interest rate. But if the CIBIL score itself is bad, then there may be a problem in getting a loan.

The CIBIL score ranges from 300 to 900. If your CIBIL is 750 or more, then it is considered good. The closer it is to 900, the easier you will get a loan and you can also negotiate a lot on the interest charged on it. If your CIBIL score is between 550 to 750, then it is considered fine. In such a situation, banks may refuse to give you a loan and may ask for some collateral. If your score is less than 550, then forget about the loan, because it is considered bad and no bank will be ready to give a loan on it. Let us know 5 ways by which you can improve your CIBIL score.

Loan default has the biggest impact on CIBIL. Even if you miss one or two EMIs of your loan, your CIBIL can be affected. This may cause you trouble in getting a loan. But if you pay all the EMIs on time, then your CIBIL will remain good and every bank will have full confidence in you to give you a loan.

Many times people apply to different banks to get a loan and take the loan from the bank from which they get a loan at a lower interest rate. Let us tell you that if you have applied for a loan in many banks, then your CIBIL score will be checked by every bank. When a bank or NBFC checks your credit score, it is called a hard inquiry and this affects your CIBIL.

When someone gets an offer from the bank to increase the credit card limit, he is very happy and immediately accepts the offer. Remember, credit card is a type of loan, so do not keep increasing your loan limit without any reason. Many times people themselves request to increase the limit. If your limit is high, it is possible that you will make a lot of purchases from it or it is possible that you will buy many products and make EMIs. This will affect CIBIL and the bank will feel that you do not have enough money, that is why you are buying all the things on EMI.

Suppose your credit card has a limit of Rs 1 lakh, but this does not mean that you keep shopping for Rs 1 lakh every month. Doing this can affect your CIBIL. Credit card limit should not be used more than 30 percent. In this way, if the limit of your card is Rs 1 lakh, then try to shop only up to Rs 30,000.

To get a loan easily, the first thing you have to do is to avoid meaningless loan offers. Seeing your good CIBIL score, everyone will be eager to give you a loan, because it is expected that you will repay the loan easily. However, if you take too much loan, then this also shows your poor financial condition, due to which the CIBIL score can deteriorate. So, you should avoid taking too much loan.

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