Tips for Improving your CIBIL

Your CIBIL score is updated every month by your bank (every month end)

# 1. Transaction of 2,00,000 to 5,00,000 every month in your savings account adds an extra 3 to 4 points to your score.

# 2. Getting a loan against gold or any property and repaying it on time every month improves your score by 6 pts.

# 3. You'll get a bonus of 3–4 points for every cheque cleared successfully without bounce. It can be a cheque to pay your EMI or a cheque to your customer or partner.

If your score is too low follow these tips

# 1. Show maximum transactions every day for at least 2 months (Minimum of 25,000 to your account to another account). It might be possible to get a pre-approved loan offer from your bank.

# 2. You may consider applying for a secured loan. You can apply for any secured loan or gold loan and repay your dues on time to improve your CIBIL score.

Avoid the following

·??????A single cheque bounce will eat 15 points so be careful about cheque bounce and maintaining sufficient balance.

·??????Your score will go down by 6 points every time you check it through a lender when applying for a credit card or loan. if it is soft check no issue if it is hard check by your lender score will be down.

·????????Don’t delay payment for your EMI

At Inditrade Scalerator, we offer all loans under one roof that best suits the customer?