The year 2025 witnessed an important change in the way your CIBIL score is calculated. So, if you are planning to go for a home loan, car loan, or personal loan, then this news is extremely crucial for you. CIBIL (Credit Information Bureau India Limited) has introduced some rules in 2025 that have made understanding and improving the credit score easier than ever before. Your credit score will now work in favor of getting better interest rates as well as loan approvals!
CIBIL Score 2025: What’s New?
Earlier, CIBIL scored from 300 to 900 but, in the case of the new rule, it will now be tracked in a more fine-grained manner. This new system focuses more on important factors like payment history, credit utilization ratio, credit mix, and new credit accounts. Thus, with this, banks and NBFCs can offer accurate information to users while lending loans.
Cost Of Checking CIBIL score
Checking your CIBIL score is most likely going to cost you from ₹500 to ₹1,000. However, many fintech and banks offer it free of cost. Alternatively, you can also check your score once a year for free from the official CIBIL website.
Effect Of New Rules On Loan
Now a CIBIL score of 750 and above will mean the loan will be provided quickly and at low interest, while a score below 650 means an uphill task to get the loan or high-interest rates. With the amended rules, now the score will be easily compromised due to rampant usage of credit cards and missing EMI payments.
How To Improve CIBIL scores?
Things to remember if your CIBIL score is not in good standing:
- Pay bills and EMIs promptly.
- Limit credit card utilization to 30%.
- Refrain from applying for loans frequently.
- Keep checking your credit report at regular intervals.
Conclusion
After the new rules of 2025, the significance of the CIBIL score has grown tremendously. If you are planning to go in for a big loan in the foreseeable future, start establishing the perfect foundation for good credit history now. A creditworthy score will not only get your loan approved but may also help you save some lakhs in interest!
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