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You need to have a high CIBIL score to get a good deal on the interest on the loan. Here are some of the measures you can take to improve your CIBIL score and bring it closer to 900. Work on your late payments You should pay all your bills on time and never delay your bills or EMIs. Late payment of credit card bill takes a huge toll on your CIBIL score. Your repayment behaviour   accounts for 35% of your CIBIL score. One single late payment can reduce your CIBIL score by 80-100 points. Low credit utilisation   is crucial It is advised to use only up to 30% of your credit card limit. Using your credit card limit to the fullest can affect your CIBIL score and will also   make you look credit hungry. Make sure to avoid maxing out credit cards every month as it will make you look credit hungry.   Don’t close old credit cards   In order to have a high CIBIL score, it is better to have a long credit history...

India has seen a huge change in   terms of the type of credit borrowers. The country has witnessed a significant increase in the number of women borrowers in the past couple of years. As per a recent report from TransUnion CIBIL credit information company, India has witnessed a 48% rise in women borrowers in the past four years in the period between 2015-2018. The report further revealed that in, comparison, the male counterparts saw a surge by only 35%. Giving further insights, the CIBIL survey added that during the period of four years from 2015-2018, there were around 8.6 million women borrowers, who had taken loans for the first time.   About two-thirds or 66% of the women borrowers were from the states of Andhra Pradesh, Maharashtra, Karnataka, Tamil Nadu, and Kerala. The CIBIL survey revealed that the average credit score among all women consumers is more than 770. Talking about the types of loan, the survey revealed that women borrowers ...