Is Your CIBIL is Getting Down? 4 Ways to Improve it. 

CIBIL score is a number that ranges between 300 to 900, calculated based on your credit history. A higher CIBIL score shows that you can pay loans on time. If your CIBIL score is 700+, it will be considered a good score. 

While taking unsecured loans like personal loans, the CIBIL score becomes more important. A higher CIBIL score indicates that you can pay personal loans on time. You can also avail of a personal loan without a CIBIL score, but lenders may charge higher interest rates. If your CIBIL score is low and you are looking for a personal loan, visit – Vintage Finance. 

To get personal loans without hassle with low-interest rates, here are some ways to improve and maintain your CIBIL score. 

Make EMI Payments on Time – 

delayed EMI payments can negatively impact your CIBIL score. So we suggest you maintain a list of EMI deadlines and use apps to set reminders to track dates. You can also set up an auto deduction facility for the timely repayment of EMI. 

Clear debts on time –

I you have outstanding debts, it will negatively affect your credit history; instead of leaving your debts repaid, evident them to boost your credit score. 

Build Stable Income Portfolio – 

Having a steady income source shows that you can pay your loan on time. Apart from job create some other income sources by investments and income from a rental property. A stable income source improves your loan repayment capacity. 

Pay Taxes on Time – 

If you are paying your taxes on time, this will add to your CIBIL score. Your income and expenditure ratio aginst your savings can improve your trust in the mind of lenders. So fill in your taxes on time and declare all the legally obligated information. 

Once you do this thing regularly, this will reflect your CIBIL score. 

A personal loan is the most straightforward way to secure funds in emergencies. And CIBIL score is an essential factor to avail a personal loan. Take a personal loan from Vintage Finance. You can enjoy longer tenure at vintage finance, flexible EMI option, Minimum documentation, and Easy eligibility option. 

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