New Delhi, Oct. 4 -- A CIBIL score can improve your chances of getting loans and better interest rates. It reflects your borrowing history and how you repay dues.

A low CIBIL score can make lenders see you as a risky borrower. Improving it requires steady habits, rather than expecting an immediate jump.

The first trick is paying every bill and loan instalment on time. Late payments weaken your credit profile, while consistent repayments help strengthen it. Avoid depending only on minimum credit card payments.

Choose loan repayment periods that keep monthly instalments manageable. Longer periods can lower instalments and make timely payments easier. The aim is to build a reliable payment history through regular, responsible borrowing. ...