CIBIL Score Guide: How to Improve Your Loan Approval Odds

A CIBIL score above 750 significantly improves both your approval chances and the interest rate you're offered.

Key factors affecting your score include payment history (35%), credit utilization (30%), length of credit history, credit mix, and recent inquiries.

Practical steps to improve your score: pay all EMIs and credit card bills on time, keep credit utilization below 30%, avoid multiple loan applications in a short period, and check your report regularly for errors.

If you have a lower score, consider applying with a co-applicant who has strong credit, or opt for secured loans which typically have more lenient score requirements.