Top 5 Factors That Determine Your CIBIL Score

Payment History (35%)

Your payment behavior is the most significant factor in determining your CIBIL score. Timely payments increase your score, while missed payments lower it.

Credit Utilization (30%)

How much of your available credit limit you use. Ideally, use less than 30% of your credit limit for a healthy score.

Length Of Credit History (15%)

A longer credit history indicates stability and trustworthiness, which can positively impact your score.

Credit Mix (10%)

Having a diverse credit mix, such as credit cards and loans, demonstrates your ability to handle different types of credit.

New Credit (10%)

Frequent applications for new credit can hurt your score. Limit new credit inquiries to avoid unnecessary hard pulls.

Suggested Read: How Is Credit Score Calculated, Its Importance And How To Imporve It?