How to Protect CIBIL Before Applying for a Loan
Learn how to protect your CIBIL score before applying for a loan by avoiding common mistakes that cause credit damage.
2/4/20261 min read
Your CIBIL score is one of your most valuable financial assets. Many borrowers damage it unknowingly before even getting loan approval.
Here’s how to protect your CIBIL score before applying.
1. Avoid Multiple Loan Applications
Each loan enquiry leaves a footprint on your credit report. Multiple applications within a short period signal risk to lenders.
2. Check Eligibility First
Applying without understanding eligibility often leads to rejection, which can affect your credit profile.
3. Pay Existing EMIs on Time
Even one delayed payment can impact your score. Maintain repayment discipline before applying for a new loan.
4. Keep Credit Utilization Low
High usage of credit cards or overdraft limits can reduce your credit score.
Final Thought
Protecting your CIBIL score starts before the application. A careful approach today ensures better approvals tomorrow.