1 / 9 The most important thing to consider when taking out any loan is your CIBIL score.2 / 9This is also called credit score. It provides information on the behavior of any borrower. The bank also checks the borrower's credit score to see if the person is repaying the loan on time.3 / 9Apart from this, through CIBIL score, it also finds out whether a person has defaulted on payment for any loan or has not paid any EMI. If your credit score is less than 750, the application may be rejected. Hence a good credit score is mandatory.4 / 9Whether it is your credit card bill or the EMI of the loan, it is important that you repay your loan on time. Failure to repay any arrears affects your credit rating. Basically you need to pay your EMI on time. 5 / 9One of the best ways to improve your CIBIL score is to make sure you don't borrow more at once. Make sure you pay off your first loan before taking out another. This does not lower your credit score. If you borrow more than once.6 / 9Most of the people have to take different types of loans to meet the different needs of life. But when you take out a loan, make sure that it includes both secured and unsecured loans. 7 / 9When it comes to improving your credit score, one way is to not use your credit card to the extent given by the lender. Spend only 30% of the credit limit on your card in a month. For example, if your credit limit is 2L per month.8 / 9If your credit repayment is good, your bank may ask you to increase the credit limit on your credit card. You can increase this credit limit. This does not mean that you should increase your credit card costs. Keep credit limits high,9 / 9There may be some errors in your credit report which may lower your credit score. For example, you have repaid your personal loan in full, but due to some error it is showing unpaid. So it is important that you keep checking your credit score.