When it comes to getting a personal loan, your CIBIL score plays a major role in whether your application is approved, how much you can borrow, and at what interest rate. Lenders see your credit score as a reflection of your repayment discipline. A higher score (750+) means you are a trustworthy borrower, while a low score can reduce your chances of loan approval.

If you’re planning to apply for a personal loan with SwipeLoan, here are some practical steps to improve your CIBIL score before you apply:

1. Pay Your EMIs and Credit Card Bills on Time

Timely repayment is the single biggest factor influencing your credit score. Even one missed EMI or late credit card payment can bring your score down. Always set up auto-debit or reminders to pay dues on or before the due date.

2. Keep Your Credit Utilization Low

Using your entire credit card limit signals high dependency on credit. Ideally, keep your usage below 30–40% of your total limit. For example, if your limit is ₹1,00,000, try not to spend more than ₹30,000–₹40,000 monthly.

3. Avoid Multiple Loan Applications at the Same Time

Every loan application generates a hard inquiry on your credit report. Too many inquiries in a short span can reduce your score and make lenders think you are credit-hungry. Apply only when necessary and choose lenders with pre-approved offers, like SwipeLoan.

4. Maintain a Healthy Credit Mix

Having only unsecured loans (like personal loans and credit cards) may not reflect well. If possible, balance it with a secured loan (like a car loan or home loan) to show lenders you can handle different types of credit responsibly.

5. Check Your Credit Report Regularly

Sometimes your score is affected by errors — like an old loan still showing as active, or wrong personal details. Check your report at least twice a year, and raise disputes immediately with CIBIL if you spot mistakes.

6. Don’t Close Old Credit Accounts Quickly

Longer credit history builds a stronger profile. Even if you don’t use an old credit card, keeping it open with occasional small usage can help your score.

7. Reduce Outstanding Debt Before Applying

If you already have multiple EMIs running, try to close or consolidate them before taking a new personal loan. Lower outstanding debt improves your debt-to-income ratio, making you a safer bet for lenders.

Final Thoughts

Improving your CIBIL score isn’t an overnight process — it takes consistency and discipline. Start with timely payments, control your credit usage, and monitor your report regularly. Once your score crosses 750+, you’ll enjoy faster approvals, higher loan amounts, and lower interest rates.

With SwipeLoan, you can apply for a personal loan online in just minutes. Our 100% digital process, flexible repayment options, and quick disbursal make it easier than ever to turn your financial goals into reality.

How to Improve Your CIBIL Score Before Taking a Personal Loan