What Are The New Rules And Changes Made In The Cibil Score 2025?

The Reserve Bank of India (RBI) has removed a new rule, which is related to your Cibil score. If you want to get a loan as soon as possible – home, car or individual – this may be more important than you think.

What are the new rules and changes in CIBIL score 2025?

When it comes to your credit score, the RBI wants banks and other lenders to be more transparent. This means that if your loan is rejected or delayed due to your Cibil score You should know why. The lender must tell you. What if there is an error in your credit report? Now you have time to fix it before making your application.

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Sounds good, right? Yes, yes…mainly. But that’s the harvest – it may slow you down.

Why it may delay your loan

Suppose you are applying for a car loan. Previously, if your credit score doesn’t look good, the bank could say “no” and keep moving forward. Now, they should ask questions and give you time to sort them out. This could mean a week, two weeks, and maybe more – depending on the issue.

Even simple things like mismatched pot numbers may throw a wrench.

Quick facts about the new CIBIL score rules:

• Now, if your score affects loan approval, you will get a written reason.
• If your score is low due to the error, you will have 30 days to fix it.
• Not only can banks automatically reject based on score drops – one person has to check it.
• CIBIL reports will now be updated more frequently.

What is a Cibil score?

CIBIL score (Credit Information Bureau India Ltd) is a three-digit value that reflects your reputation or credit history. It ranges from 300 to 900, with a higher score, indicating a higher credit history and a higher likelihood of getting loan or credit approval.

Scores are calculated based on the following factors:

• Credit repayment behavior (whether to pay on time)

• Credit Utilization (how much of the credit you use)

• Credit inquiry (How long does it take to apply for credit)

• Credit portfolio (the type of credit you use, such as loans and credit cards)

Generally speaking, the score is above 750, and the lender may think anything below 700 may be considered a risk, which may affect your loan approval or interest rate.

OK, but what yes Good cibil score?

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CIBIL scores range from 300 to 900. Anything over 750? You are gold. Less than 700? You may want to pause and do some credit repairs.

Here you can check a good Cibil score:

Fraction	How the bank meets you	Loan approval opportunities
800+	Excellent	Very likely
750–799	OK	possible
700–749	Average	perhaps
650–699	Below average	Tough
<650	Poor	Impossible

What causes your loan approval to be delayed?

Here is what slows things down:

• Even if you resolve it, the dispute will appear as “pending”
• In your name, address, or even your phone number (*data error)
• Credit card bill you forgot about two years ago
• You applied for about 4 loans last month – This hurts your score
• Your credit card limit is too much

What should you do now?

• Check your credit score.

• Looking for errors. Even small things can hurt.

• Immediately controversial about error information – It takes time to fix it.

• Avoid applying for multiple loans at once. It looks awful.

• Don’t miss the EMI date. A lady can put down your score.

• Keep your old credit card open. They are weird.

Real people, real delays

take RiticaFor example. She applied for a home loan in Bangalore. Everything looks good, but the bank said her score has dropped due to “unpaid loans.” It turns out that she closed the loan last year, but no updates were made. With new rules, the bank had to suspend her application and wait until Cibil repaired it – it took 12 days.

or MohitWho wants a personal loan? His score is 680 – not good, but not scary. Thanks to the new rules, the lender must manually review his case, rather than automatically reject it. It took a little longer, but he actually got a loan. Yes, slower, but better for him.

The final thought

Look, it’s easy to bother with more rules and more delays. But this one? This is not bad. It gives you more power. Even a second chance. But only if you keep the credit limit.

Don’t wait for you need loan. Check your CIBIL score now. Clean it up if needed. That way, when you apply, your approach will not be.

Source: https://dinhtienhoang.edu.vn
Category: Optical Illusion