How to Generate your CIBIL Score for the First Time

Below-mentioned are a few credit options that are easy to avail and repay, and can thus help you build a strong credit profile for the first time:

• Consumer durable loan
• Secured credit card
• Avail loans from lenders you have an existing relationship with
• Add yourself as a co-applicant
• Buy-now-pay-later option

You can build your CIBIL score for the first time in the following steps:

• Apply for the easily available credit option such as a secured credit card.
• Keep your credit utilization low.
• Pay the bills on time.
• Wait for a few months (3 to 6 months) for the credit bureau to update your CIBIL score.

You can follow the below-mentioned tips to maintain your credit score:

• Make timely repayments.
• Keep your credit utilization low.
• Avoid multiple loan applications in a short span.
• Manage your credit mix well.
• Monitor your CIBIL report for any faults.

The ideal CIBIL score for availing loans is usually 750 and above. However, 800 and above is considered an excellent CIBIL score and such applicants have higher chances of approval. Applicants having a credit score of 750 and above usually have higher approval chances and qualify for lower interest rates.

• As per RBI, the credit score will now be updated on a weekly basis instead of the monthly cycle, effective July 1, 2026. 
• Repayments or defaults will be reflected timely in the credit reports. 
• This will make it easier for the individuals to check their credit reports for any inaccuracies in time and get them rectified faster.