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Cibil score

18 April 2016

First Sorry for not posting in the right place ( I guess) but anyway I need to know this information..

I am somebody who took educational loan from Indian Bank and paid it on time . Now I want to ask how do I make a credit report which shows that I successfully paid all the loan back to the bank ...And what else could I do to reflect that I successfully closed all the loan accounts which I opened and then further go for loan application.. Do I need to go to the same Bank or can I go to private bank like Icici ?

Thanks in advance ....

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2 Replies

(Guest)

Hi, great article.
Unfortunately I am also a victim of low cibil score and was looking measures to improve it. Will try the above actions. Thanks. https://www.loankuber.com/content/cibil-score/common-cibil-report-problems-and-its-solutions/

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Sumita Kulesari (10 Points)
Replied 18 June 2024

A good credit score typically ranges between 700 and 750 and is crucial for securing favorable loan terms. Kotak Mahindra Bank, like other financial institutions, considers a credit score of 750 and above as excellent. Maintaining a good credit score with Kotak Mahindra Bank can lead to benefits such as lower interest rates on loans and credit cards, higher credit limits, and quicker loan approvals. To achieve and maintain a good credit score, ensure timely payment of bills, reduce outstanding debt, and regularly monitor your credit report for any discrepancies.