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The Reserve Bank of India (RBI) introduced sweeping changes to the CIBIL credit scoring system in 2025. These essential reforms aim to make borrowing faster, fairer, and more transparent. They represent a major shift in how lenders assess creditworthiness and how individuals can manage their financial health. For the common Indian, this means more control and increased visibility over their financial narrative. Understanding these updates is essential for anyone planning to take loans, use credit cards, or simply maintain financial trustworthiness.

CIBIL defaulters can still get personal loans by using secured loans, guarantors, NBFCs, or platforms like Buddy Loan. Apply for smaller amounts, repay on time, and keep your credit usage low. With consistent financial discipline, you can rebuild your credit score, restore trust with lenders, and regain financial stability.

When your CIBIL score isn’t at its best, getting a loan can feel like navigating a maze. Banks and financial institutions check your creditworthiness closely before lending and a low score can make approvals tricky. One common solution is a guarantor, someone who stands as a safety net for the lender. But do you always […]

In a significant development, the Ministry of Finance has announced that CIBIL scores are no longer mandatory for first-time borrowers seeking loans in India. This groundbreaking decision aims to foster financial inclusion by providing individuals without a credit history, such as young professionals, students and entrepreneurs, the opportunity to access loans. In this blog, we’ll […]

A recent ruling by the Madras High Court has shaken the aspirations of many banking job seekers across India. The court upheld the State Bank of India’s (SBI) decision to revoke a candidate’s job offer due to a poor CIBIL score, emphasizing the importance of financial discipline in the banking sector. As bank jobs become […]

A CIBIL score of 550 is considered low and indicates past credit issues, making it difficult to get a personal loan from banks or NBFCs. However, some fintech apps and alternative lenders may offer loans at higher interest rates, with strict terms, lower loan amounts, and extra documentation. To improve approval chances, maintain timely repayments, keep credit use below 30%, and avoid new debts. Building a stronger credit profile over time can help you secure better loan offers and favourable interest rates in the future.

  Having a low cibil score while applying for a loan is a big hindrance for you in the process of getting a loan or a credit card . A credit score is one of the initial things that every borrower considers before giving a loan to applicants . A good credit score shows that […]

While you cannot directly check your CIBIL score using only your Aadhaar card, it can be used as an ID proof when accessing your credit report online. You can check your score through the official CIBIL website or via platforms like Buddy Loan, which allows you to view your credit score and detailed report for free. Regular monitoring helps maintain a healthy credit score, improving your chances for loan approvals and better financial opportunities.

Paisabazaar provides a free, quick way to check CIBIL scores online. The platform allows users to access their credit score and report without affecting their credit rating, helping individuals monitor their credit health and make informed financial decisions.

  Your CIBIL report is a detailed record of your credit history and financial behavior, reflecting how you manage loans, credit cards, and other forms of credit. Lenders use this report to assess your creditworthiness before approving loans or credit cards. Reading and understanding your CIBIL report is crucial for maintaining a healthy financial profile. […]