Need help to increase my cibil from 726

[Abyadav]

I have pre approved limit in bajaj finance card of 50k and i m planning to purchase using bajaj . But in upcoming April i want to apply for business loan of 10lakh for that i need to increase my cibil to above 750 .
My ques if i use bajaj finance then my cibil score will increase or decrease?
I don’t have any credit card, ongoing 2.5 lakh personal loan and 50k limit in amazon paylater (timely paying with cibil not increasing )
(I try to get cc with got rejected)

 

[zacobite]

I have pre approved limit in bajaj finance card of 50k and i m planning to purchase using bajaj . But in upcoming April i want to apply for business loan of 10lakh for that i need to increase my cibil to above 750 .
My ques if i use bajaj finance then my cibil score will increase or decrease?
I don’t have any credit card, ongoing 2.5 lakh personal loan and 50k limit in amazon paylater (timely paying with cibil not increasing )
(I try to get cc with got rejected)

if u use bajaj and payback in full on time every month then in 6-9 month score will increase... wont move in 2 months.. infact may drop a bit initially

 

[amitvicky]

I have pre approved limit in bajaj finance card of 50k and i m planning to purchase using bajaj . But in upcoming April i want to apply for business loan of 10lakh for that i need to increase my cibil to above 750 .
My ques if i use bajaj finance then my cibil score will increase or decrease?
I don’t have any credit card, ongoing 2.5 lakh personal loan and 50k limit in amazon paylater (timely paying with cibil not increasing )
(I try to get cc with got rejected)

You may try getting an FD based credit card like super money.
I have heard that it gives a boost within a month also.
Please do you own research before you apply.

 

[zacobite]

You may try getting an FD based credit card like super money.
I have heard that it gives a boost within a month also.
Please do you own research before you apply.

It will first drop a bit.. Basis profile.. 1 month boost will also be basis profile and usage.. can go the other way as well... CIBIL is a strange animal

 

[Abyadav]

if u use bajaj and payback in full on time every month then in 6-9 month score will increase... wont move in 2 months.. infact may drop a bit initially

Thank you for helping .

 

[Abyadav]

It will first drop a bit.. Basis profile.. 1 month boost will also be basis profile and usage.. can go the other way as well... CIBIL is a strange animal

Thank you for helping .

 

[Abyadav]

You may try getting an FD based credit card like super money.
I have heard that it gives a boost within a month also.
Please do you own research before you apply.

Okay i ll try to get fd cc . Thank you for helping .

 

[HisabiKitabiG]

I have pre approved limit in bajaj finance card of 50k and i m planning to purchase using bajaj . But in upcoming April i want to apply for business loan of 10lakh for that i need to increase my cibil to above 750 .
My ques if i use bajaj finance then my cibil score will increase or decrease?
I don’t have any credit card, ongoing 2.5 lakh personal loan and 50k limit in amazon paylater (timely paying with cibil not increasing )
(I try to get cc with got rejected)

Sorry I am late, What is you Amazon Pay later limit utilization?
And Have tried to get credit card in March end (highest success rate with in year)
My pridiction of your score now is 740-745 if loan is reduced by 10-15% from Feb 2025

The REASON of your low credit score is your Personal Loan (unsecured) = which reduces score upto 10-20 points t.

Suggestion
Reducing its principal amount little more and little lower utilization can boost the Credit Score Rapidly
Do this on 15th April today, so it will get reflected till 30th April (750 is highest chance because, at low score it is easy to increase)
I got 750 within 6 months of my Credit card