Need Suggestion regarding credit utilisation

[ysr24]

I recently buy a ola ev using my credit with limit of 162k and I spent a total of 128k in emi and I carry total 3 cc with total limit of more than 500k
So credit utilisation is counted as total limit of all credit cards or individually each cc how it affect my cibil score or utilisation and how do I manage this so my cibil don't down if I use 60% of my credit card how much point it goes down currently it's 821

 

[amitvicky]

It's based on total combined limit of all your credit cards versus combined spends accross all your cards at the time of reporting.

821 is an excellent score.

I assume you are wise enough and will not default on any of your EMIs.

60% is on higher side. If possible prepay the credit card account from which the EMI gets deducted this way the outstanding amount will not be much lower.

Pre payment can be done through UPI, IMPS etc.

Note - I am not talking about pre paying your loan.

 

[ysr24]

Thanks you for this knowledge