how to improve cibil score after loan settlement

You can improve your CIBIL score after loan settlement by immediately demonstrating responsible credit behavior and resolving the account's negative status.

• First, pay the remaining outstanding amount and obtain a No Objection Certificate (NOC) from the lender to update your account status from "Settled" to "Closed."
• Consistently pay all new credit card bills and loan EMIs on time to build a positive payment history, which is critical for score improvement.
• Maintain a low credit utilization ratio, ideally keeping your usage below 30% of your total credit limit.
• Limit new credit applications for a few months to avoid multiple hard inquiries that could further harm your score.