When it comes to loans, most people see it related to credit cards. Using a credit card creates a credit history, which has a direct impact on your CIBIL score. In such a situation, a question comes to the mind of most people that can the CIBIL score be better even without a credit card? Many people do not want to have a credit card. So let's know 3 such ways, by which you can improve your CIBIL score without a credit card.

If you have taken a loan, then pay every EMI of it on time. This creates a strong credit history. On the other hand, if you miss an EMI, it spoils your CIBIL.

If you do not have any loan yourself, then you can become a partner in a home or car loan or personal loan with a member of your family. This is called becoming a co-applicant in the loan. As you pay your share of EMIs for that loan, your CIBIL score will keep getting stronger. However, you will have to first confirm with your bank whether you can become a co-applicant in the loan or not.

Sales often come up, in which good offers are available on many products. Many people do not have enough money, but they like the product. Nowadays many platforms and stores sell products on EMI even without a credit card. So if you buy a product on EMI, then you are actually taking a durable consumer loan, whose EMI you have to pay. This also strengthens your credit score.

Even if you do not need any loan, it is not wise to keep taking loan after loan just to build a credit history. By taking loans again and again, you will have to pay a lot of interest on it. At the same time, this may also make the lenders feel that you are in some financial crisis, due to which you are taking loans again and again. So do not take loans again and again just to build a credit history.

This is a three digit number or say a score. Its range is from 300 to 900 points. It shows your eligibility to take a loan. This number is decided on the basis of your old loan, credit card bills etc. If you keep paying all your loans and card bills then your CIBIL score keeps improving, whereas if you default then your CIBIL score keeps deteriorating.