Does Personal Loan closure improve CIBIL?

Accepted Answer ✓ Accepted

Loan closure itself does not instantly boost CIBIL score, but it improves overall debt profile. Positive impact comes from a history of timely EMIs and full repayment. Closure removes ongoing liability from credit report.
5 upvotes

Suggested Answers

Not instantly, but it helps your overall credit picture.
0 upvotes by Rahul Mehta

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