In 2025, the Reserve Bank of India (RBI) has introduced a new rule to help people improve their CIBIL score quickly. This rule is an excellent relief for the borrower population that suffers due to low credit scores affecting their ability to avail loans or credit cards or get good interest rates. Thanks to the new RBI guidelines, it has now become possible for people to enhance their credit worthiness in just 15 days.
What Is a CIBIL Score?
A CIBIL score is a three-digit number ranging from a minimum to a maximum value depending on the history and behavior of individuals regarding repayment of their credit. Banks and financial institutions use it to gauge whether you are a trustworthy borrower. So, the higher your credit score, the better your chances of being considered for a loan. Generally, any score above 750 is termed as very good.
RBI Rule 2025: Big Change
Under RBI’s 2025 rule, credit bureaus, namely the CIBIL, UDYAM, etc., will have to consider any change in the credit score of the borrower and change it within 15 days of receipt of corrected/updated financial information from banks/NBFCs regarding a concerned default/delay on payments. Thus, it will ensure speedy correction of errors and faster improvement of score for all those individuals who keep dues or disputes.
How Can Your Score Improve in 15 Days?
Your credit score can now improve very rapidly in the following ways:
- Clearing outstanding credit card dues
- Paying loan EMIs overdue
- Rectifying errors in credit reports (such as incorrect entries concerning loans)
- Resolving disputes with banks about erroneous reporting
- Lowering the credit utilization ratio by repaying some of the outstanding balance
Once any of these actions take place, the updated score status would be displayed within 15 days instead of the earlier delay of 30–45 days.
Benefits of This Rule
- Faster loan sanction for the borrower
- Better chances for lower interest rates
- Faster rectification of erroneous credit entries
- Relief for people in distress because of delay in reporting
- Accountability and transparency for Banks and Credit Bureaus
Major Beneficiaries
- Borrowers who have pending disputes in credit reports
- Those who would like to get urgent loan sanctions
- Young professionals who want to build good financial standing
- Those who were refused loans due to low scores
Conclusion
The RBI Rule 2025 being implemented is a pioneering move in the financial sphere as it will give borrowers the ability to see increases in their CIBIL score within 15 days. Thus, in ensuring quicker updates and higher transparency, the RBI has assured better accessibility for the common man in the realms of credit and financial opportunity. This rule will definitely come as a sigh of relief to anyone grappling with low credit scores.