Credit Score Engineering: Understanding the Logic of the CIBIL Algorithm
A credit score (like CIBIL) is a numerical representation of your creditworthiness. Understanding the underlying variables allows you to engineer a higher score, which directly translates to lower interest rates on loans.
1. Payment History (35% Weight)
This is the most critical vector. A single late payment can suppress your score for months. The engine looks for consistency.
2. Credit Utilization Ratio (30% Weight)
If your credit limit is ₹1 Lakh and you consistently spend ₹90,000, you are seen as "Credit Hungry." Maintaining a utilization below 30% signals financial stability.
3. Credit Mix and Tenure
A healthy mix of "Secured" (Home Loan) and "Unsecured" (Credit Card) loans, combined with a long history of responsible credit usage, pushes the score into the 800+ "Elite" territory.
4. The Hard Inquiry Tax
Every time you apply for a new card, the bank does a "Hard Inquiry," which slightly lowers your score. Avoid "Credit Shopping" across multiple banks in a short window.