When monitoring your credit health, the most asked question is when does cibil score change every month. A lot of borrowers are hoping to have a definite update date, but the reality is that the process operates in a bit different way.
CIBIL lacks one unified date of cibil update that cuts across the board. Rather, your cibil score can be updated monthly according to the date when banks and lenders provide information about your most recent account. Banks generally submit updates after the end of every 30-45 days, typically after any billing cycle or EMI due date.
When then does CIBIL score get updated? Your score tends to shift several days following your lender submitting new data like EMI payments, credit card payments or loan closures. This is the reason why one may have different cibil report update dates. When one of the lenders updates their records sooner than the other, then your credit score might be updated sooner than you thought.
A lot of individuals seek the next cibil score update date or next cibil update date yet there is no standard calendar date that is released by CIBIL. The updates are done on a continuous basis according to reporting cycles and not on a specific day every month. This also gives a response to whether cibil score is updated on monthly basis- yes, provided lenders provide updated information.
In case you just made an EMI or used less credit card, it might update your cibil refresh date in the next several weeks. Delays may arise where banks report late.
Practical lesson learned: Pay EMIs in time, maintain low credit utilisation, and allow at least 3045 days to realise changes. This is because by checking your report regularly, you will know when your CIBIL score is updated.
