This article is general information, not financial advice. Please verify terms with your bank/NBFC before acting.
Hard inquiries cause small, temporary dips; habits matter more.
Each formal application creates a hard inquiry that may shave a few points off your score. Multiple inquiries in a short span amplify the effect.
Space applications, and maintain strong fundamentals so the score rebounds quickly.
- Check your own report freely (soft inquiry).
- Consolidate rate-shopping, don’t apply everywhere at once.
- Let new accounts age; pay EMIs on time.