RBI: Weekly Credit Score Updates from April 2026; Loans & Cards Made Easier

• RBI's new draft guidelines will enable weekly credit score updates.
• The new system, effective April 1, 2026, aims to make loan and credit card approvals faster and easier.
• Banks will submit incremental data weekly, allowing credit information companies (CICs) to refresh scores in 7 days.
• This change will benefit individuals by reflecting good payment behavior quickly and potentially lowering interest rates.
• Banks and CICs will need to upgrade systems for faster data submission and processing to comply with the new rules.

Why It Matters: RBI's weekly credit score updates will make loans/cards faster and impact borrowing costs.