New Delhi, Feb. 27 -- Initially in India it was all about loans and credit cards when it came to maintaining a good credit score. Things are changing now. Timely payment of rent can now significantly contribute to the growth of your credit score, opening doors for improved financial opportunities, easier availability of future loans and a consistent credit identity.

Historically, the rental market has been deregulated, and rent is usually not factored into financial calculations, thus disallowing tenants from building credit history based on rent. In a bid to close this loophole, new systems have come up where tenants can factor in regular rent payments on their credit reports.

Eventually it is just about showing your respective lending...