CIBIL Score of 733: Is it Good or Bad?

A CIBIL score is a specific type of credit score, but the two terms are not interchangeable. A credit score is a general term that refers to a three-digit number representing your creditworthiness. A CIBIL score, on the other hand, is issued specifically by TransUnion CIBIL.

In India, four major credit bureaus are authorised to provide credit scores:

• TransUnion CIBIL 

• Experian

• Equifax

• CRIF Highmark

A CIBIL score of 733 in India is considered good. Regardless of the bureau, a score in this range typically reflects sound credit behaviour. However, when a score is referred to as a ‘CIBIL score’, it specifically denotes a score provided by TransUnion CIBIL. 

A CIBIL score of 733 is usually considered good. It reflects responsible credit behaviour and a reliable repayment history. With a score above 700, you are more likely to qualify for loans, credit cards, and favourable interest rates. Lenders may still assess other criteria before granting approval. 

Here is how a 733 credit score is categorised across different credit bureaus in India:

A CIBIL score of 733 is good and enables access to multiple credit products with favourable terms. Here are some credit facilities you can get with a CIBIL score of 733:

• Personal Loans Available for a Credit Score of 733

A CIBIL score of 733 is typically viewed as favourable by many lenders. This score may allow you to apply for unsecured personal loans with competitive interest rates and adaptable repayment terms. On Bajaj Markets%, the loan amount offered depends on your earnings and financial standing.

• Credit Card Options with a Credit Score of 733

Having a score of 733 can help you access a broad range of credit cards. Many issuers may extend options such as cashback cards, travel cards, fuel cards, and premium cards, based on your income and overall credit profile.

• Home Loans Available for a CIBIL Score of 733

With a score of 733, you may qualify for housing finance at relatively lower rates of interest. Bajaj Markets% provides access to home loan products with flexible repayment schedules and a wide range of funding options.

• Business Loans Available for a CIBIL Score of 733

This score may help you secure business financing without collateral. Based on your business credentials and repayment history, Bajaj Markets% offers unsecured loan options that support a variety of commercial needs.

• Vehicle Loans Available for a CIBIL Score of 733

Lenders often consider a score of 733 reliable, which may lead to faster approval of vehicle finance. You may explore multiple products on Bajaj Markets%, including loans for new or used vehicles, with favourable lending terms. 

Disclaimer: Credit approval is subject to the lender’s internal policies, eligibility criteria, and documentation.

The CIBIL score required for pre-approved loans and credit card offers may differ across lenders. A score of 733 can make you eligible for such offers, but approval is not always guaranteed.

To boost your eligibility, pay dues on time and keep your credit use low. Additionally, avoid applying for multiple new loans at once.

A CIBIL score of 733 is good, but it may not guarantee loan approval. Lenders evaluate multiple factors beyond your score, and certain issues in your credit profile can lead to rejection. These include:

• Remarks in CIBIL Report: Even with a good score, remarks such as “settled” or “written-off” can lead to rejection

• Frequent Loans: Frequent borrowing or multiple credit enquiries may reflect high credit dependency, making lenders hesitant to approve new loans

• High Debt-to-Income Ratio: A high level of debt in proportion to your income may result in rejection, as it indicates repayment risk

• Unhealthy Credit Mix: Overreliance on a single type of credit increases risk and may reduce your chances of approval

• Loan Rejection in the Past: A history of rejected applications reflects poorly on your CIBIL profile, making lenders more cautious

• Detail Mismatches: Missing or inconsistent information in your application documents may lead to rejections

A CIBIL score of 733 reflects sound financial behaviour. The Bajaj Markets app allows you to delve deeper into your credit health with these report sections.

1. Historical Score Chart

Monitor your score's trajectory over the past six months. If you have recently joined, the app may only display the latest score.

2. Breakdown of Credit Indicators

This part shows what supports or lowers your score:

• Timely Repayments: A higher percentage indicates reliability

• Credit Usage: Low utilisation is labelled as 'Good'

• Credit Age: A long-standing history adds to your credibility

• Credit Variety: Reliance on one credit type may be flagged

• Credit Applications: Multiple recent enquiries are viewed negatively

3. Loan Summary

Get information about each loan:

• Issuing bank and loan classification

• Sanctioned and pending amounts

• EMIs and repayment records

• Most recent payment date

Visual cues indicate performance status: green for regular payments, yellow for delays, red for defaults.

4. Credit Card Snapshot

This segment includes:

• Total and used credit limit

• Starting date of the card usage

Monitoring this section helps maintain optimal usage levels.

Improving or maintaining a CIBIL score of 733 requires consistency and attention to financial habits. Here is how you can do it:

• Timely Payments

Ensure that all EMIs, credit card payments, and utility bills are paid on or before their due dates. Timely payments are critical for preserving your credit score. 

• Low Credit Utilisation 

Aim to use less than 30% of your total credit limit. For instance, if your credit limit is ₹1 lakh, limit spending to ₹30,000. 

• Limited Hard Enquiries 

Limit the number of credit applications you make within a short period, as each hard inquiry can temporarily impact your score. 

• Regular Monitoring of Your Credit Report

Regularly review your credit report to spot errors or inaccuracies. Rectifying discrepancies promptly ensures your CIBIL score of 733 remains unaffected.

• Diversify Your Credit Mix

Maintaining a mix of secured loans (e.g., car loans) and unsecured loans (e.g., personal loans) reflects financial stability and boosts your credit profile. 

• Maintain Older Accounts

Accounts with a long and positive credit history contribute significantly to your credit age, boosting your CIBIL score. 

• Seek Financial Advice

Consulting a financial advisor can help you optimise your credit usage, plan repayments, and adopt strategies to boost your score.