735 CIBIL Score: Is It Good or Bad

A 735 credit score is considered good and reflects healthy credit habits like timely repayments, low credit utilisation, and responsible account management. This score is typically sufficient to secure competitive interest rates and access premium financial products.

However, while the terms ‘credit score’ and ‘CIBIL score’ are often used interchangeably, they are not identical. ‘Credit score’ is a general term that may be issued by any recognised credit bureau in India: TransUnion CIBIL, Experian, Equifax, and CRIF High Mark. 
In contrast, a ‘CIBIL score’ refers specifically to the score assigned by TransUnion CIBIL, meaning a 735 CIBIL score reflects only that bureau’s evaluation.

Yes, a CIBIL score of 735 is generally seen as good, but it is best to confirm with the lender. It reflects strong credit habits and timely repayments. This score can help you qualify for loans or credit cards with favourable terms.

Since 735 is a good credit score, it gives you access to a wide range of credit products across categories. Below is an overview of the credit options available to you at this score:

• Personal Loan Available for a 735 Credit Score

A score of 735 generally signals creditworthiness to lending institutions. Bajaj Markets% provides access to lenders offering personal loans with terms based on your financial obligations and income level, often with simplified application procedures.

• Credit Card Options with a 735 Credit Score

A CIBIL score of 735 qualifies you for several credit card variants. Depending on your profile, on Bajaj Markets%, you can choose from cards that offer travel benefits, fuel savings, lifestyle rewards, and more.

• Home Loans Available for a 735 CIBIL Score

With a 735 score, you are in a favourable position to apply for home finance. Various lenders on Bajaj Markets% offer housing loans at competitive rates, with repayment periods structured to suit your financial goals.

• Business Loans Available for a 735 CIBIL Score

Several lenders on Bajaj Markets% offer unsecured loans for business purposes if your credit score is around 735. Your company’s credit profile and cash flow may influence both the approval process and the funding limits available.

• Vehicle Loans Available for a 735 CIBIL Score

A 735 score may enable you to obtain financing for two-wheelers or four-wheelers at convenient terms. Vehicle loan offerings on Bajaj Markets% are typically processed quickly and may come with features like flexible tenure and minimal paperwork.

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

A CIBIL score of 735 may make you eligible for pre-approved loan and credit card offers from leading financial institutions. Such offers are generally extended to individuals with a strong credit history, stable income, and a consistent repayment record.

While a score of 735 is considered good, final approval is subject to the lender’s internal policies and additional factors. Some of these include income level, existing liabilities, and overall creditworthiness.

A CIBIL score of 735 is considered good, but it does not always guarantee loan approval. Lenders assess several other factors before making a final decision.

• Unstable Employment: Frequent job changes or inconsistent business history may indicate financial unpredictability, leading lenders to reject your application

• High Debt-to-Income Ratio: Even with a strong credit score, a high monthly debt burden compared to your income raises concerns about repayment capacity

• Guarantor of a Defaulted Loan: If you have guaranteed a loan that later defaulted, lenders may see your profile as risky, affecting approval chances

• Incorrect Information: Inaccurate or unverifiable details in your application or credit report can hinder the verification process and result in rejection

Frequent Credit Applications: Applying for multiple loans or credit cards in a short period may signal credit hunger, which negatively affects your loan eligibility

A CIBIL score of 735 reflects a strong profile, but reviewing your report can help you stay on track or improve it further. Here is what you might find when checking your report on the Bajaj Markets% app:

1. Score History

A graph showing your credit score trend over the last 6 months can be found on the app. This allows you to identify fluctuations in your score and understand the factors that may have contributed to them. If you are new to the platform, it might show only your most recent score.

2. Credit Factors

This section helps you understand the key components that affect your credit score, showing both strengths and areas that may need attention:

• Repayment History: Displays the ratio of timely vs delayed payments. For example, a 95% on-time record suggests disciplined repayment habits.

• Card Limit Utilisation: Highlights how much of your available credit you are using. Lower usage is usually marked as ‘Good’.

• Length of Credit History: A longer credit history works in your favour and boosts score stability.

• Credit Mix: If your profile includes only one credit type, such as just credit cards or just personal loans, it may be flagged as ‘Fair’.

• Credit Enquiries: Too many applications in a short time can lower your score and be rated as ‘Poor’ in this section.

3. Loan Account Summary

Each loan account listed in your report will show the following:

• Name of the bank or lender, and type of loan (e.g., personal loan, education loan)

• Amount approved and current balance remaining

• EMI amount and payment status over time

• Date of your last recorded payment

4. Credit Card Overview

This part provides an overview of your card usage, including:

• Total credit limit and the amount currently used

• Date when the card was issued

This data can help you manage your spending and avoid high utilisation, which might negatively impact your score.

By reviewing these insights regularly, you can monitor your financial habits, correct issues early, and work towards maintaining your score.

While 735 is a good credit score, it still needs attention. Here’s how you can maintain it or improve it further: 

• Pay Bills Before the Due Date

Timely payments show lenders that you are dependable and help strengthen your credit profile.

• Use Credit Sparingly

Try not to use more than 30% of your available credit limit. A low credit utilisation ratio shows that you’re in control of your spending.

• Avoid Frequent Credit Applications

Applying for credit too often leads to hard inquiries, which can lower your score. Be selective with applications.

• Check Your Credit Report Periodically

Review your credit report regularly to spot mistakes. Dispute any incorrect information right away.

• Diversify Your Credit Portfolio

A balanced mix of secured and unsecured loans showcases your ability to manage different types of credit effectively.

• Reduce Outstanding Dues

Reducing your current debts improves your debt-to-income ratio and overall creditworthiness.

• Keep Long-standing Accounts Open

Older accounts with good repayment histories reflect a stable credit history, a critical component of your score.

• Plan Your Credit Activity Strategically

Avoid financial decisions that could strain your repayment capacity. Think ahead and plan before applying for any new credit.