736 CIBIL Score: Is It Good or Bad

CIBIL and credit score are not the same, although the terms are often used interchangeably. CIBIL is one of India’s major credit information companies, and the CIBIL score refers specifically to the credit score generated by this bureau.

The CIBIL score is a three-digit number ranging from 300 to 900, with 900 being the highest. It is calculated based on your credit activity, including:

• Credit accounts

• Payment history

• Outstanding debt

• Length of credit history

• Recent credit inquiries

In contrast, the term 'credit score' is a broader reference to scores generated by any recognised credit bureau. While different bureaus may apply their own scoring models, they typically consider similar credit-related factors. Besides CIBIL, the major credit bureaus in India are:

• Equifax

• Experian

• CRIF High Mark

A CIBIL score of 736 in India is considered good. Scores between 700 and 900 indicate strong credit behaviour and responsible financial management. CIBIL’s updated algorithm now assesses 36 months of credit history instead of 24. As a result, scores such as 724 may now appear as 701. 

Despite this adjustment, lenders have revised their internal policies accordingly, so your loan eligibility remains unaffected.

With a score of 736, you may:

• Faster loan approvals

• Gain access to better interest rates

• Qualify for higher loan amounts and longer tenures

• Receive multiple offers from lenders

Credit bureaus use their own scoring models, which can lead to different interpretations of a credit score of 736. Some might classify it as good, while others might consider it beyond that. Here is an overview of how credit scores vary across different bureaus:

A credit score of 736 suggests a low-risk borrower. This means lenders are more likely to approve your applications and offer competitive terms. However, striving for a higher score could provide even more financial flexibility.

A CIBIL score of 736 is a strong indicator of financial responsibility and effective credit management. Falling in the good range in most scoring systems, it opens favourable opportunities for loans, credit cards, and other financial products.

A CIBIL score of 736 will give you access to a wide range of financial products. Knowing these options will help you stay ready for any unexpected financial needs. Below is a list of key financial products that may be available with this score through Bajaj Markets:

Apply for a Personal Loan with a Credit Score of 736

A score of 736 is considered creditworthy by most lenders. Explore personal loan offers based on your income and financial obligations, often with simplified application processes. 

Apply for a Credit Card with a Credit Score of 736

A CIBIL score of 736 can give you access to a range of credit card options. Bajaj Markets helps you compare over 30 cards that may offer travel perks, fuel savings, lifestyle rewards, and more, depending on your profile.

Apply for a Home Loan for a Credit Score of 736

With a score of 736, you are well-placed to apply for home financing. You can explore home loan offers with competitive interest rates and flexible repayment terms that go up to 32 years.

Apply for a Business Loan for a Credit Score of 736 

If your score is around 736, you can borrow business loan offers. Factors like your company’s credit standing and cash flow may impact loan terms and approval.

Apply for a Vehicle Loan for a CIBIL Score of 736

A credit score of 736 can make you eligible for two-wheeler or four-wheeler loans. You can compare offerings by various lenders, with convenient repayment options, minimal documentation, and fast processing.

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

A CIBIL score of 736 is a strong indicator of financial responsibility and effective credit management. Falling in the good range in most scoring systems, it opens favourable opportunities for loans, credit cards, and other financial products.

A CIBIL score of 736 will give you access to a wide range of financial products. Knowing these options will help you stay ready for any unexpected financial needs. Below is a list of key financial products that may be available with this score through Bajaj Markets:

Apply for a Personal Loan with a Credit Score of 736

A score of 736 is considered creditworthy by most lenders. Explore personal loan offers based on your income and financial obligations, often with simplified application processes. 

Apply for a Credit Card with a Credit Score of 736

A CIBIL score of 736 can give you access to a range of credit card options. Bajaj Markets helps you compare over 30 cards that may offer travel perks, fuel savings, lifestyle rewards, and more, depending on your profile.

Apply for a Home Loan for a Credit Score of 736

With a score of 736, you are well-placed to apply for home financing. You can explore home loan offers with competitive interest rates and flexible repayment terms that go up to 32 years.

Apply for a Business Loan for a Credit Score of 736 

If your score is around 736, you can borrow business loan offers. Factors like your company’s credit standing and cash flow may impact loan terms and approval.

Apply for a Vehicle Loan for a CIBIL Score of 736

A credit score of 736 can make you eligible for two-wheeler or four-wheeler loans. You can compare offerings by various lenders, with convenient repayment options, minimal documentation, and fast processing.

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

With a CIBIL score of 736, lenders may offer you pre-approved personal loans and credit cards, especially if you have steady earnings and manageable debt. Higher scores, however, often unlock more competitive pre-approved deals.

A credit score of 736 is considered good, yet approval is not guaranteed. Lenders assess several other factors that could still lead to rejection.

• Location and Availability Issue: Some banks and NBFCs operate only in select cities. If you live outside their serviceable area, your application may be declined.

• Income and Age Criteria: Lenders set minimum income and age limits. Failing to meet these can lead to rejection despite a good score.

• Unstable Employment History: Frequent job changes may indicate income instability. Most lenders prefer consistent employment with at least one year in your current role.

• High Debt-to-Income (DTI) Ratio: If over 50% of your income goes towards debt, lenders may see you as financially stretched and decline your application.

• Document Issues: Incorrect or missing KYC and income documents can result in delays or outright rejection.

• Too Many Applications in a Short Span: Multiple credit applications in a short period can lower your score and signal high credit dependency.

A CIBIL score of 736 reflects a stable credit profile and can help you qualify for loans at competitive interest rates. On the Bajaj Markets app, your credit score PDF shows the following:

1. Score History

Track your credit score trend over the past six months. New users may only see the latest score.

2. Credit Factors Breakdown

This section provides aspects that affect your score:

• Repayment History: Highlights on-time vs. late payments

• Card Limit Usage: Shows you credit usage and its limit

• Credit History Length: Reflects how long you have been using the credit card

• Credit Mix: Displays the variety of your credit accounts

• Credit Inquiries: Lists recent credit enquiries

3. Loan Account Summary

Each loan includes:

• Lender’s name and loan type

• Sanctioned and outstanding amounts

• EMI details, repayment status, and the most recent payment date

4. Credit Card Overview

This section includes:

• Your total credit limit and current usage

• The card’s activation date

To keep your CIBIL score 736 strong or improve it further, disciplined credit habits are essential. Below are some actionable tips:

• Make Timely Payments

Always pay your EMIs, credit card bills, and utility dues on time to maintain a positive repayment history.

• Monitor Credit Utilisation Ratio

Keep your credit utilisation below 30% of your total credit limit to showcase responsible financial behaviour.

• Check Credit Reports Regularly

Review your credit report for errors or discrepancies that might lower your score and get them corrected promptly.

• Limit Hard Inquiries

Avoid frequent applications for loans or credit cards, as too many hard inquiries can temporarily reduce your credit score.

• Pay Down Outstanding Debt

Reducing your existing debt improves your debt-to-income ratio and enhances your overall creditworthiness.

• Maintain Older Credit Accounts

Keeping older accounts active contributes to a longer credit history, positively affecting your credit score.

• Diversify Your Credit Portfolio

A mix of secured (e.g., loans) and unsecured (e.g., credit cards) credit demonstrates versatility in managing financial products.

• Automate Payments

Setting up auto-pay ensures you never miss deadlines. It will keep your repayment history clear.