791 Credit Score: Good or Bad?

A 791 credit score is a strong indicator of sound credit management, though its categorisation varies across credit bureaus. TransUnion CIBIL considers it fair, while Experian and Equifax classify it as very good, and CRIF High Mark deems it excellent. Despite the varying classifications, a 791 CIBIL score places you in a favourable position to access competitive financial products and credit terms.

Here’s how a 791 credit score is categorised by India’s different credit bureaus:

While a 791 CIBIL score might be considered fair by TransUnion CIBIL, other bureaus see it as a reflection of responsible credit usage. Borrowers with this score are likely to benefit from favourable credit terms, though the exact offers may vary depending on the lender's preferred credit bureau.

A credit score of 791 comes with significant financial advantages:

1. Easier Loan Approvals

Borrowers with a 791 CIBIL score are considered low-risk, leading to quicker and easier loan approvals

2. Competitive Interest Rates

With a 791 credit score, you qualify for attractive interest rates on personal, home, and car loans

3. Access to Premium Credit Cards

A 791 CIBIL score makes you eligible for premium credit cards offering cashback, rewards, and travel perks

4. Higher Credit Limits

Lenders are more likely to approve higher credit limits for borrowers with a 791 credit score, providing greater financial flexibility

5. Lower Insurance Premiums

Certain insurers consider a 791 CIBIL score when calculating premiums, often offering better rates to those with strong credit profiles

6. Emergency Loan Availability

This score ensures easier access to personal loans or lines of credit in case of emergencies

7. Negotiation Leverage

Borrowers with a 791 CIBIL score have the advantage of negotiating reduced fees and flexible repayment terms

Maintaining or improving a CIBIL score 791 means you need disciplined financial behaviour. Here’s how:

Pay All Bills on Time

Timely payments are critical to preserving your credit score. Always pay EMIs, credit card bills, and utility bills on or before the due date.

Monitor Your Credit Report

Regularly check your credit report for inaccuracies or errors. Rectify discrepancies promptly to protect your 791 CIBIL score.

Keep Credit Utilisation Below 30%

Avoid using more than 30% of your total credit limit. For instance, if your credit limit is ₹1 lakh, restrict your spending to ₹30,000 or less.

Avoid Frequent Credit Applications

Limit the number of credit applications you make within a short period, as each hard inquiry can slightly lower your CIBIL score 791

Retain Older Credit Accounts

Long-standing accounts with positive repayment histories contribute to your credit age, positively impacting your CIBIL score

Maintain a Balanced Credit Mix

A diverse portfolio of secured and unsecured loans enhances your credit profile, boosting your credit score

Reduce Outstanding Debt

Paying down existing debts systematically improves your debt-to-income ratio, further strengthening your score

A 791 credit score reflects responsible credit usage and financial discipline, though its classification varies across credit bureaus. By maintaining timely payments, monitoring your credit report, and keeping credit utilisation low, you can sustain or improve your CIBIL score. Progressing closer to the excellent range can further enhance your financial opportunities, offering access to premium products and the best loan terms.