Check the CIBIL score range, discover the benefits of a good score, and get simple, effective tips to improve it.
A good CIBIL score plays an important role in your financial journey, particularly when you apply for loans or credit cards. It indicates how reliable you are with credit and helps lenders judge how well you manage borrowed money.
CIBIL scores range from 300 to 900, and a higher score improves your chances of obtaining credit on favourable terms. A good CIBIL score also enhances your chances of quicker approvals, higher credit limits, and lower interest rates. This makes it easier to access financial products when required.
A good CIBIL score falls between 700 and 900. This range reflects responsible credit usage, timely repayments, and sound financial behaviour. If your score is in this range, you are more likely to get quick loan and credit card approvals.
You may also receive lower interest rates and higher credit limits. A score between 650 to 749 is considered fair to good, but you need to aim for 750 or above to access the best financial opportunities.
Your CIBIL score is a three-digit number that reflects your creditworthiness. A score of 650 or above is generally considered good for securing loans and credit cards on better terms. Here is what each score range indicates:
| CIBIL Score Range |
Category |
Implications on Credit Cards and Loans |
|---|---|---|
| NTC |
Not Applicable |
"NTC" stands for "New to Credit," meaning you have not taken any loans or credit cards yet and have no credit history. |
| 300–681 |
Very Low Credit Score |
High rejection risk; if approved, low limits and amounts. |
| 681–730 |
Low Credit Score |
Difficult approval; higher rates and low limits common. |
| 731–770 |
Fair Credit Score |
May get basic cards/loans but with less favorable terms. |
| 771–790 |
Good Credit Score |
Eligible for better cards/loans with improved rates and limits. |
| 791 and Above |
Excellent Credit Score |
Strong access to premium cards/loans with low rates and high limits. |
Note: Credit score ranges and categories may vary between different credit bureaus.
A good credit score enables banks and credit card issuers to offer higher credit limits. This gives you more flexibility to handle big expenses without using all your credit.
One of the key benefits of a high CIBIL score is the ability to secure loans and credit cards at lower interest rates.
This allows you to save a substantial amount on EMIs and total repayments over time.
A strong CIBIL score increases your chances of getting loan and credit card applications approved. Lenders consider you a low-risk borrower, which helps reduce the likelihood of rejection.
A high CIBIL score lowers the security deposit needed for rentals, utilities, and mobile services.
Insurance providers may also offer lower premiums on health, life, and motor insurance due to lower perceived risk.
Maintaining a good score grants access to premium financial products. This can include high-limit credit cards, travel reward cards, and exclusive bank deals.
You can receive benefits such as cashback, discounts, airport lounge access, and other privileges.
Here are a few simple and effective tips to maintain and also improve your CIBIL score:
Always pay your loan EMIs, credit card bills, and other dues on or before the due date. Timely payments build a strong credit history and increase your score.
Keep your credit card spending under control and use less than 30% of your total credit limit. A lower utilisation ratio reflects responsible credit behaviour.
Check your CIBIL report at least once every year to identify any errors. Raise a dispute without delay to ensure your score remains accurate.
Start with a secured credit card or a small personal loan to establish a credit history. Responsible usage and timely repayments create a positive track record.
Request your credit card issuer to raise your limit after maintaining a good repayment history. A higher limit helps reduce your utilisation ratio and can improve your CIBIL score.
Here are the loan products that you can get on Bajaj Markets from various lenders:
Unsecured Loan Products |
Secured Loan Products |
Maintaining a good CIBIL score is essential for building strong financial credibility. A high score improves your chances of securing credit and helps you receive more favourable terms. By following simple and consistent practices, you can steadily enhance your score over time.
To stay on top of your credit health, you need to check your CIBIL score regularly through platforms like Bajaj Markets. It provides a quick and hassle-free method to view your score and access relevant tips to improve it over time.
A good credit score usually falls between 670 and 750. It shows you have managed your loans and credit cards well.
A good credit score helps you get lower interest rates on loans. It also helps you get loans approved more easily and access higher credit limits. You may also pay lower deposits and unlock exclusive financial offers.
Your credit score shows how well you manage borrowed money. Banks, insurers, and other companies check it before giving you a loan, credit card, or service. A higher score improves your chances of getting better deals and faster approvals.
The most important thing is to use credit responsibly. This involves:
Making timely payments on your bills and EMIs
Maintaining low credit card utilisation
Regularly reviewing your credit report to correct any errors
A CIBIL score of 750 or above is typically considered good for a personal loan. It shows strong creditworthiness and boosts approval chances with better interest rates.
A CIBIL score of 750 or above is generally seen as good for a credit card. It enhances your chances of approval and may help you receive better credit limits and benefits.