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Even if a credit score of 700u00a0is Very Good, it can be higher. You may qualify for the absolute best loan terms, including the lowest interest rates and fees, and the most alluring credit-card rewards programmes, if you can raise your score to the exceptional range (800-850).
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CIBIL SCORE A CIBIL Score above 700 is considered a good CIBIL Score. BAJAJ FINSERV READ MORE
Benefits of Good CIBIL Score 1 Personalised Offer 2 Easy Loan Approval 3 Longer Loan Tenure 4 Higher Loan Amount BAJAJ FINSERV
Personalised Offer A personal loan requires a minimum CIBIL score of between 720 and 750. If you have a good credit score, lenders will easily approve your application for a personal loan. They might also provide you with the loan amount you want at a low interest rate. BAJAJ FINSERV
Easy Loan Approval For the best deals on loans and credit cards, you should aim for a score that is closer to 900. BAJAJ FINSERV
BAJAJ FINSERV Longer Loan Tenure Long-term employment can also improve your credit score, and as long as you continue to make your scheduled payments, your financial history will reflect the higher score.
Higher Loan Amount A borrower is more likely to be approved for a larger loan with a low interest rate if their CIBIL Score is between 700 and 900.
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