656 CIBIL Score

A 656 CIBIL score falls in the average range, suggesting you are a moderate-risk borrower. It is neither poor nor excellent, but it indicates you have some work to do to reach the "good" category. While you may qualify for loans or credit cards, the terms might not be favourable. Lenders often provide higher interest rates or lower credit limits for such scores. Aiming for a score above 700 improves your chances of securing better financial products. Consistent financial discipline and responsible credit behaviour can help move your score into the desirable range, offering more opportunities and better terms.
 

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Enhancing a 656 CIBIL score requires focused efforts on credit management. Start by paying all your bills and EMIs on or before the due date. Timely payments significantly impact your credit score positively. Minimise credit card usage by keeping your credit utilisation ratio below 30%. Avoid applying for multiple loans or credit cards simultaneously, as frequent hard inquiries can lower your score. Regularly review your CIBIL report to identify and correct errors or discrepancies. Maintaining a mix of secured and unsecured credit accounts also helps improve your credit profile over time. With patience and disciplined financial practices, your score can improve steadily.

A 656 CIBIL score impacts your ability to secure loans or credit cards at competitive interest rates. Lenders perceive borrowers with such scores as moderately risky, leading to higher interest rates and stricter terms. You may still qualify for loans, but the repayment costs will be higher due to the added risk premium. A lower score also affects your eligibility for premium financial products. Improving your score by adopting good financial habits can reduce your borrowing costs. A higher CIBIL score, typically above 750, signals reliability, allowing you to access better rates, flexible terms, and greater financial opportunities.

1. Click on ‘CHECK ELIGIBILITY’ on this page.
2. Enter your 10-digit mobile number and the OTP sent to your phone.
3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
4. Now, click on ‘PROCEED’ to visit the loan selection page.
5. Enter the offer or loan amount that you need. Choose from our personal loan variants.
6. Choose the repayment tenure and click on ‘PROCEED’.
7. Complete your KYC and submit your application.
    

Our representative will contact you for further steps.
 

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