657 CIBIL Score

657 CIBIL Score: Simple Tips to Improve and Secure Better Financial Options
CHECK SCORE
657 CIBIL Score
CHECK SCORE
3 mins read
05-Feb-2025

657 CIBIL Score: Is it Good or Bad?

A 657 CIBIL score is considered average, indicating a moderate credit risk. It is slightly below the "good" range, meaning lenders may view you as somewhat risky. While you may qualify for loans or credit cards, the terms might not be ideal. To access better financial products and lower interest rates, aim to increase your score above 700. Improving your score through consistent financial discipline will enhance your creditworthiness, enabling you to secure better deals and greater financial opportunities in the future. A 657 score highlights the importance of maintaining good credit habits for long-term financial stability.

How to improve your 657 CIBIL Score?

Improving a 657 CIBIL score requires attention to financial behaviour. Pay all your bills, EMIs, and credit card dues on time, as punctual repayments directly impact your score positively. Keep your credit utilisation low, ideally under 30% of your credit limit. Avoid frequent loan or credit card applications to minimise hard inquiries. Check your CIBIL report regularly for errors and get them corrected promptly. Building a balanced credit profile by maintaining both secured and unsecured credit helps improve your score. With patience and consistent financial discipline, you can elevate your score above 700, unlocking better credit opportunities and terms.

How does a 657 CIBIL Score impact interest rates?

A 657 CIBIL score can result in higher interest rates on loans and credit cards, as lenders view it as a moderate-risk score. Borrowers with such scores may face stricter lending terms, including smaller loan amounts and higher repayment costs. While you can still access credit, the financial burden is higher compared to borrowers with scores above 750. Improving your score by paying dues on time, reducing credit utilisation, and avoiding unnecessary credit inquiries can help you secure better interest rates. A higher CIBIL score demonstrates financial responsibility, allowing you to enjoy reduced borrowing costs and more favourable terms.

Frequently asked questions

Is 657 CIBIL score good?
A 657 CIBIL score is average but below the "good" range. While it shows moderate creditworthiness, lenders may view it as risky. You may qualify for loans or credit cards, but the terms might be less favourable. Improving your score above 700 can significantly enhance your financial opportunities and access to better credit products.

Is 657 credit score bad?
A 657 credit score is not bad, but it is slightly below the desired "good" range. It indicates moderate credit risk, which could lead to higher interest rates and limited credit options. By practising timely payments, reducing credit utilisation, and maintaining a healthy credit mix, you can improve your score and secure better financial terms.

Can I get a 657 credit card with?
Yes, you can get a credit card with a 657 CIBIL score, but your choices might be limited to basic or entry-level cards. Banks may offer cards with lower credit limits and fewer benefits. To access premium cards with better rewards and higher limits, work on improving your score above 750 through consistent financial discipline.

Show More Show Less

Related videos

Bajaj Finserv app for all your financial needs and goals

Trusted by 50 million+ customers in India, Bajaj Finserv App is a one-stop solution for all your financial needs and goals.

You can use the Bajaj Finserv App to:

Apply for loans online, such as Instant Personal Loan, Home Loan, Business Loan, Gold Loan, and more.

Explore and apply for co-branded credit cards online.

Invest in fixed deposits and mutual funds on the app.

Choose from multiple insurance for your health, motor and even pocket insurance, from various insurance providers.

Pay and manage your bills and recharges using the BBPS platform. Use Bajaj Pay and Bajaj Wallet for quick and simple money transfers and transactions.

Apply for Insta EMI Card and get a pre-approved limit on the app. Explore over 1 million products on the app that can be purchased from a partner store on Easy EMIs.

Shop from over 100+ brand partners that offer a diverse range of products and services.

Use specialised tools like EMI calculators, SIP Calculators

Check your credit score, download loan statements and even get quick customer support—all on the app.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

GET THE APP

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.