734 CIBIL Score

734 CIBIL Score - Simple tips to improve and secure better financial options.
CHECK SCORE
734 CIBIL Score
CHECK SCORE
3 mins read
27-Nov-2024

734 CIBIL Score - Is it good or bad?

A 734 CIBIL Score is considered good, placing you just below the excellent range. It shows responsible credit management and provides access to a wide range of credit products with favourable terms. Lenders view this score positively, offering competitive interest rates on loans and credit cards. However, further improvement can unlock even better financial options and interest rates.

How to improve your 734 CIBIL Score?

To improve a 734 CIBIL score, continue paying your bills on time and ensure that your credit utilisation ratio remains low. Avoid unnecessary credit inquiries, and aim for a balanced mix of credit products. Regularly monitor your credit report for any discrepancies and correct them promptly. Gradual improvements will push your score into the excellent range.

How does a 734 CIBIL Score impact interest rates?

A 734 CIBIL score generally qualifies you for competitive interest rates on loans and credit cards. Lenders consider this score to reflect sound credit management, so they offer favourable terms. While a 734 score is good, pushing it further towards 750 or above could help you secure even better interest rates, especially for premium credit products.

Frequently asked questions

Is 734 CIBIL score good?
Yes, a 734 CIBIL score is good. It demonstrates responsible credit behaviour and opens up access to favourable interest rates and credit options. Lenders generally view this score positively, making it easier to qualify for loans and credit cards with competitive terms, though further improvement could unlock even better deals.

Is 734 credit score bad?
No, a 734 credit score is not bad. It is considered good and reflects responsible credit management. This score provides access to various credit products at competitive interest rates. While not in the excellent range, it is still strong enough to give you favourable terms from most lenders.

Can I get a credit card with 734?
Yes, with a 734 CIBIL score, you can easily get a credit card. Lenders view this score favourably, so you are likely to qualify for credit cards with good rewards and benefits. You may also receive competitive interest rates and higher credit limits compared to those with lower credit scores.

Is 734 credit score needed for a loan?

A 734 credit score is considered good and increases your chances of loan approval. However, it's not a strict requirement. Lenders may consider other factors like income, employment history, and existing debts.

How much can you finance with a 734 credit score?

The loan amount you can finance with a 734 credit score depends on various factors, including your income, debt-to-income ratio, and the lender's policies. Generally, a good credit score can help you secure larger loan amounts at competitive interest rates.

What is the lowest CIBIL score for a personal loan?

While there's no definitive lowest CIBIL score for a personal loan, a score above 650 is generally considered good. However, lenders may still consider applications with lower scores, but the interest rates and terms may be less favourable.

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.
  • 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.