759 CIBIL Score

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

759 CIBIL Score - Is it good or bad?

A 759 CIBIL score is excellent for Indian borrowers. It reflects a strong credit history and responsible credit management. Lenders view this score as highly reliable, offering you the best financial products, including loans and credit cards at favourable terms. With a 759 score, you can expect low-interest rates and quick approvals. This score showcases trustworthiness, putting you in an ideal position for borrowing.

How to improve your 759 CIBIL Score?

To improve your 745 CIBIL score, focus on making timely payments for credit card bills and loan EMIs. Reduce your credit utilisation to below 30% of your available limit, and avoid applying for too many loans or credit cards within a short period. Regularly review your credit report for errors and maintain a balanced credit mix. These efforts will help increase your score above 750.

How does a 759 CIBIL Score impact interest rates?

A 759 CIBIL score ensures access to the lowest available interest rates from lenders. Borrowers with a score above 750 are seen as low-risk, making them eligible for premium financial products with competitive interest rates. Whether applying for loans or credit cards, this score positions you to receive the most favourable terms, reducing overall borrowing costs and increasing loan affordability.

Benefits of having a 759 credit score

  • Improved loan approval chances: Lenders consider a 759 credit score favourable, increasing your likelihood of loan approval for various purposes like home mortgages, auto loans, and personal loans.
  • Lower interest rates: A higher credit score often translates to lower interest rates on loans and credit cards, saving you money in the long run.
  • Better credit card offers: You may qualify for premium credit cards with attractive rewards, low-interest rates, and exclusive perks.
  • Enhanced financial credibility: A 759 credit score demonstrates responsible financial behaviour, boosting your credibility with lenders and potential landlords.
  • Potential for higher credit limits: Lenders may offer higher credit limits on your existing cards, providing greater financial flexibility.
  • Peace of mind: Knowing you have a strong credit score can provide a sense of financial security and empower you to make informed financial decisions.

Frequently asked questions

Is 759 CIBIL score good?
Yes, a 759 CIBIL score is excellent. It reflects strong financial discipline and responsible credit management. Lenders consider this score ideal, offering borrowers low-interest rates and favourable terms on loans and credit cards. With a score above 750, you are in an excellent position to receive the best financial products, making borrowing easier and more cost-effective.

Is 759 credit score bad?
No, a 759 credit score is not bad. It is, in fact, an excellent score, indicating responsible credit management. Lenders will view you as a low-risk borrower, making you eligible for low-interest rates and premium financial products. With this score, you are likely to receive quick approvals and attractive loan and credit card offers from banks and financial institutions.

Can I get a credit card with 759?
Yes, with a 759 credit score, you can easily qualify for most credit cards. Lenders consider this score excellent, meaning you are eligible for premium cards with rewards, low-interest rates, and additional benefits. A score above 750 ensures that you receive attractive offers, giving you access to the best credit card options available in India.

How much can you finance with a 759 credit score?

A credit score of 759 is considered excellent, making you eligible for significant loan amounts and favourable interest rates. The exact amount depends on factors like your income, debt-to-income ratio, and lender's specific policies. However, with a 759 score, you can expect competitive offers from various lenders.

What is the lowest CIBIL score for a personal loan?

While there's no strict minimum CIBIL score for a personal loan, lenders generally prefer scores above 700. However, some lenders may consider applications with lower scores, often with higher interest rates and stricter terms. It's advisable to have a score of at least 650 to increase your chances of approval.

How to increase credit score from 759?

While a 759 credit score is already excellent, there are strategies to further improve it:

  • Timely payments: Prioritise consistent and on-time payments for all credit accounts.
  • Lower credit utilisation: Keep your credit utilisation ratio (credit used vs. credit limit) below 30%.
  • Diverse credit mix: Maintain a healthy mix of credit types (credit cards, loans) to demonstrate responsible credit management.
  • Avoid new credit: Limit applications for new credit cards or loans, as each inquiry can temporarily lower your score.
  • Monitor credit report: Regularly review your credit report for errors and inaccuracies, and dispute any discrepancies.

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.