788 CIBIL Score

788 CIBIL Score

Simple tips to improve your CIBIL Score and secure better financial options. Check your eligibility for personal loan with your phone and OTP - no branch visit needed.
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Rs. 40000 - Rs. 55 lakh

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788 CIBIL Score - Is it good or bad?

A 788 CIBIL Score is excellent, reflecting a strong credit history and responsible financial behaviour. It positions you as a low-risk borrower, making it easier to secure loans and credit cards with favourable terms. Lenders view you positively and may offer higher credit limits, lower interest rates, and premium financial products. With this score, you have access to the best available financial opportunities.
 

✅  You can check your eligibility using just your mobile number and OTP through a 100% online process.

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How to improve your 788 CIBIL Score?

To improve a 788 CIBIL score, focus on timely payments for all loans and credit card bills. Keep your credit utilisation ratio low, ideally below 30%. Avoid applying for multiple loans or credit cards within a short period, as it can affect your score. Regularly check your credit report for any discrepancies and address them promptly to maintain or improve your score.

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How does a 788 CIBIL Score impact interest rates?

  • Step-by-step guide to apply for a personal loan

    A 788 CIBIL score allows you to access the best interest rates available. Lenders view you as a low-risk borrower, which means you can secure loans and credit cards with lower interest rates. This score allows you to negotiate better loan terms, which can help reduce your overall borrowing costs, giving you more financial flexibility.


     

    Check your eligibility for personal loan using just mobile number and OTP – 100% online process.

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Conclusion

A 788 CIBIL Score reflects excellent credit health and strong financial discipline. It helps you secure loans and credit cards on favourable terms, lower interest rates, and higher limits. Maintaining responsible credit habits ensures continued financial flexibility.

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Key offerings: 3 loan types

  • Flexi Hybrid Term Loan
  • Flexi Term (Dropline) Loan
  • Term Loan

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    You can pay interest-only EMIs for up to 36 months, after which, the EMI will consist of both, the principal and the interest. EMI is applicable only on the withdrawn amount.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Withdraw and prepay – no extra charges
    You can withdraw from your limit and prepay as many times as you want, without extra charges.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest on the loan amount you withdraw.

  • Flexi facility charges
    Flexi facility charges applicable based on your loan amount.

  • Amount disbursed in one go
    The entire loan amount is disbursed at the start.

  • Instalment pattern
    Fixed EMIs that cover both the principal and interest.

  • Flexi facility charges
    No Flexi facility charges.

Personal loan interest rate and applicable charges

Type of fee

Applicable charges

Rate of interest per annum

10% to 30% p.a.

Processing fees

Up to 3.93% of the loan amount (inclusive of applicable taxes).

Flexi Facility Charge

Term Loan – Not applicable

Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes)

Will be deducted upfront from loan amount.

Bounce charges

Rs. 700 to Rs. 1,200/- per bounce

“Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason.

Part-prepayment charges

Full Pre-payment:

  • Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount as on the date of full pre-payment

  • Flexi Term (Dropline) Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

  • Flexi Hybrid Term Loan: Up to 4.72% (Inclusive of applicable taxes) on the outstanding loan amount, as on the date of full prepayment.

Part Pre-payment

  • Up to 4.72% (Inclusive of applicable taxes) of the principal amount of Loan prepaid on the date of such part Pre-Payment.

  • Not Applicable for Flexi Term (Dropline) Loan and Flexi Hybrid Term Loan.

Penal charge

Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount.

Stamp duty (as per respective state)

Payable as per state laws and deducted upfront from loan amount.

Annual maintenance charges

Term Loan: Not applicable

Flexi Term (Dropline) Loan:

Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.


Flexi Hybrid Term Loan:

Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure

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Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
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