796 CIBIL Score

796 CIBIL Score - Simple tips to improve and secure better financial options.
CHECK SCORE
796 CIBIL Score
CHECK SCORE
3 mins read
14-Dec-2024

796 CIBIL Score - Is it good or bad?

A CIBIL score of 796 is considered excellent in India. Scores above 750 generally reflect strong creditworthiness, and a score nearing 800 signifies exceptional financial responsibility. Lenders view this score favourably, increasing your chances of loan approvals and access to premium credit cards with better benefits. You're seen as a low-risk borrower, which can simplify your financial endeavours.

How to improve your 796 CIBIL Score?

While a score of 796 is already excellent, you can aim for an even higher score by consistently paying your bills on time and maintaining a low credit utilisation ratio. Avoid applying for multiple loans or credit cards simultaneously, and regularly check your credit report for inaccuracies. These practices can help you achieve a near-perfect score, offering even more financial advantages.

How does a 796 CIBIL Score impact interest rates?

Having a 796 CIBIL score positively affects the interest rates offered to you by lenders. With such a high score, you're likely to qualify for loans with lower interest rates, reducing the overall cost of borrowing. Banks and financial institutions compete to offer you better terms, recognising your strong credit history and low default risk.

Frequently asked questions

Is 796 CIBIL score good?
Yes, a 796 CIBIL score is excellent. It indicates strong creditworthiness and financial discipline, enhancing your eligibility for loans and credit cards with favourable terms in India.

Is 796 credit score bad?
No, a 796 credit score is not bad at all. It reflects a high level of credit reliability, making you an attractive candidate for lenders offering competitive interest rates.

Can I get a 796 credit card with?
Absolutely, with a 796 CIBIL score, you can easily obtain credit cards. Lenders are likely to offer you premium credit cards with enhanced features and benefits due to your excellent credit standing.

Is 796 credit score needed for a loan?

A 796 credit score is not necessary for obtaining a loan, but it is excellent and will likely secure you the best possible terms and lowest interest rates from lenders.

How much can you finance with a 796 credit score?

With a 796 credit score, you are likely eligible for high loan amounts, as lenders view this score as indicative of a very reliable borrower with a strong financial history.

What is the lowest CIBIL score for a personal loan?

The minimum CIBIL score required for a personal loan varies by lender, but typically, scores of at least 600 are needed to qualify. Lower scores may still secure loans, but with less favorable terms and higher interest rates.

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.