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In summary
A 653 CIBIL Score indicates limited to moderate credit strength. It does not stop access to loans, but approval terms depend heavily on income, repayment history, and existing financial commitments.
At this score, lenders assess risk more closely before deciding loan amount, interest rate, and repayment terms.
Is a 653 CIBIL Score considered good?
A 653 CIBIL score is generally treated as a good score. Many lenders may approve personal loans and credit cards for borrowers in this range, subject to income and repayment capacity.
Eligible borrowers may apply for personal loans ranging from Rs. 40,000 to Rs. 55 lakh depending on the lender’s policy and repayment profile.
What factors do lenders evaluate apart from the CIBIL Score?
Lenders assess several financial factors before approving a loan application. The CIBIL score is important, but it is not the only factor considered.
- Repayment history and missed payments
- Current EMIs and existing debt obligations
- Employment status and monthly income
- Credit utilisation ratio
- Length of credit history
- Recent loan enquiries
How does a 653 CIBIL Score affect personal loan approval?
A 653 CIBIL Score falls in the fair range. It shows that credit is being used, but repayment behaviour may not be fully consistent. Lenders may still consider a personal loan application, but they will review the profile more carefully before making a decision.
At this score level, personal loan approval depends more on overall financial strength than the score alone.
- Loan approval depends on full profile – Income stability, job type, and existing EMIs play a major role along with the score
- Loan amount may be adjusted – The approved amount may be based on repayment capacity and monthly income
- Interest rates may be higher – Lenders may charge more due to moderate credit risk
- Extra document checks may happen – Salary slips, bank statements, and employment details may be reviewed closely
- Processing may take longer – Additional verification can extend approval time
- Lender approach may vary – Some lenders may approve, while others may apply stricter criteria
Even with a 653 CIBIL Score, a stable income and low existing debt can improve approval chances and help secure better loan terms over time.
Does a 653 CIBIL Score impact interest rates?
A 653 CIBIL Score falls in the fair range. It shows average credit strength, so lenders may consider it a moderate-risk profile while deciding interest rates for a personal loan.
At this score level, interest rates are usually not the lowest in the market. They may be higher compared to borrowers with stronger credit scores.
- Higher interest rates than good scores – Lenders may charge more as the risk is slightly higher
- Overall borrowing cost may increase – Even a small rate difference can raise total repayment over time
- Better rates depend on improvements – Scores above 700–750 often receive more competitive offers
- Income and stability still matter – Strong salary and low debt can help secure better pricing
Improving the CIBIL Score over time can help reduce interest rates and improve loan affordability.
CIBIL Score ranges explained
A CIBIL Score ranges from 300 to 900. It shows how responsibly credit has been managed over time. Lenders use it to understand repayment behaviour and decide loan approval and interest rates.
| CIBIL Score Range | Rating | Meaning |
|---|---|---|
| 300–549 | Poor | High risk. Loan approval is difficult. |
| 550–649 | Fair | Limited credit strength. Approval may come with strict terms. |
| 650–749 | Good | Stable credit behaviour. Better chances of approval. |
| 750–900 | Excellent | Strong credit profile. Faster approval and better loan offers. |
A higher CIBIL Score improves the chances of loan approval, better interest rates, and higher credit limits. Lenders also review income, job stability, and existing debt before making a final decision.
How to maintain or improve a 653 CIBIL Score
A 653 CIBIL Score is in the fair range. It shows that credit is being used, but there is still scope to build a stronger repayment profile. With simple and consistent habits, the score can improve over time.
- Pay EMIs and bills on time – Timely payments build a strong repayment record and prevent score drops
- Keep credit usage low – Using less credit shows better financial control and reduces risk signals
- Avoid multiple loan applications – Frequent applications can create unnecessary enquiries and slow score growth
- Reduce existing debt – Lower outstanding EMIs improve repayment capacity and credit strength
- Maintain older credit accounts – A longer credit history helps build stability in the profile
- Check credit report regularly – Helps identify errors and fix issues that may be affecting the score
With consistent discipline, a 653 CIBIL Score can gradually improve and move closer to the good range, helping you access better loan offers and lower interest rates.
Key offerings: 3 loan types
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) |
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:
Part Pre-payment
|
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.
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 |
| Credit guarantee scheme fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year. *Renewal Fee to be collected only for 3 subsequent financial years. **If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated. |
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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*.
For customer support, call Personal Loan IVR: 7757 000 000