3 mins read
18-Sept-2024
Frequently asked questions
Is 697 credit score bad?
A credit score of 697 is generally considered good. It falls into the "good" range of most credit scoring models, indicating that you have a solid credit history and are likely to be a reliable borrower. While it's not at the top of the scale, it positions you well for favourable loan terms and interest rates. With continued responsible credit management, you can further improve your score.
Can anyone have 900 CIBIL Score?
Yes, achieving a CIBIL Score of 900 is possible, though rare. A score of 900 is the highest rating, indicating excellent creditworthiness. It reflects consistent timely payments, low credit utilisation, and a clean credit history. Maintaining this score requires disciplined financial habits, including prompt bill payments, responsible credit usage, and minimal debt. Regularly monitoring and managing your credit can help in reaching and sustaining this exceptional score.
Is 700 a bad CIBIL Score?
A CIBIL Score of 700 is not considered bad. It is generally seen as a good score, indicating responsible credit management and a relatively low risk for lenders. However, to secure the best interest rates and terms, aiming for a higher score, ideally above 750, can be advantageous. Maintaining a good score improves your chances of obtaining favourable credit and loan offers.
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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:
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.