708 CIBIL Score

A CIBIL Score of 708 generally indicates a solid credit standing, which is considered good. In the local financial environment, this score is above the average range, positioning you favourably for various financial opportunities.
 

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A score of 708 falls into the 'good' category, reflecting responsible credit management. It suggests that you have a reliable credit history, with timely payments and low credit utilisation. This score often helps in securing loans and credit cards with favourable terms and lower interest rates.

• Timely payments: Ensure bills and loan instalments are paid on time.
• Credit utilisation: Keep your credit card balances low relative to your credit limits.
• Credit history: A longer history of responsible credit use contributes positively.
   

A score of 708 is a strong foundation, and with diligent credit management, you can continue to enjoy financial benefits and favourable credit conditions.

Improving a credit score of 708 involves several strategic steps. Begin by reviewing your credit report for any inaccuracies or errors and dispute them with the credit bureau. Ensure timely payments on all your loans and credit cards, as late payments can negatively impact your score.
 

• Reduce your credit utilisation: Aim to keep your credit utilisation below 30% of your total credit limit. High credit utilisation can lower your score, so paying down existing balances can be beneficial.
• Maintain a good credit mix: Having a diverse mix of credit types, such as credit cards, auto loans, and personal loans, can positively influence your score. It shows you can manage different types of credit responsibly.
• Avoid opening new credit accounts frequently: Each new credit application can lead to a hard inquiry, which may temporarily lower your score. Only apply for new credit when necessary and avoid frequent applications.
• Keep old accounts open: Length of credit history contributes to your score. Keeping older accounts open, even if not in use, can help maintain a longer credit history.

Improving a 708 credit score requires consistent efforts in managing credit responsibly. By reducing credit utilisation, maintaining a good credit mix, avoiding frequent credit applications, and keeping old accounts open, you can enhance your score over time. Regularly monitor your credit report and practice good financial habits to achieve a higher credit score and greater financial stability.

1. Click on ‘CHECK ELIGIBILITY’ on this page.
2. Enter your 10-digit mobile number and the OTP sent to your phone.
3. Check if you have an offer. If not, fill in the application form with your basic loan details, such as your full name, PAN, date of birth, and PIN code.
4. Now, click on ‘PROCEED’ to visit the loan selection page.
5. Enter the offer or loan amount that you need. Choose from our personal loan variants.
6. Choose the repayment tenure and click on ‘PROCEED’.
7. Complete your KYC and submit your application.
    

Our representative will contact you for further steps.
 

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