732 CIBIL Score - Is it good or bad?
A 732 CIBIL score is generally considered good in India. While it’s just below the "very good" range, a score of 732 reflects responsible credit behaviour, making it easier to qualify for loans and credit cards. Although an excellent score above 750 may offer the best terms, a 732 score still enables access to favourable credit options from most lenders.
How to improve your 732 CIBIL Score?
To improve a 732 CIBIL score, prioritise timely payments on all outstanding EMIs and credit card dues. Keep credit utilisation low and avoid opening multiple new credit accounts. Monitoring your credit report for inaccuracies and maintaining consistent financial discipline will help gradually boost your score, potentially unlocking even better loan and credit card terms over time.
How does a 732 CIBIL Score impact interest rates?
With a 732 CIBIL score, you can typically secure moderate to competitive interest rates. Although it’s a good score, lenders may offer slightly better terms for scores above 750. However, a 732 score still reflects positive creditworthiness, allowing borrowers to access fair interest rates on loans and credit products with relatively flexible terms.
