749 CIBIL Score - Is it good or bad?
A 749 CIBIL score is considered very good in India, almost reaching the "excellent" range. This score reflects responsible financial behaviour and a positive credit history, which increases your eligibility for loans and credit cards. Most lenders view a 749 score favourably, allowing access to competitive terms, though a slightly higher score may unlock even better offers.
How to improve your 749 CIBIL Score?
To improve a 749 CIBIL score, focus on consistently paying EMIs and credit card bills on time. Reducing credit card balances and maintaining a low credit utilisation ratio are also essential steps. Regularly checking your CIBIL report for errors helps maintain an accurate score. With disciplined credit behaviour, you can gradually achieve an excellent score, securing the best possible terms.
How does a 749 CIBIL Score impact interest rates?
With a 749 CIBIL score, you’re likely to qualify for competitive interest rates from lenders. This score is just below the “excellent” range, meaning lenders often extend favourable terms. Borrowers with a 749 score can generally access low to moderate interest rates, though achieving a score above 750 may yield even slightly better financial advantages.
