793 CIBIL Score

793 CIBIL Score - Simple tips to improve and secure better financial options.
CHECK SCORE
793 CIBIL Score
CHECK SCORE
3 mins read
25-Dec-2024

793 CIBIL Score - Is it good or bad?

A 793 CIBIL score is considered excellent in India, indicating a history of responsible credit use and solid financial discipline. This score positions you as a low-risk borrower, making it easy to access credit products, such as loans and credit cards, with attractive terms. Lenders favour applicants with scores in this range, often offering premium options and additional benefits.

How to improve your 793 CIBIL Score?

With a 793 CIBIL score, you’re already in the excellent range. To maintain or slightly improve this score, continue making timely payments and keep credit utilisation low. Avoid applying for too many new accounts, and monitor your CIBIL report regularly to correct any potential errors. Maintaining these practices will help you retain access to top financial products.

How does a 793 CIBIL Score impact interest rates?

A 793 CIBIL score generally secures the lowest available interest rates and favourable terms. Lenders view this score as excellent, providing access to highly competitive loan and credit card offers. Borrowers with a 793 score are considered low-risk, often benefiting from flexible repayment options and minimal interest rates, making borrowing more affordable and manageable.

Frequently asked questions

Is 793 CIBIL score good?
Yes, a 793 CIBIL score is excellent in India. It indicates strong creditworthiness, giving you access to loans and credit cards with highly favourable terms.

Is 793 credit score bad?
No, a 793 credit score is not bad. It’s an excellent score that reflects responsible credit management, enabling access to premium financial products.

Can I get a 793 credit card with?
Yes, with a 793 CIBIL score, you’re highly eligible for credit cards, including premium options. Lenders offer favourable terms and additional benefits to individuals with this score.

How much can you finance with a 793 credit score?

With a 793 credit score, you can finance substantial amounts as it is considered excellent. Lenders offer higher loan limits, lower interest rates, and better terms due to the low credit risk associated with this score.

What is the lowest CIBIL score for a personal loan?

The minimum CIBIL score for a personal loan is usually around 600. However, a score above 700 significantly improves approval chances and provides access to favourable interest rates and flexible repayment terms.

How to increase credit score from 793?

While 793 is already a strong credit score, maintaining low credit utilisation, making timely payments, and avoiding frequent loan inquiries can further enhance it. Regularly reviewing your credit report for errors can also help maintain a high score.

Show More Show Less

Related videos

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:

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.

Download the Bajaj Finserv App today and experience the convenience of managing your finances on one app.

Do more with the Bajaj Finserv App!

UPI, Wallet, Loans, Investments, Cards, Shopping and more

GET THE APP

Disclaimer

1. Bajaj Finance Limited (“BFL”) is a Non-Banking Finance Company (NBFC) and Prepaid Payment Instrument Issuer offering financial services viz., loans, deposits, Bajaj Pay Wallet, Bajaj Pay UPI, bill payments and third-party wealth management products. The details mentioned in the respective product/ service document shall prevail in case of any inconsistency with respect to the information referring to BFL products and services on this page.

2. All other information, such as, the images, facts, statistics etc. (“information”) that are in addition to the details mentioned in the BFL’s product/ service document and which are being displayed on this page only depicts the summary of the information sourced from the public domain. The said information is neither owned by BFL nor it is to the exclusive knowledge of BFL. There may be inadvertent inaccuracies or typographical errors or delays in updating the said information. Hence, users are advised to independently exercise diligence by verifying complete information, including by consulting experts, if any. Users shall be the sole owner of the decision taken, if any, about suitability of the same.