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In summary
A 798 CIBIL score is considered excellent by most lenders. It may support faster approvals, higher loan eligibility, and better borrowing terms. However, lenders also assess your income, repayment capacity, and existing liabilities before approval.
To maintain your 798 CIBIL Score:
- Pay EMIs and bills on time
- Keep credit card usage balanced
- Avoid multiple loan applications together
- Review your credit report regularly
How good is a 798 CIBIL Score?
A 798 CIBIL Score is considered an excellent credit score on the 300–900 scale. It shows that the borrower has managed credit responsibly by making timely repayments and maintaining healthy credit usage. Lenders may view this score positively while evaluating applications for personal loans, home loans, credit cards, and other financial products. A high score like 798 may also improve the chances of getting competitive interest rates, higher loan amounts, and flexible repayment options.
If your score is 798 or higher, you are already in a strong position to access better loan offers. Check your personal loan eligibility in just 2 steps to understand how much you can qualify for — without affecting your score.
What else do lenders check beyond your CIBIL Score?
Lenders also review several financial factors before approving a loan:
- Repayment history: Checks whether previous loan and credit card payments were made on time.
- Existing EMIs and liabilities: Evaluates current loan obligations and monthly repayment burden.
- Credit utilisation ratio: Measures how much credit limit is being used compared to the available limit.
- Employment and income stability: Reviews job consistency and regular income for repayment capacity.
- Recent credit enquiries: Multiple loan or credit applications within a short period may indicate higher credit dependency.
How a 798 CIBIL Score affects your personal loan
A 798 CIBIL Score may positively affect personal loan eligibility by improving the chances of approval, competitive interest rates, higher loan amounts, and flexible repayment options.
- Loan amount ranges from Rs. 40,000 to Rs. 55 lakh
- Tenure ranges from 12 months to 108 months
- Interest rate ranges from 10% and 30% p.a.
- Quick approval and disbursal within 24 hours*
- No collateral required and minimal documentation
If this is your first time applying for a personal loan, a 798 CIBIL Score puts you in a strong position from the start. Check your eligibility now and plan your expenses with confidence.
How a 798 CIBIL Score impacts interest rates
A 798 CIBIL Score can positively impact the interest rates offered on a personal loan. Since this score falls in the excellent range, lenders may consider the borrower financially responsible and less risky. A high CIBIL Score usually reflects timely EMI payments, disciplined credit usage, and stable repayment behaviour.
With a 798 CIBIL Score, borrowers may improve their chances of getting competitive interest rates on personal loans, home loans, and credit cards. Lenders may also offer better repayment flexibility, higher loan amounts, and faster loan processing based on the overall financial profile.
However, the final interest rate also depends on other factors such as income, employment stability, existing EMIs, repayment capacity, and lender policies. Maintaining a strong credit score along with healthy financial habits can help borrowers access better loan terms over time.
CIBIL Score range: What each band means
| CIBIL Score Range | Rating | What It Means |
|---|---|---|
| 300–549 | Poor | Higher repayment risk and lower approval chances. |
| 550–649 | Fair | Loans may come with stricter conditions. |
| 650–749 | Good | Better approval chances and loan terms. |
| 750–900 | Excellent | Strong eligibility for competitive loan offers. |
How to maintain or improve your 798 CIBIL Score
- Pay all dues before the deadline
- Keep credit utilisation below 40%
- Avoid unnecessary borrowing
- Maintain long-term credit discipline
- Check your credit report regularly
A 798 CIBIL score already reflects strong repayment discipline. Maintaining healthy financial habits can help preserve this excellent score.
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee | Applicable charges |
Rate of interest per annum | 10% to 30% p.a. |
Processing fees | Up to 3.93% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge | Term Loan – Not applicable Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes) |
Bounce charges | Rs. 700 to Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
Part-prepayment charges | Full Pre-payment:
Part Pre-payment
|
Penal charge | Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges | Term Loan: Not applicable Flexi Term (Dropline) Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.
Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure |
| Credit guarantee scheme fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year. *Renewal Fee to be collected only for 3 subsequent financial years. **If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated. |
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Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000