804 CIBIL Score

804 CIBIL Score - Simple tips to improve and secure better financial options.
CHECK SCORE
804 CIBIL Score
CHECK SCORE
3 mins read
10-Jan-2025

804 CIBIL Score - Is it good or bad?

A CIBIL score of 804 is considered outstanding in India, well above the 750 thresholds for excellent creditworthiness. With a score of 804, lenders view you as a very low-risk borrower, making you highly eligible for loans, credit cards, and financial products with premium terms. This score reflects exceptional financial discipline, providing easy access to competitive financial offers.

How to improve your 804 CIBIL Score?

With an 804 CIBIL score, you’re in an ideal credit position, but maintaining it is essential. Continue paying bills punctually, limit credit usage, and avoid multiple simultaneous credit applications. Regularly check your credit report for accuracy, swiftly addressing any discrepancies. These proactive steps will help sustain or even slightly improve your score, ensuring continued access to the best financial products.

How does a 804 CIBIL Score impact interest rates?

An 804 CIBIL score positively influences the interest rates you can secure from lenders. With such a high score, you’re seen as a low-risk borrower, leading to lower interest rates on loans and credit facilities. This score can significantly lower borrowing costs, as lenders prefer offering favourable terms to borrowers with excellent credit profiles and a minimal likelihood of default.

Frequently asked questions

Is 804 CIBIL score good?
Yes, an 804 CIBIL score is outstanding, indicating high creditworthiness and financial reliability. This score greatly improves eligibility for competitive loans and premium credit cards in India.

Is 804 credit score bad?
No, an 804 credit score is not bad; it’s excellent. This score signifies responsible credit behaviour, making you an attractive candidate for competitive financial offers.

Can I get a 804 credit card with?
Yes, with an 804 CIBIL score, you’re highly eligible for credit cards. This score qualifies you for premium cards with attractive benefits and exclusive features due to your excellent creditworthiness.

Is 804 credit score needed for a loan?

No, a credit score of 804 is generally considered excellent. Most lenders will approve loans for borrowers with this score, though specific requirements may vary.

How much can you finance with a 804 credit score?

With an 804 credit score, you can likely qualify for higher loan amounts and more favorable interest rates. The exact amount depends on factors like income, debt-to-income ratio, and the type of loan.

What is the lowest CIBIL score for a personal loan?

The lowest CIBIL score for a personal loan varies by lender. However, most lenders prefer a score above 700. Scores below 600 may significantly limit loan options and increase interest rates.

How to increase credit score from 804?

Maintaining an 804 credit score requires responsible credit management. This includes making on-time payments, keeping credit utilization low, and diversifying credit accounts. You can also dispute any inaccurate information on your credit report

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.