FAQs
Video
Rs. 40,000 - Rs. 55 lakh
You may be eligible for a pre-approved offer
Enter mobile number and OTP | Check free credit score
In summary
An 815 CIBIL Score reflects a consistently well-managed credit history. It can place you in a favourable position when applying for a personal loan, although lenders will also review your income, current EMIs, employment stability and requested loan amount.
To maintain your 815 CIBIL Score:
- Continue paying every EMI and credit card bill on or before the due date
- Keep card spending comfortably below your total available credit limit
- Avoid opening new credit accounts without a genuine financial requirement
At this level, the focus should be on preserving the habits that created your strong profile. Responsible borrowing can help you retain greater choice when comparing future loan offers.
How good is an 815 CIBIL Score?
An 815 CIBIL Score is excellent and indicates a dependable record of handling credit. It can make your application attractive to lenders, particularly when your income and repayment capacity support the loan you require.
This score may work in your favour through:
- High lender confidence: A strong repayment history can reduce concerns about delayed or missed payments.
- Better access to loan products: You may be considered for a wider range of personal loan options.
- Favourable pricing potential: Lower perceived risk may help you receive competitive interest rates.
- Improved credit limits: Suitable income and manageable obligations may support higher eligibility.
- Greater freedom to compare: You may be able to evaluate offers based on tenure, charges and loan features.
A strong score gives you room to negotiate, but every offer should still be assessed for affordability. Check your personal loan eligibility to understand which loan amount and repayment plan may suit your requirements.
What else do lenders check beyond your CIBIL Score?
A high CIBIL Score can strengthen an application, but it does not confirm whether a new EMI fits your current budget. Lenders therefore examine your present financial commitments before approving the loan.
Their assessment may include:
- Monthly disposable income: The amount left after regular expenses and existing repayments affects affordability.
- Current debt exposure: Several active loans can reduce fresh eligibility even with an excellent score.
- Employment stability: Consistent employment or business income supports confidence in future repayments.
- Requested loan size: A large loan request may require higher income and supporting documents.
- Recent borrowing activity: Multiple newly opened accounts can indicate a rapid increase in debt.
Repayment capacity: The proposed EMI must remain manageable throughout the selected tenure
Maintaining a sensible balance between income and debt can help your overall profile match the strength of your CIBIL Score.
How an 815 CIBIL Score affects your personal loan
An 815 CIBIL Score can give you a strong starting point when seeking a personal loan. It may influence how lenders price, structure and process the offer, but final approval will depend on the complete application.
Possible advantages include:
- Competitive interest rates: You may be considered for favourable personal loan interest rates under the lender’s policy.
- Higher loan eligibility: Strong income and limited liabilities may support a larger sanctioned amount.
- Simpler credit assessment: A clean repayment record can make your credit history easier to evaluate.
- More tenure choices: You may have greater flexibility when selecting a suitable repayment period.
- Access to relevant offers: Eligible applicants may receive pre-approved or customised loan options.
Do not select a larger loan only because your profile supports it. Check your personal loan eligibility and choose an amount that leaves enough room in your monthly budget.
How an 815 CIBIL Score impacts interest rates
An 815 CIBIL Score indicates low perceived credit risk, which may help you access attractive personal loan interest rates. However, lenders do not use the score as the only basis for pricing.
For example, two applicants may both have scores above 800. The applicant with fewer existing EMIs and a more stable income may receive a better rate than the one carrying several active obligations.
Your score can improve your position, but the requested amount and repayment tenure also affect the final cost. Comparing the total interest payable can help you choose between offers that appear similar at first.
CIBIL Score range: What each band means
A CIBIL Score ranges from 300 to 900 and summarises an individual's past credit behaviour. Lenders use these bands as one part of their wider risk assessment.
| CIBIL Score range | Rating | What it means |
| 300-549 | Poor | The profile may show serious repayment issues, making access to loans difficult. |
| 550-649 | Fair | Credit may be available with higher rates, lower amounts or tighter approval conditions. |
| 650-749 | Good | This range may support regular borrowing, although preferred terms may require a stronger profile. |
| 750-900 | Excellent | Borrowers in this range generally demonstrate reliable credit management and may receive competitive offers. |
An 815 CIBIL Score is positioned firmly within the excellent range. Its real value lies in the flexibility it can provide when your income and repayment capacity are equally strong.
How to maintain and protect your 815 CIBIL Score
Since your score is already excellent, improvement should not involve taking unnecessary credit. The better approach is to protect your repayment record and keep existing accounts under control.
You can maintain your score by:
- Scheduling EMI and card payments before their due dates
- Paying card balances in full whenever possible
- Keeping utilisation low across all active credit cards
- Avoiding repeated applications for loans or cards
- Checking your credit report for unexpected enquiries
- Confirming that repaid accounts are reported correctly
- Retaining older accounts when they remain useful and affordable
- Monitoring repayments on jointly held or guaranteed loans
- Reviewing affordability before adding another EMI
Even a strong credit profile can change when payments are missed or debt rises suddenly. Regular attention to active accounts can help preserve the position you have built.
Related links:
| 642 CIBIL Score | 650 CIBIL Score | 668 CIBIL Score |
| 676 CIBIL Score | 681 CIBIL Score | 694 CIBIL Score |
| 723 CIBIL Score | 732 CIBIL Score | 792 CIBIL Score |
| 794 CIBIL Score | 796 CIBIL Score | 812 CIBIL 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 30.5% p.a. |
Processing fees | Up to 4.13% 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. |
Not your nearest branch?
Related articles
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