India’s first Credit Pass, powered by CIBIL | Plans starting at Rs. 59 - Bajaj Finserv (2024)

FAQs

What is the cibil score required for Bajaj Finserv? ›

For our application, a CIBIL Score of 720 or more is required with no past record of defaults. Repayment history: Repaying your EMIs on time is a sign of financial responsibility. Your credit score increases when you pay your EMI on time. Your credit score decreases when you don't make a monthly payment.

TransUnion CIBIL

Its scoring system ranges from 300 to 900, with 900 being the highest and 300 being the minimum CIBIL score.

However, many banks and financial institutions provide credit cards to customers who do not have a CIBIL Score. You can establish your credit history by using secured credit cards, add-on credit cards, prepaid credit cards, or credit cards depending on your salary statement.

The maximum CIBIL score one can achieve is 900. However, reaching this score is rare and not necessary for obtaining a credit card. A score of 800 or more is considered excellent and considered highly favourable for best credit card offers with lower interest rates and higher credit limits.

Your CIBIL score, calculated based on your credit behavior as reflected in the 'Accounts' and 'Enquiries' section of your CIR, ranges between 300-900. A score above 700 is generally considered good.

This can happen when you have just begun your financial journey or haven't engaged with credit products in the past. CIBIL Score of -1: This score is quite different from having a score of 0. This is not a mark of failure; instead, it signifies a blank slate.

CIBIL scores range between 300 and 900. The closer the score is to 900, the better it is considered. While a score between 300 and 549 is deemed to be poor, anything from 550 to 700 is deemed to be fair. Scores belonging to either category can be improved.

Since everyone's credit journey is different, there's no one standard credit score everyone starts with. And you can have different credit scores depending on the credit-scoring model—either FICO or VantageScore. You won't start with a score of zero, though. You simply won't have a score at all.

Is taking the Bajaj Finserv EMI card a good option? Absolutely. Opting for the Bajaj Finserv Insta EMI Card is a prudent decision. Its swift approval process, widespread acceptance, and No Cost EMI option ensure a seamless and cost-effective shopping experience.

Does Bajaj Finserv require down payment? ›

Shop all you want with zero downpayment - Bajaj Finserv.

The Bajaj Finserv EMI Network Card can get blocked for multiple reasons such as: Failing to pay EMIs on time. Not being able to submit the ECS mandate correctly. Your CIBIL Score has drastically dropped below 750.

Highlights: While older models of credit scores used to go as high as 900, you can no longer achieve a 900 credit score. The highest score you can receive today is 850. Anything above 800 is considered an excellent credit score.

A CIBIL Score of 777 falls within the excellent credit score range, which typically ranges from 750 to 900. This impressive score suggests that you have managed your credit responsibly, making timely payments, and maintaining a healthy credit history.

If you consider CIBIL scores, 750 is an excellent score to have. You can easily get any loan at good interest rates. If you further want to improve your CIBIL score, you can follow these steps consistently. The higher your credit score, the easier negotiation power you will have while taking loans.

Is 700 Considered To Be A Good Credit Score? CIBIL score ranges from 300 to 900. Any score that falls between 690 to 719 is considered a good credit score. So, a credit score of 700 is not only good but also creditworthy.

Your score falls within the range of scores, from 580 to 669, considered Fair.

While a score of 600 does not automatically disqualify borrowers from securing loans, it often limits their options regarding loan amounts, terms, and interest rates.