Is CIBIL score of 850 points acceptable by banks

[samkapoor77]

I have a home loan for Rs. 12,00,000 from HDFC Ltd. and a car loan of Rs. 5,35,000 from ICICI Bank. I use a credit card of ING Vysya bank for which I have always paid my bills on time. As on date, my CIBIL report shows my score of 850. Is this acceptable by banks or do I need to improve it further?

[samkapoor77]

Well done! This is indeed a nice score. You don’t have to put any extra effort to improve it further. Banks will be happy to deal with you.

[Mr. Anand]

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[Sandra]

My cibil score is 820

[samkapoor77]

Yes a CIBIL score above 750 is considered appropriate.

[samkapoor77]

Yes, a CIBIL score above 750 is considered to be good enough. The CIBIL score in the range of 750-900 is considered to be good. The banks will be happy to render loans at a low rate of interest as the risk of default is low. A high CIBIL score gives them a sense of assurance of getting the EMI payments on time. However, even if you have a minimum CIBIL score of 650, you still qualify for a personal loan. In January, I was falling short of INR 1 lakh to renovate my 1 BHK house in Sarita Vihar, New Delhi. During that time, I was going through a rough phase as I had too many emergency expenses, and hence this affected my CIBIL score, it dropped to 675. I did not want to borrow money from my friends and relatives, hence I was on the hunt for some company which could offer me a loan. I came across Upwards, went through their features, their offerings, and decided to take a personal loan in Delhi. I got an instant approval within a day and hence I was able to finalize the interior designer for the renovation work. Moreover, they provide flexible tenure for loan repayment and the eligibility criteria is quite straightforward.

[samkapoor77]

Yes, a CIBIL score above 750 is considered to be good enough. The CIBIL score in the range of 750-900 is considered to be good. The banks will be happy to render loans at a low rate of interest as the risk of default is low. A high CIBIL score gives them a sense of assurance of getting the EMI payments on time. However, even if you have a minimum CIBIL score of 650, you still qualify for a personal loan. In January, I was falling short of INR 1 lakh to renovate my 1 BHK house in Sarita Vihar, New Delhi. During that time, I was going through a rough phase as I had too many emergency expenses, and hence this affected my CIBIL score, it dropped to 675. I did not want to borrow money from my friends and relatives, hence I was on the hunt for some company which could offer me a loan. I came across Upwards, went through their features, their offerings, and decided to take a personal loan in Delhi. I got an instant approval within a day and hence I was able to finalize the interior designer for the renovation work. Moreover, they provide flexible tenure for loan repayment and the eligibility criteria is quite straightforward.

https://upwards.in/personal-loan-delhi

[Author]

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