752 Credit Score: Is it Good or Bad?

A credit score of 752 is considered fair to good, reflecting disciplined financial habits and responsible credit management. Borrowers with a score of 752 are seen as low-risk by lenders, ensuring access to favourable loan terms, competitive interest rates, and credit card options. While this score opens many avenues, improving it further can unlock exclusive premium financial products and even better loan terms.

Credit bureaus in India may categorise a 752 CIBIL score slightly differently, but it consistently indicates strong creditworthiness.

A 752 score suggests you have a proven track record of timely payments and low credit utilisation. It allows lenders to offer loans and credit products with competitive terms while considering you a reliable borrower.

A 752 CIBIL score comes with a range of financial advantages:

1. Easier Loan Approvals

Lenders are likely to approve your loan applications quickly and with minimal documentation due to your low credit risk.

2. Competitive Interest Rates

With CIBIL score 752, you can access loans at competitive interest rates, saving on overall borrowing costs.

3. Access to Premium Credit Cards

You are eligible for credit cards offering attractive rewards, cashback, and travel perks. Some premium cards may also be available to you.

4. High Credit Limits

A strong score like 752 allows you to negotiate for higher credit limits, offering greater financial flexibility.

5. Better Insurance Premiums

Certain insurers may offer reduced premiums to individuals with a good credit score like 752, viewing them as financially stable.

6. Emergency Credit Access

Whether it’s a personal loan or a line of credit, a score of 752 ensures faster access to funds in case of emergencies.

7. Negotiation Leverage

Lenders are more likely to offer flexible repayment options, reduced processing fees, or longer loan tenures to borrowers with a strong credit score.

Maintaining or improving a CIBIL score 752 means consistent effort and disciplined financial management. 

 

Here are some steps:

1. Ensure Timely Payments

Always pay your EMIs, credit card dues, and other bills on or before their due dates. Missed payments can harm your score significantly.

2. Monitor Your Credit Report

Review your credit report regularly for discrepancies or errors. Correcting inaccuracies promptly can prevent a negative impact on your score.

3. Keep Credit Utilisation Low

Aim to use less than 30% of your total credit limit. Lower credit utilisation demonstrates financial discipline.

4. Avoid Excessive Credit Applications

Refrain from applying for multiple loans or credit cards within a short period, as frequent hard inquiries can temporarily reduce your score.

5. Maintain a Balanced Credit Mix

Having a mix of secured loans (e.g., car loans) and unsecured loans (e.g., personal loans) reflects diverse and responsible credit management.

6. Pay Down Existing Debt

Systematically reducing outstanding debts improves your debt-to-income ratio and strengthens your credit profile.

7. Retain Older Credit Accounts

Long-standing accounts with a positive payment history add to your credit age, which is a critical factor in maintaining a good score.

A 752 credit score represents very good credit health and positions you as a preferred borrower. It allows you to secure loans at competitive rates, access premium credit cards, and enjoy financial flexibility. 

 

By making timely payments, maintaining low credit utilisation, and monitoring your credit report, you can preserve or even improve your score. Progressing closer to the excellent range can unlock even more financial benefits, ensuring a stable and secure financial future.