Can I get a car loan with a 720-credit score?

Yes, you can usually get a car loan with a 720-credit score in India. Most lenders consider anything above 700 as good for vehicle loans, so you’re sitting comfortably in the approval zone.

Your score might get you:

• Faster approvals
• Reasonable interest rates, though top rates often go to those with scores above 750
• A better loan amount, if your income checks out and your old loans aren’t hanging around

But let’s also add that a 720 CIBIL™ score won’t promise the absolute lowest rate. Those special deals usually go to the “over-750” credit score. Still, 720 is no less. Lenders see you as safe, not risky.

So, what helps with your loan approval? Stable income, minimal debts as well as tidy payment history can make your application shine.

A credit score of 720 is your green light, just check all the other boxes before you celebrate with that test drive.