Is a Credit Score of 680 Good?

A credit score of 680 can be considered fair, but whether it's good or not depends on your financial goals and the lending institution's criteria. Here's a breakdown:

• Fair Score: A credit score of 680 falls within the fair credit range which typically ranges from 580 to 669.
• Lending Eligibility: Many lenders, including Shriram Finance, may consider applicants with a score of 680 for personal loans. However, the terms and interest rates offered might not be as favourable as those offered to individuals with higher scores.
• Improvement Potential: While a score of 680 may grant you access to credit, working to improve your score can lead to better loan terms and lower interest rates in the future.

When applying for a personal loan with Shriram Finance, having a positive credit history and maintaining good credit health are key factors.  It is advisable to stay proactive in managing your finances and improving your creditworthiness, as this can unlock better borrowing opportunities and financial benefits over time.