is 720 a good cibil score

Yes, a CIBIL score of 720 is considered good. This score reflects a strong history of sound financial behavior and makes you a preferred and low-risk borrower for most lenders in India. With a 720 score, you are eligible for a wide range of financial products, including loans and credit cards, often at competitive interest rates and favorable terms. However, note that scores above 750 are typically considered excellent, which can lead to the very best terms and lowest interest rates available.