What a 700-749 Score Means for Your Loan
A 700-749 credit score sits within the top of Equifax's Good band into Very Good (725-759). 700-749 crosses from Good into Very Good, per Equifax's Canadian bands, with the boundary at 725. Borrowers throughout this range typically qualify for competitive rates, with those above 725 often seeing the best standard pricing most lenders offer. See our full credit score ranges guide to compare against other tiers.
What Lenders See at This Score
- Strong, well-established credit history with minimal recent negative marks
- Low utilization across revolving accounts
- A track record that qualifies for most lenders' preferred pricing tiers
- Little difference in approval odds across this entire band — the main variable is rate
Typical Rates & Approval Odds
Approval is rarely in question at this range — the main question is which lender offers the best rate for your specific profile. It's worth comparing several offers since pricing can vary meaningfully even within Good-to-Very-Good scores.
Eligibility Requirements
- 18 years or older (19 in BC, NB, NL, NS, NT, NU, and YT)
- Canadian citizen or permanent resident
- Valid Social Insurance Number (SIN)
- Active bank account in your name
- A regular source of income
Tips to Improve Your Score
- Keep utilization low and consistent — at this tier, small missteps matter more than at lower scores since you have more room to lose.
- A longer average account age continues to help push scores from Good into Very Good and beyond.
- Consider whether a personal loan is even the most cost-effective option at this score — a line of credit or promotional offer may beat a personal loan's rate.
How to Apply at This Credit Level
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