If your CIBIL score is below 650, getting a personal loan from traditional banks can be difficult. But the good news is that many NBFCs (Non-Banking Financial Companies) offer loans even with low credit scores — provided you have stable income and repayment capacity.
What is a Low CIBIL Score?
Your credit score is issued by TransUnion CIBIL and ranges between 300 and 900.
| Score Range | Meaning |
| 750+ | Excellent |
| 700–749 | Good |
| 650–699 | Fair |
| 600–649 | Low |
| Below 600 | Poor |
Most banks prefer 700+, but many NBFCs approve loans starting from a 550–600 score, depending on income stability.
How NBFCs Approve Loans with Low CIBIL
Unlike banks, NBFCs focus on:
- Monthly income
- Bank statement transactions
- Employment stability
- Existing EMI burden
- Digital repayment behaviour
That’s why approval chances are higher compared to traditional banks.
Best NBFCs That Give Loans for Low CIBIL Score (2026)
Below are some well-known RBI-registered NBFCs that are more flexible with credit score requirements.
1. WeRize
Minimum CIBIL: 650+
Loan Amount: ₹30,000 – ₹5 Lakhs
Interest Rate: 18.99% onwards
Tenure: Up to 3 years
Why it’s good:
- 100% online process
- Only video verification
- Instant approval
2. Tata Capital
Minimum CIBIL: 680+
Loan Amount: ₹40,000 – ₹35 Lakhs
Interest Rate: 10.99% onwards
Tenure: Up to 6 years
Why it’s good:
- Flexible underwriting
- Quick digital approval
- Good for salaried professionals
3. Bajaj Finserv
Minimum CIBIL: 600+
Loan Amount: ₹25,000 – ₹25 Lakhs
Interest Rate: 11% – 28%
Tenure: 12–60 months
Why it’s good:
- Pre-approved offers
- Fast disbursal
- Suitable for medium-low scores
4. Kissht
Minimum CIBIL: 550+
Loan Amount: ₹10,000 – ₹2 Lakhs
Interest Rate: 18%+
Tenure: 3–24 months
Why it’s good:
- Works for very low CIBIL
- Focuses on bank statement & income
- Quick digital KYC
5. CASHe
Minimum CIBIL: 550+
Loan Amount: ₹7,000 – ₹4 Lakhs
Interest Rate: 24% onwards
Tenure: 3–18 months
Why it’s good:
- AI-based approval system
- Ideal for young salaried professionals
- Minimal paperwork
6. MoneyView
Minimum CIBIL: 600 (flexible cases)
Loan Amount: ₹10,000 – ₹5 Lakhs
Interest Rate: 16% – 36%
Tenure: Up to 5 years
Why it’s good:
- Quick app-based process
- Higher approval ratio
- Suitable for urgent needs
7. Fullerton India (SMFG India Credit)
Minimum CIBIL: 600+
Loan Amount: ₹50,000 – ₹25 Lakhs
Interest Rate: 11% – 26%
Tenure: Up to 60 months
Why it’s good:
- Accepts average credit profiles
- Good for salaried and self-employed
Eligibility Criteria for Low CIBIL Loan
Most NBFCs require:
- Age: 21–55 years
- Minimum salary: ₹12,000 per month
- 12 months of job stability
- Valid PAN & Aadhaar
- Credit Score: -1 / 650+
Stable income is more important than a high CIBIL in many cases.
Documents Required
- PAN Card
- Aadhaar Card
- Salary slips (last 3 months)
- Bank statement (last 12 months)
- Selfie for KYC
Some fintech lenders offer fully digital approval within hours.
Tips to Increase Approval Chances
✔ Apply for a smaller amount first
✔ Keep EMI burden below 40% of income
✔ Avoid multiple applications
✔ Clear small overdue payments
✔ Maintain regular bank transactions
Smart application increases chances even with a 550–650 score.
Can You Get an Instant Loan with a 550 CIBIL?
Yes, but:
- Loan amount may be limited.
- Interest rate may range 18%–30%
- Strong income proof required
Fintech NBFCs are more flexible than banks.
Also Read: Instant Personal Loan for Low CIBIL Score: 20 Lakh Loan
Conclusion
If your credit score is low, don’t panic. Several RBI-registered NBFCs offer personal loans even with a 550–650 CIBIL score, especially if your income is stable. Choose the right lender, apply responsibly, and focus on improving your credit score for better offers in the future.