Many people believe that getting a personal loan with a low CIBIL score is impossible. But in reality, several banks, NBFCs, and digital lenders now offer personal loans even to borrowers with poor or limited credit history.
If you have a stable income and healthy banking behaviour, you may still qualify for a personal loan even with a low credit score. Next, let’s clarify what lenders generally mean by a ‘low’ CIBIL score.
What is Considered a Low CIBIL Score?
CIBIL score generally ranges from 300 to 900.
| CIBIL Score | Meaning |
| 750+ | Excellent |
| 700–749 | Good |
| 650–699 | Average |
| 550–649 | Low |
| Below 550 | Very Low |
Most traditional banks prefer scores above 700, but some NBFCs and fintech lenders are more flexible.
Personal Loan for Low CIBIL Score Recap
| Feature | Details |
| Loan Type | Unsecured Personal Loan |
| CIBIL Requirement | Flexible with some lenders |
| Loan Amount | ₹5,000 to ₹5 Lakhs |
| Interest Rate | Starts from 14% p.a. |
| Tenure | 3 Months to 36 Years |
| Processing | Mostly Online |
Best Lenders Offering Loans for Low CIBIL Score
| Lenders | Interest Rate (p.a.) | Salary Per Month | |
| WeRize | 16% to 18% p.a. | Rs. 12,000 | Apply Now |
| MoneyView | 1.33% per month | Rs. 13,500 | Apply Now |
| InCred | 11.49% to 18% p.a. | Rs. 15,000 | Apply Now |
| Fibe | 24% to 30% p.a. | Rs. 18,000 | Apply Now |
| Prefr | 18% to 36% p.a. | Rs. 18,000 | Apply Now |
| Finnable | 16% to 22% p.a. | Rs. 15,000 | Apply Now |
| HDFC Bank | 10.75% to 21% p.a. | Rs. 25,000 | Apply Now |
| IDFC | 12.50% to 18% p.a. | Rs. 15,000 | Apply Now |
| PaySense | 1.4% to 2.3% per month | Rs. 18,000 | Apply Now |
| Upward | 9% to 32% p.a. | Rs. 18,000 | Apply Now |
| mPokket | 1% to 6% per month | Rs. 9,000 | Apply Now |
| Axis Bank | 10.49% to 22% p.a. | Rs. 15,000 | Apply Now |
Why Does CIBIL Score Become Low?
Several financial mistakes can reduce your credit score.
Common Reasons
- Missing EMI payments
- Late credit card bill payment
- Loan settlement instead of closure
- Too many loan applications
- High credit card utilization
- Loan default history
Even one missed EMI can affect your score negatively.
Documents Required
You can check the documents list below for a low CIBIL personal loan:
| Document Type | Examples |
| Identity Proof | Aadhaar Card, PAN Card |
| Address Proof | Utility bill, Aadhaar |
| Income Proof | Salary slip and bank statement |
| Photograph | Selfie or passport-size photo |
Eligibility Criteria
Match your eligibility process to borrow a loan fast:
| Criteria | Requirement |
| Age | 21 to 55 years |
| Income Source | Salaried person |
| Bank Account | 12 months salary credit statement |
| Income Stability | Preferred |
| Mobile Number | Aadhaar-linked preferred |
A stable salary and a healthy bank statement improve approval chances.
Also Read: Personal Loan for Low-Income Earner in India
How to Get Personal Loan Even with Low CIBIL Score
1. Apply with Stable Income Proof
Lenders may approve loans if your income is stable and your salary credits are regular.
2. Choose Smaller Loan Amount
Smaller loan requests generally have a better chance of approval.
3. Apply with Existing Bank
Banks where you already maintain a salary or savings account may offer pre-approved loans.
4. Add Co-Applicant
A co-applicant with a strong credit profile may improve approval chances.
How to Improve Your CIBIL Score
Pay EMIs on Time
Timely repayment is the biggest factor affecting score improvement.
Maintain Low Credit Utilization
Avoid regularly using the full credit card limit.
Keep Old Credit Accounts Active
Longer credit history improves score stability.
Check Credit Report Regularly
Correct any errors or outdated information in your report.
Also Read: Can I get a personal loan at Video KYC?
Conclusion
Having a low CIBIL score does not completely stop you from getting a personal loan in India. Many fintech lenders and NBFCs now evaluate income stability, banking behaviour, and repayment capacity instead of depending only on credit score.
Platforms like KreditBee, CASHe, and Navi offer personal loan options for eligible borrowers with low or limited credit history. However, borrowers should compare charges carefully, borrow responsibly, and focus on improving their CIBIL score for better financial opportunities in the future.