Applying for a personal loan can feel confusing, especially when everyone keeps talking about one number — your CIBIL score. You might be earning well, managing expenses carefully, and still wonder, “Will my loan get approved?” The truth is, your CIBIL score often decides how easy (or difficult) the approval process will be. But the good news is that you don’t always need a perfect score to get a personal loan. Understanding the minimum CIBIL score requirement can help you choose the right lender and avoid unnecessary rejections.
What is a CIBIL Score?
CIBIL score is a 3-digit number that shows your creditworthiness. It is calculated based on:
- Your past loan and credit card repayments
- Credit usage ratio
- Number of loan enquiries
- Length of credit history
CIBIL Score Range
| Score Range | Meaning |
| 750 – 900 | Excellent |
| 700 – 749 | Good |
| 650 – 699 | Fair |
| 550 – 649 | Low |
| Below 550 | Poor |
The higher the score, the easier it is to get loan approval.
Minimum CIBIL Score Required for Personal Loan Approval
There is no single fixed CIBIL score, but most lenders follow these general guidelines:
Ideal CIBIL Score
✔ 750 or above – Highest approval chances, lowest interest rates
Minimum CIBIL Score
✔ 650+ – Acceptable by many banks and NBFCs
Low CIBIL Score
✔ 550–649 – Limited lenders, higher interest rates
Very Low CIBIL Score
❌ Below 550 – Approval is difficult, but not impossible
Bank vs NBFC: CIBIL Score Requirements
| Lender Type | Minimum CIBIL Score |
| Private Banks | 700 – 750 |
| Public Sector Banks | 675 – 725 |
| NBFCs | 600 – 650 |
| Digital Loan Apps | 550+ (conditions apply) |
✔ NBFCs and fintech lenders are more flexible than banks.
Can You Get a Personal Loan With a Low CIBIL Score?
Yes, it is possible, but with certain conditions:
- Higher interest rates
- Lower loan amount
- Shorter repayment tenure
- Strict income criteria
Some lenders also consider:
- Monthly income
- Job stability
- Employer profile
- Existing EMI burden
At QuickCashs, we connect borrowers with lenders that accept low CIBIL score applications.
What If You Have No CIBIL Score?
If you are a first-time borrower or have never used credit before:
- You may have “No Credit History.”
- Some NBFCs and fintech lenders still approve loans.
- Your income and bank statement matter more.
✔ Small-ticket personal loans are easier to get in such cases.
Also Read: 2 Lakh Personal Loan EMI for 5 Years
Does CIBIL Score Affect Personal Loan Interest Rates?
Yes, significantly.
| CIBIL Score | Interest Rate (Approx.) |
| 750+ | 10% – 13% |
| 700–749 | 12% – 16% |
| 650–699 | 15% – 22% |
| Below 650 | 20% – 36% |
Lower score = higher cost of borrowing.
Other Factors That Impact Loan Approval
Even with a decent CIBIL score, lenders also check:
- Monthly income
- Job continuity (6–12 months minimum)
- Debt-to-income ratio
- Number of active loans
- Recent credit enquiries
✔ A high income can sometimes offset a slightly low CIBIL score.
How to Improve Your CIBIL Score Before Applying
If your score is below 650, consider improving it first:
- Pay EMIs and credit card dues on time.
- Avoid multiple loan applications.
- Keep credit card usage below 30%
- Clear overdue or settled accounts.
- Check the CIBIL report for errors.
Even a 30–50 point improvement can make a big difference.
Should You Apply for a Personal Loan With a Low CIBIL Score?
Apply only if:
✔ The loan is urgent
✔ You can afford higher EMIs
✔ You choose a lender suitable for your profile
Avoid repeated rejections, as they further reduce your score.
Also Read: DMI Finance Personal Loan Apply
How QuickCashs Helps You Get Approved
QuickCashs helps you:
- Compare personal loans from multiple banks & NBFCs
- Find lenders accepting low CIBIL scores.
- Avoid unnecessary credit enquiries.
- Choose loans with transparent charges.
- Improve approval chances
