Personal Loan with Low CIBIL Score — 2026 Options

Most banks want a CIBIL score of 700 or more, but several NBFCs and fintech lenders lend to borrowers with scores from 600 — and some to people with no credit history at all.

Expect higher interest rates and smaller loan amounts. Use a small loan, repaid on time, as a step towards rebuilding your score.

Check Your EligibilityFree · No impact on CIBIL score

Lowest CIBIL Accepted

600

Prefr & MoneyView

No Credit History

Accepted

KreditBee

Lenders at ≤ 650

9

In our comparison

Typical Rate

15–40%

For scores below 650

Lenders Accepting Lower CIBIL Scores

Lenders with a minimum score of 680 or below, sorted by lowest requirement.

Lenders Accepting Lower CIBIL Scores
LenderMin CIBILInterest RateMax AmountMin Income / Month
KreditBeeNTC WelcomeNo minimum17%–29.95%₹5 lakh₹10k
PrefrLow CIBIL OK60015%–36%₹5 lakh₹18k
MoneyViewInstant Approval60015.96%–39.99%₹10 lakh₹13.5k
Punjab National BankLow PSU Rate6508.9%–14.5%₹10 lakh₹12k
Union Bank of IndiaLowest Rate6508.9%–13.5%₹15 lakh₹12k
Canara Bank6509.9%–15%₹10 lakh₹20k
Bank of Baroda65010.9%–18.25%₹10 lakh₹15k
Hero FinCorp65011%–24%₹5 lakh₹15k
State Bank of IndiaGovt Employee Favourite65011.05%–15.05%₹20 lakh₹15k
Poonawalla FincorpLowest NBFC Rate6809.99%–29%₹30 lakh₹20k
Tata Capital68010.99%–35%₹35 lakh₹20k
Federal Bank68011%–22%₹25 lakh₹20k

Last reviewed August 2026. Actual terms depend on your credit profile and the lender's assessment. GST at 18% applies on fees.

What Your CIBIL Score Means for a Personal Loan

ScoreRatingWhat to expect
750–900ExcellentBest rates from banks and NBFCs
700–749GoodApproved by most lenders, slightly higher rates
650–699FairPSU banks, NBFCs and fintechs; higher rates
600–649PoorMainly fintech lenders, smaller amounts
Below 600 / no scoreVery poor / NTCSelect fintechs only, high rates

How to Improve Your CIBIL Score

  1. 1Pay every EMI and credit card bill on time — payment history matters most.
  2. 2Keep credit card usage below 30% of the limit.
  3. 3Check your credit report and dispute errors with the bureau.
  4. 4Avoid applying with many lenders in a short span.
  5. 5Settle overdue accounts fully rather than marking them 'settled'.

Expert Tips

  1. 1Apply where you meet the minimum score — rejections add hard enquiries and lower your score further.
  2. 2A co-applicant with a good score can improve approval chances and the rate.
  3. 3A secured option like a loan against FD or gold is cheaper and easier to get.
  4. 4Repay a small loan on time for 6–12 months, then refinance at a lower rate.

Frequently Asked Questions — Personal Loan with Low Credit Score

Can I get a personal loan with a CIBIL score of 600?

Yes. Prefr and MoneyView consider scores from 600, and KreditBee considers applicants with no score. Expect higher rates and smaller amounts.

What is the minimum CIBIL score for a personal loan?

Most banks need 700+, NBFCs typically 650–685, and some fintech lenders 600 or no minimum for new-to-credit applicants.

Can I get a loan with no credit history?

Yes. KreditBee accepts new-to-credit (NTC) applicants. A small loan repaid on time is a good way to build your credit history.

Will a low-score loan improve my CIBIL score?

Yes, if you repay every EMI on time. Missed payments will lower it further.

How long does it take to improve a CIBIL score?

With on-time payments and lower card usage, you can usually see improvement within 3–6 months. Serious defaults take longer to recover from.

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Figures last reviewed August 2026 and shown for information only. Interest rates, fees and eligibility are set by each lender and depend on your credit profile — confirm the final terms in the lender's Key Fact Statement before you sign. RateCut is a loan marketplace, not a lender.