A CIBIL score below 700 doesn't mean you can't get a personal loan — it means you need to apply to the right lenders.
Which lenders approve loans below 700 CIBIL?
NBFCs and fintech lenders use alternative data — bank statement analysis, UPI transaction history, and employer reputation — to evaluate borrowers that traditional banks reject.
- KreditBee: accepts scores from 580, rates 14–24% p.a.
- MoneyView: accepts scores from 600, rates 15.96%+ p.a.
- PaySense: no strict minimum score, video KYC based approval.
How to improve your approval odds
- Pay every existing EMI and credit card bill on time for the next 3 months.
- Keep credit card utilisation under 30% of your limit.
- Avoid applying to more than one lender in the same week — each hard inquiry can cost you 5–10 points.
The one mistake to avoid: Don't apply to 5 lenders simultaneously. Each hard inquiry drops your CIBIL by 5–10 points. Apply to one at a time, wait 30 days between rejections.
Sources & methodology
Rate ranges and eligibility figures above reflect SafeBorrow's aggregated view of partner lender disclosures as of the article date, not an official publication. CIBIL scores are issued by TransUnion CIBIL (cibil.com); lending itself is regulated by the Reserve Bank of India (rbi.org.in), which does not set individual lenders' rates.