Credit Score
How to Get a Personal Loan with a Low CIBIL Score in India
CIBIL score below 700? Here's which lenders still approve personal loans, what rate to expect, and how to improve your odds.
Jun 20, 20247 min
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Personal Loan Blog
In-depth guides, lender comparisons, and rate analysis — written by loan experts.
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Read article About Personal Loans in India
Personal loans are unsecured loans offered by banks and NBFCs in India at interest rates ranging from 10.5% to 36% per annum. They require no collateral and can be used for any purpose — medical emergencies, travel, weddings, home renovation, or debt consolidation.
The key factors that determine your personal loan interest rate are your CIBIL credit score, monthly income, employment stability, and existing debt obligations. A CIBIL score above 750 typically qualifies you for the lowest rates (10.5%–12%), while scores between 650–700 attract rates of 15%–22% from specialised NBFCs.