Personal loans for a low CIBIL score
Lenders we compare that publish a minimum credit score of 650 or less, or say they consider people with low scores or no credit history.
Related: No credit history · Loan apps with RBI status · Without salary slip · Debt consolidation
7 lenders · eligibility last verified 2026-10-21 · how we compare
Not sure which lender will take your score? See offers matched to your profile
Check your loan offersVia our referral partner. It uses your PAN, credit score and income to suggest lenders likely to approve you. Approval isn't guaranteed. We may earn a commission. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.
Lenders compared
| Lender | Credit score (lender's rule) | Interest rate | Processing fee | Amount | Apply |
|---|---|---|---|---|---|
| KreditBee | No published minimum; says a low score can still qualify | 12% to 27.5% a year | Up to 4.7% of the loan amount + GST | ₹3,000 to ₹10 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Freo | 650 or above | 12% to 36% a year | From 2% of the amount + GST, charged at disbursal. Freo's example loan also charges a ₹999 + GST line setup fee, paid upfront | ₹3,000 to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| lendingplate | No published minimum; says it lends with bad or no credit | 12% to 36% a year | 1% to 5% of the loan amount + GST, deducted from the sanctioned amount (larger loans get lower fees) | ₹10,000 to ₹2.5 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Moneyview | 650 or above | 14% to 36% a year | 2% to 8% of the approved loan amount, deducted from the loan at disbursal; Moneyview doesn't say whether GST is added | ₹5,000 to ₹10 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Finnable | 650+ preferred; people new to credit may be considered | 16% to 30.99% a year | Up to 5% + GST, usually deducted from the loan at disbursal | Up to ₹10 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Hero FinCorp | 725+ preferred; lends to people new to credit | 17.9% to 30% a year | At least 2.5% of the loan amount + GST, deducted at disbursal; no maximum is published | ₹50,000 to ₹7 lakh | Apply nowVia our referral partner. We may earn a commission. |
| Prefr | 650 or above | 18% to 30% a year | 3% of the loan + 18% GST, deducted at disbursal, in Prefr's example loan; no fee schedule is published | ₹51,000 to ₹5 lakh | Apply nowVia our referral partner. We may earn a commission. |
A lender that lends at a lower score usually charges more and lends less, so expect an offer nearer the top of its rate range. Rules are from each lender's own pages, in our words; the lender decides on your application. Ranked by the lowest published starting rate. We compare lenders available through our partner; ranking never depends on what we earn.
By score
CIBIL 550 to 600
KreditBee, lendingplate: publish a minimum of 600 or less, or say they consider low or no scores.
CIBIL 600 to 650
Freo, Moneyview, Finnable, Prefr, KreditBee, lendingplate: publish a minimum of 650 or less, or say they consider low or no scores.
CIBIL 650 to 700
Poonawalla Fincorp, Freo, Moneyview, Finnable, Prefr, KreditBee, lendingplate: publish a minimum of 700 or less, or say they consider low or no scores.
Lenders decide on the full application, not the score alone, and approval isn't guaranteed.
Lenders that ask for a higher score
- IDFC FIRST Bank: 710 or above
- Poonawalla Fincorp: 700 or above
- InCred: Prefers 700+ (app listing)
The others we compare publish no score rule. See the CIBIL checklist to raise your score before you apply.
Related
- CIBIL Score: Check Free, Improve in 90 DaysCheck your CIBIL score free with one full report a year from each bureau, dispute errors yourself, and build a better score with a 90-day checklist.
- True Cost of a Personal Loan: Fees and APRWhat a personal loan really costs: flat vs reducing rate, processing fee and GST, APR in the Key Fact Statement, foreclosure and penal charges.
- Personal loans for self-employedWho lends without a salary
- Personal loans without salary slipLenders that accept bank statements
- Loan eligibility calculatorHow much you could borrow
Questions people ask
Can I get a personal loan with a 600 CIBIL score?
KreditBee and lendingplate say they consider low scores or no history. No lender we compare publishes a minimum of 600 or below; the lowest published floor is 650. Expect a higher rate and smaller amount, and approval isn't guaranteed.
What is the minimum CIBIL score for a personal loan?
There is no single minimum. Among the lenders we compare that publish a number, it runs from 650 to 725 on CIBIL's 300–900 scale. Others publish none. A higher score usually means a lower rate and a bigger amount.
Can I get a loan with no credit history?
KreditBee, lendingplate, Finnable and Hero FinCorp say they consider people new to credit, usually for a small first loan. Repaying it on time builds your CIBIL history. Approval isn't guaranteed.
Does applying for a personal loan lower my CIBIL score?
Each application lets the lender check your report (a hard enquiry), and Experian says a hard enquiry may temporarily lower your score. Apply to one lender at a time, and wait for the decision before the next.
How can I improve my CIBIL score quickly?
Pay every EMI and card bill on time, keep card use under about 30% of the limit, avoid applying for several loans at once, and correct errors in your report with CIBIL. Our CIBIL checklist walks through it step by step.
See all lenders. CreditParakh is not a bank or lender and doesn't guarantee approval. Approval is at the bank's or lender's discretion.