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What is the Minimum CIBIL score for a Personal Loan?

What is the Minimum CIBIL score for a Personal Loan?

  • By Saral Credit
  • July 08, 2022

The CIBIL score ranges from 300-900. But what is the credit score that is required to get a personal loan sanctioned? 

Many lenders have different criteria for sanctioning personal loans. However, the credit score is one of the key factors that lenders look at before sanctioning an unsecured loan.

Now, this is ofte a source of confusion for customers. Is my score good enough? Will I get a personal loan? Will my rate be higher? What is the exact cut-off?

Broadly, this is how the minimum CIBIL score grid works for personal loans.....


If Your Credit Score Is:

This Is How You Fare:

800 or above

Excellent score. You will be a preferred customer for the lenders

720 to 800

Good score. Lenders will look at your application favorably

680 to 720

Fair score. Unnsecured loans are likely to be priced higher for the risk involved

Less Than 680

Poor. No unsecured credit facility is likely to be provided by any prime lender