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Can I get a loan with a CIBIL score of 300 ?

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

As can be seen from the above table, there is very little chance that a bank or a traditional lender will give you loan with a CIBIL score of 300. You may be able to get a personal loan with guarantor

 

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