Personal Loan with Low CIBIL Score (Below 600) — Complete Guide
13 min read26 March 2026
Financial Disclaimer
Disclaimer: This information is for educational purposes only. Always consult a certified financial advisor before making any financial decision.
Getting a Loan with CIBIL Below 600
A CIBIL score below 600 is considered "poor" by most banks. However, it does NOT mean you cannot get a loan. Several NBFCs and fintech lenders specialize in loans for low-credit borrowers.
The key difference: interest rates will be higher (18-36% vs 10-15% for good scores), and loan amounts may be limited. But if you need funds urgently, these options work.
Why is Your Score Low?
- Late or missed EMI/credit card payments
- High credit utilization (spending >70% of card limit)
- Too many loan applications in a short period
- Loan default or settlement in the past
- Errors in your credit report (dispute with CIBIL)
Lenders That Approve Low CIBIL Loans
| Lender | Min CIBIL | Interest Rate | Max Amount |
|---|---|---|---|
| KreditBee | No Minimum | 15% - 29.95% | ₹5 Lakh |
| MoneyTap | 550+ | 13% - 36% | ₹5 Lakh |
| Fibe (EarlySalary) | 500+ | 14% - 30% | ₹5 Lakh |
| Bajaj Finserv | 600+ | 11% - 26% | ₹40 Lakh |
| Muthoot Gold Loan | No Check | 7% - 14% | ₹1.5 Crore |
How to Improve Your Score While Borrowing
Take a small loan (₹10,000-₹50,000), repay every EMI on time for 6 months, and watch your score climb 50-100 points. This is called "credit building" and is the fastest way to recover from a low score.