How to Get a Personal Loan with a CIBIL Score Below 650 in 2025 - Your CIBIL score is one of the first things lenders check when you apply for a personal loan. A score above 750 is considered ideal. But what if your CIBIL score is below 650? Can you still get a personal loan?
How to Get a Personal Loan with a CIBIL Score Below 650 in 2025. Complete Guidance below step by step
The answer is YES, but it will be a little challenging. However, with the right strategies and lenders, you can still get approval. In this article, we will explain how to get a personal loan with a CIBIL score below 650 in 2025, and share useful tips to improve your chances.
What is a CIBIL Score and Why is it Important?
CIBIL score is a 3-digit number ranging from 300 to 900 that shows your creditworthiness.
- 750 & above = Excellent
- 700 – 749 = Good
- 650 – 699 = Average
- Below 650 = Poor or Low
Banks consider a low score risky because it shows irregular repayments or defaults in the past.
Why Banks Reject Loans Below 650 CIBIL
- High risk of default
- Past missed EMIs or loan settlements
- Too many unsecured loans or credit card dues
- Weak repayment history
But don’t worry, there are still ways to get approved, especially in 2025, as many lenders and NBFCs are becoming more flexible.
Ways to Get a Personal Loan with a Low CIBIL Score
1. Apply with NBFCs or FinTech Lenders
Banks are strict with credit scores, but NBFCs and online lenders are more flexible. Some NBFCs may offer loans even if your score is between 600 – 650. However, expect slightly higher interest rates.
2. Show Strong Income Proof
A steady monthly income with salary slips or business proof increases your chances. If your income is high, lenders may overlook your low CIBIL score.
3. Apply with a Co-Applicant
If you apply with a co-borrower (spouse or family member) who has a good credit score, lenders may approve your loan more easily.
4. Opt for a Secured Personal Loan
Offer security like fixed deposits (FD) or assets as collateral. This reduces the lender’s risk, and they might approve you despite a low CIBIL.
5. Lower Your Loan Amount
Smaller loan amounts (₹50,000 to ₹2 lakh) may get approved faster as they involve lower risk for the lender.
List of Lenders Who May Approve Low CIBIL Loans
Here are some NBFCs and FinTech companies that might approve loans with a CIBIL score below 650:
- Bajaj Finserv
- Tata Capital
- MoneyTap
- EarlySalary (Fibe)
- CASHe
- Home Credit
⚠️ Note: These lenders may charge a higher interest rate between 18% – 28% due to your credit risk.
Tips to Improve Your Approval Chances
- Pay off existing credit card dues and EMIs
- Avoid multiple loan applications at once
- Improve your credit score by clearing late payments
- Negotiate with NBFCs or check pre-approved offers
Final Words
While a CIBIL score below 650 makes it harder to get a personal loan, it is not impossible. Many NBFCs, fintech platforms, and alternative lenders provide personal loans based on income, job stability, and other factors, even if your credit score is low.
If you are facing a financial emergency in 2025, follow the steps above to improve your chances of getting approved.
FAQs – Personal Loan with a CIBIL Score Below 650 in 2025
1. Can I get a personal loan without a CIBIL score?
Yes, it is possible. Some NBFCs and digital lenders may approve loans based on your income, job stability, and other factors. However, expect stricter terms and higher interest rates if you have no credit history or a very low score.
2. How much interest is charged on loans for low CIBIL scores?
If your CIBIL score is below 650, lenders may charge interest rates ranging from 18% to 28% depending on the loan amount, your income, and risk profile. Always compare offers from multiple lenders before applying.
3. Which lenders approve loans for CIBIL scores under 650?
Some NBFCs like Bajaj Finserv, Tata Capital, MoneyTap, Fibe (EarlySalary), and CASHe are more flexible and may approve loans for scores between 600 – 650.
4. How can I improve my CIBIL score quickly?
- Pay off credit card dues
- Clear pending EMIs or bills
- Avoid applying for multiple loans at once
- Maintain a good credit mix (secured + unsecured loans)
5. Is it safe to take a personal loan with a low CIBIL score?
Yes, but you should be careful. Avoid unregistered loan apps or loan sharks. Stick to RBI-approved NBFCs and fintech platforms to ensure safe borrowing.