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Personal Loan for Low Cibil Score

4.5/5

15.6L Reviews

5.7cr+Satisfied Customers
65+Lending Partners
₹65k Cr+Loans Disbursed
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50K1Cr
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HDFC Bank
10 Second Disbursal*100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 12.5%
Tenure upto1-5 Years
Processing Fee6,500
ICICI Bank
100% Digital Process*Quick Disbursal
Max Loan Amt.Upto 25L
Rate of Interest11% - 13%
Tenure upto1-5 Years
Processing FeeUpto 2%
Axis Bank
Low Processing fee
Max Loan Amt.Upto 25L
Rate of Interest9.99% - 17.15%
Tenure uptoUpto 6 Years
Processing FeeUpto 2%
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How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

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Choose lenders that accept Low CIBIL scores

Applying for a personal loan from the wrong lender, like a large Bank, can worsen the case for consumers with low CIBIL score as it may bring the score further down. Choosing the right lender is key as options are limited.

There are certain lenders, especially new-age fintech NBFC lenders that offer personal loans to select applicants with low CIBIL score. These NBFCs often have a more relaxed credit score criteria, as compared to private and public sector banks. With these NBFCs, you may be able to secure yourself a personal loan but do note that it will come at a significantly higher interest rate. Visit Paisabazaar to compare offers from most-suited lenders.

Adequate Disposable Income

Ensure that you have a stable income source that provides adequate monthly disposable income to repay your EMIs. This is applicable for self-employed professionals, New-to-Credit individuals or applicants with no credit history.

You may need to provide additional documents to prove your financial stability. These documents could be the account statements of your mutual fund portfolio, demat accounts etc. Some lenders may consider offer a loan even with your low CIBIL score if they see financial stability and repayment capacity.

Stable Job with Reputed Employer

Those employed with reputed corporates/MNCs or public sector organizations are considered to have higher income certainty than others. Hence, lenders may accept the personal loan applications made by such applicants, especially those with stable employment history, on the basis of their EMI repayment capacity, job stability and the reputation of their employers.

Include a Co-applicant or Guarantor

Adding an earning family member with a good CIBIL score, as a co-applicant to the personal loan application reduces the credit risk for the lender. This is because the co-applicant also becomes equally responsible for the repayment of the loan. Hence, if you are able to add a co-applicant, who has a good credit score, it may help you get your personal loan application approved.

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Request a Smaller Loan Amount

If you were planning to apply for a higher loan amount, then you need to reduce it. Lenders might not offer loans with higher loan amounts because of the risk of default involved. Check with your lender if a smaller loan amount can be sanctioned

Offer Collateral for a secured loan

If possible then provide a collateral with the lender to reduce their risk in offering you a personal loan of smaller amount. The collateral/security can be in the form of fixed deposits, savings account, secured credit card or gold loan. This would then become a secured loan, and less risky for the lender.

Do note while it is possible to get a loan with a low CIBIL or Credit Score, but the reason for your low score is critical. If you have major defaults in your credit history and outstanding dues on your loan accounts, your chances of getting a loan is minimal. Hence, one should first focus on building your CIBIL score, for future credit readiness.

Tips to Improve your CIBIL Score

Check reason behind low score, if not known already

  • Look out for errors or frauds
  • Pay any outstanding amount immediately
  • Repay all existing EMIs and credit card bills in full, on time
  • Avoid applying for multiple loans or credit cards

Since, your CIBIL score shall be an important factor every time you plan to avail credit, either personal loan, home loan or a credit card, it is advisable to take the right actions to improve and build your CIBIL score before you apply for any new loan or credit card. This will enable you to avail loans and credit cards more conveniently and seamlessly in future.

Also Read: How to Improve Your CIBIL Score

How Can I Apply for a Personal Loan Online?

Get up to 40 Lakh in 5 Simple Steps

Step 1: Enter your mobile number in the application form

Step 2: Provide your personal details

Step 3: Enter OTP to verify your mobile number

Step 4: Select the loan purpose and loan amount

Step 5: Compare offers and apply for the best-suited loan

Apply Now

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All Your Needs

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FAQs

What is the minimum CIBIL score required for a personal loan?

The minimum CIBIL score required by lenders for personal loans usually ranges between 720 and 750. However, if you maintain a CIBIL score of 750 or above then your chances of loan approval increases, as it depicts you as a creditworthy applicant.

Can I get a personal loan with a CIBIL score below 600?

The possibility of securing a personal loan with a CIBIL score below 600 is not much. However, you may get loan approval from selected NBFCs or Fintech lenders, but the interest rates shall be exceedingly high because of the high risk involved.

How does a co-applicant help in getting loan approval?

Co-applicant can significantly improve your chances of personal loan approval if he/she has a high CIBIL score, as lenders consider the loan at low risk. Secondly, you may be able to avail loans of higher loan amount because of combined income of both the applicants.

Are there lenders who specialize in loans for low CIBIL score holders?

There is no such specialization in offering loans for applicants with low CIBIL score. However, you need to check and choose from selected Fintech lenders and NBFCs to avail personal loans if you have a low CIBIL score.

How long does it take to improve a low CIBIL score?

Improving your CIBIL score takes times and usually, it takes few months to even one year, if the right steps are followed.

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What our customers say

Smooth & hassle-free loan approval experience

I want to express my gratitude for your exceptional support & guidance throughout my loan application process to Aman (EW17239). Your professionalism & clear communication made the journey smooth and manageable. I appreciate how you helped during loan approval & fast-tracked the documentation. It is rare to find someone so committed to their clients. I truly value the effort you put into ensuring a successful outcome. Thanks again for your invaluable help.

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Sanjay Kumar GuptaMar 30, 2026

Exceptional guidance throughout the process

I’d like to express my sincere appreciation for Mr. Aman Kumar (EW32023) for the excellent assistance provided. His professionalism & willingness to help made the experience smooth & pleasant. Aman Kumar demonstrated patience & clarity while addressing queries and ensured that everything was handled efficiently. Such dedication & customer-focused service truly deserve recognition. Please convey my thanks and appreciation to him for his outstanding support.

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Jyotirmoy SinghaMar 23, 2026

Very helpful and easy to reach

I really wants to appreciate Mohankumar Dhandapani for closing my loan requirement in such a short time and nice manner. He is very much approachable helped me based on my requirements. He explained me all the options in very short time even one option failed immediately helped me to get other options worked. Excellent job done by Mohankumar Dhandapani all the best keep you same way approachable you will get more customers. Thanks to Paisabazar too.

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Kirubagaran GanesanFeb 24, 2026

Reliable help when i needed it most

I am writing this email to express my sincere thanks for your excellent support and guidance on Paisabazaar. My experience was very smooth and satisfying because of your help. You explained everything clearly and made the whole process easy and comfortable for me. I truly appreciate your professionalism, patience, and quick response. I am very happy with the service and would definitely recommend to others because of the great support I received from you. Thank you once again

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DharmeshFeb 22, 2026

Committed support that made everything easy

I’d like to appreciate the Paisabazar team for the excellent loan service. I especially want to recognize one of your agents, Mr. Prince Kumar, for his outstanding support. For more than a month, he continuously followed up with me and assisted me. His commitment & professionalism made the experience smooth & hassle-free. I appreciate his efforts and dedication. Kindly acknowledge his performance and consider rewarding such a sincere employee.

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BhupendraFeb 18, 2026

My Trust in Paisabazaar has Increased

I would like to take a moment to share my sincere feedback regarding the support I received from your team. The executive who assisted me was extremely professional, polite, and knowledgeable. They patiently understood my concern, explained the process clearly, and guided me step by step toward the right solution. I truly appreciate the transparency, timely responses, and genuine effort shown to help me.

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Lalit MaviFeb 12, 2026

Best Place for Taking Loans

I contacted customer care with a few queries, and I am very satisfied with the support I received. The representative was polite, patient, and explained everything clearly. My questions were resolved properly, and the overall experience was smooth and helpful. Thank you for the excellent customer service

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Kokil BarnwalFeb 12, 2026

Easy loan approval with good guidance

Thank you for the support provided for getting personal loan approval. During this process I worked with Mr. Aman Bajpai (EW17239) who was co-ordinator for this entire process of Personal loan, I was incredibly impressed by his efficiency and problem-solving skills. He went out of their way to ensure all my questions were answered and that the disbursement timeline stayed on track. His coordination was really appreciable.

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Riyaj AtarFeb 9, 2026

Apne higher education ke liye loan liya tha

Muhje higher education ke liye loan chahiye tha. Paisabazaar pe apply kiya. Got it at the right time. Quite helpful.

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Puja DanuJan 22, 2026

Sabse jada helpful log the yaha

Maine bht jagah try kiya tha personal loan ka, yaha try kiya toh helpful log mille. Har steps mai aram se samjhaya or usse muhje loan lene mai jda dikkat nhi aayi.

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Anuradha GuptaJan 21, 2026
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Anubhuti Agrawal profile
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Anubhuti Agrawal
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Shamik Ghosh

Paisabazaar is a loan aggregator and is authorized to provide services on behalf of its partners.

The APR (Annual Percentage Rate) of a personal loan is its annualised cost of borrowing, which includes the interest rate as well as the processing fees, documentation fees and other fees charged during the loan origination. The APR is expressed in the form of a percentage and thus, allows personal loan applicants to detect personal loan schemes offered at lower interest rates but with higher processing fees and/or other charges.

The APR of personal loans usually ranges between 11.29% to 35%. For example, assume that you have availed a personal loan of Rs. 5 lakhs @ 10.50% p.a. with a repayment tenure of 5 years. The processing fee charged for this loan is 1.5% of the loan amount, which amounts to Rs 7,500. Therefore, the total borrowing cost of your personal loan will be Rs 1,52,317 and its APR will be 11.16%.

Address: Paisabazaar Marketing & Consulting Pvt. Ltd. 135 P, Sector 44, Gurugram (HR) 122001

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