How to Get a Loan with a Low CIBIL Score in 2025 - Best Options & Tips
Struggling to get approved for a personal loan on low CIBIL score? You're not alone. Many Indians face rejection from traditional banks due to poor credit history. But here's the good news - there are still ways to get loan on low CIBIL score through alternative lenders and smart strategies.
Can I Get Loan on Low CIBIL Score?
Absolutely! While most banks prefer scores above 750, several NBFCs and digital lenders specialize in providing instant loan on low CIBIL score (even below 600). The key is knowing where to apply and how to improve your chances.
Best Options for Loan on Low CIBIL Score
1. Instant Personal Loan on Low CIBIL Score
Fintech apps offer the quickest solution:
- EarlySalary (up to ₹5 lakhs)
- MoneyTap (flexible credit line)
- mPokket (small instant loans)
- KreditBee (fast approvals)
Pro Tip: These online loan on low CIBIL score options often approve within hours but charge higher interest (18-36% p.a.).
2. Which Bank Gives Loan on Low CIBIL Score?
Some traditional lenders are more flexible:
- Bajaj Finserv (accepts scores from 600)
- Tata Capital (secured loan options)
- Fullerton India (alternative credit checks)
3. Home Loan & Car Loan on Low CIBIL Score
For bigger loans:
✔ Add a co-applicant with good credit
✔ Offer collateral (property/gold)
✔ Show strong income proof (6+ months salary slips)
How to Get Personal Loan on Low CIBIL Score: 5 Smart Tricks
Apply to NBFCs first - More flexible than banks
Start small - ₹10,000-50,000 loans build repayment history
Use loan marketplaces (IndiaLends, Paisabazaar) to compare multiple offers
Correct CIBIL errors - Free dispute process on their website
Avoid multiple applications - Each rejection hurts your score further
Bank Who Give Loan on Low CIBIL Score (2025 List)
Documents Needed for Low CIBIL Loans
- PAN & Aadhaar (linked to mobile)
- 3-6 months bank statements
- Salary slips (for salaried)
- GST returns (for self-employed)
Important Warnings
⚠️ Watch out for:
- Hidden charges (processing fees up to 3%)
- Too-good-to-be-true offers (likely scams)
- Prepayment penalties
Final Verdict: Which Bank Provide Loan on Low CIBIL Score?
While traditional banks are strict, many NBFCs and fintech apps will approve your instant personal loan on low CIBIL score application. The trade-off is higher interest rates, but timely repayments can help rebuild your credit.
Next Steps:
Check your free CIBIL report at CIBIL.com
Compare offers on Paisabazaar/BankBazaar
Apply to 1-2 most suitable lenders
Remember - every EMI paid on time improves your score, making future loans cheaper!
Need urgent funds? Try apps like mPokket or Nira for smallest loans with easiest approvals. 🚀