How Much CIBIL Score Required for Loan Approval?

If you are looking to apply for a loan, we all know how important is the CIBIL score. However, do you know if your CIBIL score is good enough?

Well, a score of 750 or above is an excellent CIBIL score for loan applications. You will be able to enjoy quicker approvals and better personal loan interest rates. If your score is between 700 and 749, you’re still eligible but there could be chances of facing slightly higher rates or rigid documentation requirements.

If your score sinks below 650, then there is a problem. Your options start getting limited. However, in such cases, there are digital platforms like Kissht and others that have built-in mechanisms to evaluate applications beyond just credit scores. Alternate data points or provide pre-approved offers might be considered if you've previously used their platform or have stable income flow.

So, basically, if you are wondering how much CIBIL score is required for loan applications in India; the safe zone starts around 700. It gets stronger as you go higher.

Personal Loan Interest Rate & CIBIL Score

Your CIBIL score directly influences your personal loan interest rate. A score of 750 or more may get you interest rates starting around 10%, while lower scores can result in rates as high as 15–20%, depending on the lender. Use a personal loan calculator to estimate EMIs and understand how your credit score affects repayment.

CIBIL Score Ranges and What They Mean

• 750 – 900: Excellent – Fast approval and lowest interest rates.
• 700 – 749: Good – Approved by most lenders, though with possibly higher rates.
• 650 – 699: Average – Limited options with tighter terms.
• 600 – 649: Below Average – Higher interest and minimal availability.
• Below 600: Poor – Rare approvals unless supported by high income or collateral.

What is the Minimum CIBIL Score for Loan Approval via Apps?

Digital lenders like Kissht assess not just your CIBIL score, but also income consistency, spending behavior, and repayment history. Even with a score below 650, some users may get approval through alternate data assessments or pre-approved offers.

How to Improve Credit Score for Personal Loan

• Pay your EMIs and credit card dues on time.
• Keep your credit utilization below 30%.
• Avoid frequent loan or credit card applications.
• Maintain a mix of secured and unsecured credit.
• Check your credit report regularly for errors and get them corrected.

Improving your score can take a few months but significantly increases your chances of getting a personal loan at favorable terms.

Why Kissht is a Smart Option

Kissht’s personal loan app offers a fast, digital-first experience. Even if you don’t have the ideal CIBIL score, you can still explore customized options, get pre-approved offers, and enjoy a seamless application experience. From eligibility checks to disbursal updates, everything is app-driven and user-friendly.

FAQs

How much CIBIL score is required for personal loan approval?

Most lenders prefer a CIBIL score of 700+. For faster approval and lower interest, aim for 750 or higher.

What is the minimum CIBIL score for loan eligibility?

A score around 650 is the minimum accepted by many lenders, but digital platforms may go lower for strong profiles.

How does a good CIBIL score for loan affect interest rates?

Higher scores usually result in lower interest rates, quicker approvals, and better loan terms.