Best Personal Loan for Low CIBIL Score 2026
Most private banks require CIBIL 750+. SBI and public sector banks sometimes approve loans for scores of 700-750 for government employees. Canara Bank has schemes for lower-credit-score borrowers. If your score is below 700, consider gold loans, secured personal loans, or credit builder products before applying for unsecured loans.
Last updated: April 6, 2026
Best Personal Loan Banks — Ranked April 2026
#1Best pick
SBI11.00%
Approves CIBIL 700+ for government employees
#2
Canara11.50%
Flexible norms for existing account holders
#3
PNB11.50%
Consideration for PSU/government employees
#4
Bank of Baroda11.40%
BoB Loan in seconds — app-based for existing customers
#5
IDFC First10.75%
Alternative data scoring — easier for salaried with lower CIBIL
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Calculate your EMI →Frequently Asked Questions
Can I get personal loan with 650 CIBIL score?+
Difficult from mainstream banks. PSU banks may approve for government employees. NBFCs like Bajaj Finance, Tata Capital approve with higher rates (14-24%). Consider a secured loan (gold, FD) as collateral for better rates.
How quickly can I improve my CIBIL score for loan?+
Clear any outstanding dues immediately. Make all EMI payments on time. Within 6-12 months of consistent on-time payments, your score can improve by 50-100 points. Avoid multiple loan applications while score is low.
What is the minimum CIBIL score for SBI personal loan?+
SBI recommends 750+ but approves 700+ for government and PSU employees. For SBI Xpress Credit, the minimum score varies by employer category.
Disclaimer: Rates are indicative as of April 2026 and subject to change. This is for informational purposes only. Verify with the bank before making financial decisions.