Can you get a personal loan with a low credit score?
Lenders can allow loans despite low credit score but these may be smaller and the interest rate you pay may be higher
A credit or a CIBIL (Credit Information Bureau (India) Limited) score is one of the principal factors considered by lenders while extending any loan—a personal loan or a credit line. Lenders have a threshold credit score below which they will not lend. Banks usually require a credit score of at least 650 or more for sanctioning a personal loan.