How to Get a Personal Loan Even With a Low CIBIL Score
- Pooja Parvatkar
- Oct 29
- 3 min read
Your CIBIL score plays a big role in getting a personal loan approved. It reflects how responsible you are with credit. It reveals whether you pay EMIs on time, manage debt well, and avoid over-borrowing. But if your score isn’t perfect, don’t worry. A low CIBIL score doesn’t mean the end of your loan journey. With the right strategy, you can still get a personal loan and even work toward improving your credit health.
What Is a Low CIBIL Score?
A CIBIL score ranges between 300 and 900. Typically, a score above 750 is considered good.If your score is below 650, banks and traditional lenders may see you as a higher-risk borrower. However, several NBFCs (Non-Banking Financial Companies) and digital lenders now offer personal loans to applicants with lower scores—often based on income, employment stability, and repayment capacity.
How to Get a Personal Loan With a Low CIBIL Score
Apply With NBFCs or Digital Lenders
Banks are stricter with credit requirements, but NBFCs and fintech companies are more flexible. They assess your profile based on your current income, repayment capacity, and employment stability, not just your score.
Show Proof of Stable Income
A consistent salary or steady business income can reassure lenders of your ability to repay. Attach salary slips, ITRs, and bank statements when applying; it boosts your approval chances.
Opt for a Lower Loan Amount
If your score is low, start small. A smaller loan is easier for lenders to approve, and timely repayment can help rebuild your credit history. Calculate how much your EMI will go up to and have a repayment plan ready. One Day Finance EMI calculator can help you with it.
Add a Co-Applicant or Guarantor
If you have a friend or family member with a strong CIBIL score, applying with them can improve your loan eligibility and help secure a better interest rate.
Maintain Transparency
Honesty goes a long way. Clearly explain any past financial issues (like job loss or medical emergencies) that led to a low score. Some lenders appreciate transparency and may still approve your loan based on your present stability.
How to Improve Your CIBIL Score
Pay EMIs and Credit Card Bills on Time
Payment history makes up over 35% of your CIBIL score. Automate payments to ensure you never miss a due date.
Keep Credit Utilization Below 30%
If you have a credit card with a ₹1,00,000 limit, avoid spending more than ₹30,000 monthly. High utilization signals financial stress.
Avoid Too Many Loan Applications
Each loan inquiry creates a “hard check” on your report, which can lower your score. Apply only when you’re confident about approval.
Maintain a Healthy Mix of Credit
A balance of secured (like car loans) and unsecured loans (like personal loans) builds a stronger credit profile.
Check Your Credit Report Regularly
Sometimes, errors or outdated information pull your score down. You can request one free CIBIL report annually and raise a dispute for corrections if needed.
How One Day Finance Can Help
At One Day Finance, we understand that a low CIBIL score shouldn’t stop you from achieving your goals. Whether it’s for debt consolidation, medical expenses, or travel, we work with trusted NBFCs and financial institutions that offer custom personal loans—even for those rebuilding their credit.
Our experts help you:
Compare offers and choose the best fit
Get personalized advice to boost your credit score
Ensure quick disbursal and transparent processing
You focus on your goals—we’ll handle the finance.
Final Takeaway
A low CIBIL score isn’t the end—it’s just a starting point for better financial discipline. By borrowing smartly, paying on time, and keeping track of your credit health, you can rebuild your score and regain full financial confidence. Contact One Day Finance for a free consultation.
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