how much cibil score required for personal loan

The minimum CIBIL score required for a personal loan generally ranges from 650 to 750, depending on the lender. While some Non-Banking Financial Companies (NBFCs) may consider a score starting at 650, many banks often prefer a minimum of 700. A score of 750 and above is considered ideal. Achieving an excellent credit score significantly increases your chances of quick approval, lower interest rates, and securing the best possible loan terms. Maintaining a good CIBIL score is crucial since personal loans are unsecured.