what is the cibil score required for personal loan

The minimum CIBIL score required for a personal loan typically starts at 650, though the exact cutoff varies by lender. Banks often prefer a score of 700 or above. Achieving a CIBIL score of 750 or higher is generally considered ideal as it significantly increases your chances of quick approval, helps you secure the lowest possible interest rates, and grants the most favorable loan terms. A higher score demonstrates better creditworthiness to the lender.