A CIBIL score of less than 600 can severely limit your financial options during such times when you need money. Most banks will turn you down. Some lenders will even refuse your application without thoroughly considering your case. However, do not despair; assistance is still available. Some lenders offer a bad credit loan even when your score is low.
This guide explains how you can find a personal loan for CIBIL score under 600 in simple words.
Why a Low CIBIL Score Makes It Hard
Think of your CIBIL score as your financial report card. If it falls below 600, the lenders might consider you too risky to offer money. Still, that does not mean all the doors are closed for you. A lot of NBFCs, small finance banks, and loan apps are there to provide people in need of urgent funds with bad credit loan options.
Many borrowers search for how to get a loan with poor credit because they feel confused and scared. The truth is, getting a loan is still possible with the right approach.
Who Offers Loans for a CIBIL Score Under 600?
Here are the main places that offer the best loan options for low CIBIL scores.
- NBFCs
- Small finance banks
- Gold loan companies
- Trusted loan apps
- Lenders who accept collateral
Each lender has different rules. But many are open to giving a bad credit loan if you show that you can repay it.
Type of Lenders and Ease of Approval
| Type of Lender | Chance of Approval | Why It Helps |
| NBFCs | High | Flexible rules and faster checks |
| Small Finance Banks | Medium | Better support for low-score borrowers |
| Loan Apps | Medium–High | Quick process, simple documents |
| Gold Loan Companies | Very High | Loan based on gold value, not CIBIL |
| Regular Banks | Low | Strict rules for low CIBIL scores |
Smart Ways to Increase Your Approval Chances
Bad credit loans are still accessible through smart steps. Here are some suggestions,
- Check Your Income Flow
Regular earners are usually trusted by lenders. Provide salary slips or bank statements as proof.
- Start With a Small Amount
Approval is easier with small loans.
- Add a Co-Applicant
A family member with a good score increases your chances.
- Go For Lenders Who Accept Collateral
Gold, FD, or property can give you a better chance of getting a loan with a lower rate.
- Apply to the Right Lenders
Not every lender gives support to people who have a personal loan for a CIBIL score under 600. So, make a wise choice.
Simple Comparison of Loan Options
| Loan Type | Interest Rate | Best For |
| Gold Loan | Low–Medium | Quick money with low CIBIL |
| NBFC Loan | Medium–High | People with a stable income |
| Loan App Loan | High | Urgent short-term needs |
| Secured Loan (FD/Property) | Low | Long-term borrowing |
| Small Finance Bank Loan | Medium | Low CIBIL but regular job |
How to Choose the Best Loan When CIBIL Score Is Low
The selection of a lender is an important factor. Getting a loan is already a tough situation for someone with bad credit, and thus, many might still be confused as to how to get a loan with poor credit. Here are the points you should check,
- Interest Rate
Find a lender with a reasonable interest rate. Do not consider the ones that are very high.
- Extra Fees
Some lenders charge high processing fees. Read the terms carefully.
- Repayment Options
Going with a lender who is offering different EMI plans will be the right decision.
- Customer Reviews
Always check real user feedback before applying.
These steps will help you find the best loan options for low CIBIL scores without stress.
Popular Lenders for Low CIBIL Scores
Here are well-known lenders that often offer a bad credit loan option.
- Bajaj Finserv
- Tata Capital
- Fibe (EarlySalary)
- MoneyTap
- KreditBee
- Muthoot Finance
- HDFC Bank (secured loans)
Conclusion
Getting a loan with a CIBIL score under 600 is not impossible. You just need to choose the right lender and apply smartly. Start small, show steady income, and compare all options before deciding. With careful steps and timely payments, you can get the money you need today and slowly improve your credit score for better opportunities in the future.
