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What Is a Good CIBIL Score in India?

Key Takeaways

A CIBIL score of 750 and above is considered excellent in India.
A high CIBIL score increases your chances of getting faster loan approvals and better interest rates.
The CIBIL score ranges between 300 to 900, and most lenders consider 750+ as the best CIBIL score for loans.
You can get IDFC FIRST Bank’s FIRSTmoney Personal Loan with a CIBIL score of 710 and above.

29 Apr 2026 by Team FinFIRST

Good CIBIL Score for Personal Loan Approval in India - IDFC FIRST Bank

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Imagine this: You need ₹1 lakh urgently for a medical emergency or to book your flight tickets for a foreign trip. You apply for a personal loan online but are offered a high interest rate. At the same time, when your friend applies, they get a lower interest rate. So, what makes the difference? Most probably, your CIBIL score.

For any loan applicant, a CIBIL score is of utmost importance. It can determine your interest rate, approval chances and even the loan amount.

So, what is considered a good CIBIL score? And how can you make sure it works in your favour?

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What is the CIBIL Score Range and what it means

CIBIL Score Range	Creditworthiness	Loan Approval Likelihood
NA/NH or -1	Not Applicable or No History	Lenders may be hesitant to approve your loan application due to the lack of a credit history.
300–549	Poor	Loan approval is unlikely as lenders consider you a high-risk borrower.
550–649	Average	You will face difficulty in qualifying for new loans or credit cards due to higher perceived risk. You may face higher interest rates, lower loan amounts.
650–699	Fair	Loan approval is possible, with higher interest rates, stricter terms, or lower loan amounts.
700–749	Good	There’s a good chance of approval, but you might receive slightly higher interest rates or less favorable terms.
750–900	Excellent	You are considered a prime borrower, increasing your approval chances with favorable terms and lower interest rates.

👉 A CIBIL score of 750 and above is considered excellent. However, with IDFC FIRST Bank you can get a personal loan starting at 710 CIBIL Score.

Why is 750+ the best CIBIL score for loans?

• Instant Approvals – Many lenders provide instant personal loan approvals if you have a high credit score.

• Lower Interest Rates – A higher credit score means you’re more likely to get loans at the lowest interest rates. For products like home loan or car loan, you can find information on how interest rates are correlated with your CIBIL score on bank websites.

• Higher Loan Amount– For example, someone with a 780 CIBIL score may be approved for a Personal loan of ₹10 lakhs, while someone at 640 may only qualify for ₹3–5 lakhs.

How does your CIBIL score impact loan costs: an example

Consider two people applying for a ₹5 lakh personal loan for 5 years:

• Suvarna (CIBIL score: 780) is offered a personal loan at 9.99% p.a. Thus her EMI = ₹10,621 → Total interest ≈ ₹1,37,264
• Rajesh (CIBIL score: 650) is offered a personal at 15% p.a. Thus his EMI = ₹11,895 → Total interest ≈ ₹2,13,698

Suvarna can save nearly ₹76,434 simply because of a higher CIBIL score.

Minimum credit score for loan approval

Most banks and lenders require a minimum CIBIL score of 700 for personal loans. However, a CIBIL score of 750 and above can significantly improves your chances of getting the best personal loans.

• At 650–699, you may face higher rates and lower loan amounts.
• At 700–749, approval chances improve but not at the best terms.
• At 750+, you’re in the prime category for affordable loans.

Here are the steps to increase your CIBIL score and also maintain it

• Pay EMIs & Credit Card Bills on Time – Payment history can make up to 35% of your credit score. Missing a single EMI or bill can drop your CIBIL score.

• Keep Credit Utilisation Below 30% – If your credit card limit is ₹1 lakh, try not to spend beyond ₹30,000 at a time. This includes any amount converted into EMIs.

• Maintain a Healthy Mix of Credit – Having a healthy mix of secured (home loan) and unsecured (credit cards) builds credibility. However, this factor accounts for only 10% of your CIBIL score calculation.

• Avoid Frequent Loan or Credit Card Applications – Too many loan or credit card applications in a short period of time signal desperation and lower your CIBIL score.

• Check Your CIBIL Report Regularly – Keep a track of your CIBIL score and report using reliable websites and apps. Report any errors or inconsistencies immediately.

Why choose IDFC FIRST Bank’s FIRSTmoney Personal Loan?

If you’ve worked hard to build a strong CIBIL score, you deserve a loan that matches it. FIRSTmoney Personal Loan is designed for those who value convenience, transparency, and control.

• Low interest rates starting at 9.99% p.a.
• Zero foreclosure charges
• 100% digital application and instant approval
• Quick disbursal within 10 minutes

Frequently Asked Questions

A CIBIL score of 750 and above is considered good and gives you the best loan options.

With IDFC FIRST Bank you can get a personal loan with a CIBIL score of 710 and above.

Can I get a personal loan with a CIBIL score of 650?

Yes, but you may face higher interest rates and limited eligibility. Most lenders prefer a CIBIL score of 700 and above.

Does checking my CIBIL score reduce it?

No. Soft enquiries (checking your own CIBIL or credit score) do not affect it. However, if a lender does a hard enquiry, it does impact your CIBIL score.

How long does it take to improve my CIBIL score?

With disciplined financial (credit) behaviour, you can improve your score in 6–12 months.

What is the minimum CIBIL score for IDFC FIRST Bank personal loan?

Customers with a 710+ CIBIL score can apply for a IDFC FIRST Bank personal loan.

Disclaimer

The contents of this article/infographic/picture/video are meant solely for information purposes. The contents are generic in nature and for informational purposes only. It is not a substitute for specific advice in your own circumstances. The information is subject to updation, completion, revision, verification and amendment and the same may change materially. The information is not intended for distribution or use by any person in any jurisdiction where such distribution or use would be contrary to law or regulation or would subject IDFC FIRST Bank or its affiliates to any licensing or registration requirements. IDFC FIRST Bank shall not be responsible for any direct/indirect loss or liability incurred by the reader for taking any financial decisions based on the contents and information mentioned. Please consult your financial advisor before making any financial decision.

The features, benefits and offers mentioned in the article are applicable as on the day of publication of this blog and is subject to change without notice. The contents herein are also subject to other product specific terms and conditions and any third party terms and conditions, as applicable. Please refer our website www.idfcfirst.bank.in for latest updates.