Q1. Can I get a personal loan from a bank with a 550 CIBIL score?

Ans. In most cases, banks are strict and prefer scores above 700. However, if you have a strong salary account relationship with the bank and stable income, and valid reason for low credit score, approval may still be possible in some cases.

Q2. What is the interest rate for personal loan at 550 CIBIL score?

Ans. Interest rates usually range between 18% and 36% per annum depending on your income, job profile, lender policies, and credit history.

Q3. Can I get an instant personal loan with low CIBIL score?

Ans. Yes, many NBFCs and fintech lenders offer instant loans even for low score borrowers, but you must ensure the lender is genuine and transparent.

Q4. How long will it take to improve my CIBIL score from 550?

Ans. If you pay EMIs on time and maintain good credit behaviour, you may start seeing improvement within 3 to 6 months.

personal loan for cibil score of 550: can you still get approved in 2026?

Mohd Saddam
February 19, 2026
Home, Finance

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Mohd Saddam

Myself Mohd Saddam (B COM & MBA, 5 years of experience in Banking sector). I am author and founder of techfinnews.com.

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Mohd Saddam

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