Minimum CIBIL score required by each bank for different loan types. Understand how your score is calculated and how to improve it quickly.
Different banks have different minimum CIBIL score requirements depending on the loan type, amount, and your overall profile. Here is a comprehensive bank-wise breakdown for the most common loan types.
| Bank | Min CIBIL Score | Best Rate Score | Interest Rate Range |
|---|---|---|---|
| SBI | 650 | 750+ | 8.50–9.85% |
| HDFC Bank | 700 | 750+ | 8.75–9.65% |
| ICICI Bank | 700 | 750+ | 8.80–9.85% |
| Bank of Baroda | 650 | 750+ | 8.60–10.10% |
| PNB | 650 | 725+ | 8.65–10.15% |
| Kotak Mahindra Bank | 700 | 750+ | 8.85–9.80% |
| Axis Bank | 700 | 750+ | 8.90–10.05% |
| LIC Housing Finance | 650 | 725+ | 8.65–10.30% |
| Bajaj Housing Finance | 675 | 750+ | 8.70–10.00% |
| Bank/NBFC | Min CIBIL Score | Best Rate Score | Interest Rate Range |
|---|---|---|---|
| SBI | 700 | 750+ | 11.15–14.30% |
| HDFC Bank | 700 | 750+ | 10.75–16.00% |
| ICICI Bank | 700 | 750+ | 10.85–16.50% |
| Axis Bank | 700 | 750+ | 10.75–17.00% |
| Kotak Mahindra Bank | 700 | 750+ | 10.99–16.50% |
| IDFC First Bank | 675 | 725+ | 10.49–16.00% |
| Bajaj Finserv | 650 | 725+ | 11.00–18.00% |
| Tata Capital | 650 | 725+ | 10.99–18.00% |
| IndusInd Bank | 700 | 750+ | 10.49–15.50% |
| Bank | Min CIBIL Score | Best Rate Score | Interest Rate Range |
|---|---|---|---|
| SBI | 650 | 725+ | 8.85–9.80% |
| HDFC Bank | 675 | 750+ | 8.80–10.00% |
| ICICI Bank | 675 | 750+ | 8.90–11.00% |
| Bank of Baroda | 650 | 725+ | 8.90–10.30% |
| Axis Bank | 700 | 750+ | 9.00–10.50% |
| Kotak Mahindra Bank | 700 | 750+ | 8.99–10.50% |
Your CIBIL score is a three-digit number between 300 and 900, calculated by TransUnion CIBIL based on your credit behaviour reported by banks and NBFCs. The score is determined by five key factors, each carrying a different weightage.
| Factor | Weightage | What It Measures |
|---|---|---|
| Payment History | 35% | On-time payments of EMIs and credit card bills |
| Credit Utilization | 30% | Percentage of available credit limit being used |
| Credit Age | 15% | Average age of all your credit accounts |
| Credit Mix | 10% | Diversity of credit types (secured vs unsecured) |
| Credit Inquiries | 10% | Number of hard inquiries in recent months |
Payment history is the single most important factor. Even one missed EMI or credit card payment can drop your score by 50–100 points. Credit utilization (keeping balances below 30% of your credit card limit) is the second most impactful factor and is something you can improve quickly.
If your CIBIL score is below the required minimum for the loan you want, here are the fastest and most effective steps to improve it.
| Action | Impact on Score | Timeline |
|---|---|---|
| Pay all overdue EMIs and bills | +50 to +100 points | 30–45 days |
| Reduce credit card utilization to below 30% | +20 to +40 points | 1–2 billing cycles |
| Dispute and fix errors in CIBIL report | +10 to +50 points | 30 days |
| Stop applying for new credit | +5 to +15 points | 3–6 months |
| Clear settled or written-off accounts | +30 to +50 points | 45–60 days |
| Build history with secured credit card | +30 to +60 points | 6–12 months |
The fastest improvement comes from clearing overdue payments and reducing credit card balances. These two actions alone can boost your score by 70–140 points within 1–2 months. For the best results, combine all the actions above consistently over 3–6 months.
A score of 750 and above is considered the gold standard for loan approval. At this level, you get the lowest interest rates, highest loan amounts, fastest processing, and minimal documentation requirements. Scores between 700–749 still get approved easily but at slightly higher rates. Below 650, most mainstream banks will decline your application, and you will need to approach NBFCs or opt for secured loans.
Use our free calculator to check your eligibility based on your income, existing EMIs, and credit profile.
Check Your Loan Eligibility →Most banks require a minimum CIBIL score of 650–700 for home loan approval. SBI approves home loans with scores as low as 650, while HDFC Bank and ICICI Bank typically require 700+. A score of 750+ qualifies you for the lowest interest rates and fastest approval across all banks.
Getting a loan with a 600 CIBIL score is difficult with mainstream banks but possible through NBFCs like Bajaj Finserv, Tata Capital, and L&T Finance. The interest rate will be 3–6% higher than what a 750+ applicant would get. Secured loans like gold loans or loans against FD are easier to get with lower scores.
CIBIL score is calculated based on five factors: payment history (35% weightage), credit utilization (30%), credit age or length of credit history (15%), credit mix of secured and unsecured loans (10%), and number of recent credit inquiries (10%). Payment history and utilization together account for 65% of your score.
Improving your CIBIL score from 650 to 750 typically takes 4–8 months of disciplined credit behaviour. Pay all EMIs and credit card bills on time, reduce credit utilization below 30%, clear any overdue accounts, and avoid new credit applications. The exact timeline depends on what is pulling your score down.
No, checking your own CIBIL score is a soft inquiry and has zero impact on your score. You can check it as many times as you want. Only hard inquiries made by banks when you apply for a loan or credit card can reduce your score by 5–10 points per inquiry.