Calculate EMI, total interest and repayment for personal loans. Understand how your CIBIL score directly impacts the interest rate you are offered by banks and NBFCs.
Personal loans are unsecured, so banks charge a risk premium based on your creditworthiness. A higher CIBIL score signals lower default risk, resulting in substantially lower interest rates.
| CIBIL Score | Category | Typical Rate | Approval |
|---|---|---|---|
| 750–900 | Excellent | 10.5%–12.5% | Best odds |
| 700–750 | Good | 13%–16% | High |
| 650–700 | Average | 17%–22% | Moderate |
| Below 650 | Low | 22%–30%+ | Difficult |