Loan Types
Calculator
FAQs
Video
Rs. 40,000 - Rs. 55 lakh
You may be eligible for a pre-approved offer
Enter mobile and OTP | Check offer | No branch visit needed
In summary
A CIBIL Score of 650 places you at the lower end of the good range. It may support access to standard personal loan options, but recent delays, high credit utilisation or multiple enquiries could lead to closer lender checks.
To strengthen your 650 CIBIL Score:
- Pay every EMI and credit card bill on time
- Reduce card balances that use a large part of your available limit
- Avoid applying for several credit products within a short period
- Review your credit report for incorrect or outdated information
A 650 CIBIL Score provides a starting point for improvement. Building a cleaner recent repayment record may increase lender confidence and help you move further into the good range.
How is a 650 CIBIL Score viewed?
A 650 CIBIL Score sits exactly at the beginning of the good category. It indicates that you may have managed some credit accounts responsibly, although parts of your report could still suggest repayment pressure or inconsistent account management.
At this score, you may experience:
- Access to selected personal loans: Some lenders may consider your application when other eligibility requirements are met.
- Closer repayment checks: Recent delays and outstanding balances may receive additional attention.
- Variable loan terms: The rate, amount and tenure offered can differ considerably between lenders.
- Limited premium options: Certain personalised or premium products may require a stronger overall profile.
- Clear improvement potential: Consistent repayments can help move your score further above the lower boundary of the good range.
A score of 650 does not guarantee approval, but it may provide access to standard borrowing options. Check your personal loan eligibility using your mobile number and OTP to understand whether an offer is available for your profile.
What else do lenders check beyond your CIBIL Score?
Your CIBIL Score summarises earlier credit behaviour, but lenders also need to determine whether your current finances can support another monthly repayment.
They may review:
- Monthly income: Regular earnings help establish whether the proposed EMI is affordable.
- Existing EMIs: Current loan repayments reduce the income available for a new personal loan.
- Employment continuity: Stable salaried work or business income may support the application.
- Recent repayment history: Newly reported delays can affect the lender's assessment.
- Credit card balances: High outstanding amounts may indicate financial pressure.
- Recent enquiries: Several formal applications can suggest an increased need for credit.
- Requested loan amount: The amount should remain proportionate to your income and liabilities.
A stable income and manageable repayment burden may strengthen your application even while your score remains at the lower end of the good range.
How a 650 CIBIL Score affects your personal loan
A 650 CIBIL Score may support personal loan eligibility, but the lender is likely to review your profile carefully. The final decision will depend on the reason behind the score and your present repayment capacity.
Your score may affect:
- Loan pricing: Your CIBIL Score, income, repayment record and active EMIs can influence the personal loan interest rate offered.
- Eligible loan amount: High existing liabilities may reduce the amount you can qualify for.
- Application assessment: Lenders may examine recent payments and outstanding balances closely.
- Repayment tenure: Available tenure options may depend on the EMI your income can support.
Offer availability: Personalised or pre-approved options will depend on the lender’s complete assessment.
Choose a realistic loan amount and avoid submitting applications to several lenders at once. Compare the EMI and total repayment obligation, then check your personal loan eligibility using your mobile number and OTP before proceeding.
How a 650 CIBIL Score may influence interest rates
A 650 CIBIL Score may result in less competitive personal loan pricing than a score positioned higher within the good or excellent range. This is because lenders may perceive greater repayment uncertainty when the score is close to the lower boundary.
However, the score is only one part of the assessment. Stable income, limited existing debt and a clean recent payment record may support a more suitable offer.
Review the personal loan interest rate together with the processing charges, tenure and total interest payable. This will help you understand the complete cost rather than judging the offer by the EMI alone.
Understanding the main CIBIL Score categories
CIBIL Scores range from 300 to 900. These categories help lenders form an initial view of credit behaviour before reviewing income, debt and repayment capacity.
| CIBIL Score range | Rating | What it means |
| 300-549 | Poor | The report may contain serious repayment concerns, making access to unsecured credit difficult. |
| 550-649 | Fair | Some borrowing options may be available, generally with closer checks or restrictive terms. |
| 650-749 | Good | The applicant may qualify for standard credit products, although offers can vary across lenders. |
| 750-900 | Excellent | This range generally reflects consistent repayment behaviour and may support competitive credit options. |
A 650 CIBIL Score is the first score within the good category. Moving higher within this range may require sustained timely payments and lower outstanding balances.
How to improve and strengthen your 650 CIBIL Score
At 650, begin by identifying the factors holding back your profile. The issue could be a payment delay, high credit utilisation, multiple enquiries or incorrect account information.
You can strengthen your score by:
- Paying all loan EMIs and card bills before their due dates
- Clearing overdue amounts before focusing on other improvements
- Reducing credit card balances through planned repayments
- Keeping utilisation below 30% wherever practical
- Avoiding unnecessary loan and credit card applications
- Checking that repaid loans show a zero outstanding balance
- Disputing unfamiliar accounts or incorrect payment entries
- Keeping older accounts active when they remain affordable
- Monitoring repayments on joint or guaranteed loans
- Reviewing your monthly debt burden before accepting new credit
Improvement from 650 usually requires consistent action rather than a single change. Focus first on preventing new delays and reducing the balances already reported.
Related links:
| 639 cibil score | 650 cibil score | 666 cibil score |
| 672 cibil score | 689 cibil score | 694 cibil score |
| 723 cibil score | 732 cibil score | 792 cibil score |
| 794 cibil score | 796 cibil score | 812 cibil score |
Key offerings: 3 loan types
Personal loan interest rate and applicable charges
Type of fee | Applicable charges |
Rate of interest per annum | 10% to 30.5% p.a. |
Processing fees | Up to 4.13% of the loan amount (inclusive of applicable taxes). |
Flexi Facility Charge | Term Loan – Not applicable Flexi Loans –Up To Rs 1,999 To Up To Rs 18,999/- (Inclusive Of Applicable Taxes) |
Bounce charges | Rs. 700 to Rs. 1,200/- per bounce “Bounce charges” shall mean charges for (i) dishonor of any payment instrument; or (ii) non-payment of instalment (s) on their respective due dates due to dishonor of payment mandate or non-registration of the payment mandate or any other reason. |
Part-prepayment charges | Full Pre-payment:
Part Pre-payment
|
Penal charge | Delay in payment of instalment(s) shall attract Penal Charge at the rate of up to 36% per annum per instalment from the respective due date until the date of receipt of the full instalment(s) amount. |
Stamp duty (as per respective state) | Payable as per state laws and deducted upfront from loan amount. |
Annual maintenance charges | Term Loan: Not applicable Flexi Term (Dropline) Loan: Up to 0.295% (Inclusive of applicable taxes) of the Dropline limit (as per the repayment schedule) on the date of levy of such charges.
Up to 0.472% (Inclusive Of Applicable Taxes) Of The Dropline Limit During Initial Tenure. Up to 0.295% (Inclusive Of Applicable Taxes) Of Dropline Limit During Subsequent Tenure |
| Credit guarantee scheme fee | Up to 1.18% p.a. (pro-rated daily till 31st March) (inclusive of all applicable taxes) of the loan amount |
| Credit guarantee scheme renewal fee | Up to 1.18% p.a. (inclusive of all applicable taxes) on the outstanding loan amount as on April 01 of the subsequent Financial Year. *Renewal Fee to be collected only for 3 subsequent financial years. **If the Remaining Tenure is less than 12 months, the CG Fee in subsequent years shall be charged prorated. |
Not your nearest branch?
Related articles
Disclaimer
Bajaj Finance Limited has the sole and absolute discretion, without assigning any reason to accept or reject any application. Terms and conditions apply*.
For customer support, call Personal Loan IVR: 7757 000 000