HDFC Bank seeks a credit score of 650 and more to approve your personal loan. If you have a bad credit score, you may get a personal loan, but with higher interest rates and lower loan amount. 

Yes, getting an HDFC personal loan with such a low credit score will be tough, but it is not impossible. You can take a few basic precautions before beginning the loan procedure to ensure that everything is in order. A low credit score suggests to the lender that you are a risk. A high credit score indicates that the borrower will pay his or her bills on time. Your credit score is affected by how well you've returned prior loans, whether you've defaulted or pre-paid any loans, the types of loans you've taken, and how much of your income goes toward loan repayment.

  • Show any additional source of income you might have to assure the lender that you can make timely EMI payments
  • Show your previous repayment history to prove your debt management mettle
  • Choose a lower loan amount
  • You can go for a secured personal loan
  • Try adding an earning member of your family as a co-applicant

Although a low credit score indicates a borrower's poor creditworthiness and makes obtaining a loan difficult, these are some steps you can take to get a loan despite a low credit score.

Also Read: Instant Loan Without Documents