Ideally, a CIBIL or credit score of 750 and above is considered best when it comes to getting approval on a personal loan application. This is because personal loans are unsecured (they are not secured by any form of collateral like property, shares, gold or FD). However, some lending institutions have a lower minimum benchmark for the credit score of personal loan applicants. Hence, with a score of 680, you can get a personal loan from such lenders.
You might have to pay a higher rate of interest for the loan as your CIBIL score is quite close to the ‘no lend zone’ that lies below 600. This means that there is too much risk for the lending institution to grant loans to the applicant.
If you wish to get a lower rate of interest for your personal loan, you can opt for a secured personal loan which is backed by some collateral of value. If you do not have any collateral, you can opt for a joint loan with a co-applicant who has a good credit score.