Google’s John Mueller said on Twitter that Google treats redirect loops like broken links. For example, a redirect loop happens if URL A redirects to URL B, which redirects to URL C, which redirects to URL A. Website visitors won’t see a page but an error message when they enter an URL that is part of a redirect loop in their web browsers.
For Google, a redirect loop is a page that doesn’t work. For that reason, Google ignores these URLs:
It's always good to fix broken links for your users. In general, a redirect loop is a URL that doesn't work, so it's essentially a broken link. We ignore these for search, but again, it's always good to fix broken links for users.
— ? John ? (@JohnMu) July 23, 2019
Fix your website errors
Redirects, the wrong HTTP status codes and many other things can have a negative influence on the Google rankings of your web pages. Check your website with the website audit tool to remove all errors now: