Tips to Get a Loan Without Credit Score in India (Even With Low Credit)

Don’t have a credit score or your score is low? 😟
No problem! 💡

Getting a loan without credit score in India is still possible. You just need to know the right way. In this guide, we’ll share simple, step-by-step tips to help you get approved for a loan — even if you’re just starting your credit journey.

These tips are perfect for:
👨‍🎓 First-time borrowers
👩‍💼 Salaried employees with no loan history
👨‍👩‍👦 Parents or students needing small loans
🧑‍🔧 Self-employed individuals with irregular income

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🔍 What Do Lenders Check Without a Credit Score?

Even if your CIBIL score is 0 or not available, lenders look at other things:

✅ Your monthly income
✅ Job stability or business history
✅ Existing EMIs or loans
✅ Bank account balance
✅ Collateral (gold, FD, etc.)
✅ Co‑applicant’s credit
✅ Past relationship with the bank

This helps them decide if you can repay the loan.

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💡 Smart Tips to Get a Loan Without Credit Score in India

🔐 Use a Secured Loan

A secured loan means you give something valuable as a guarantee — like:

• 🪙 Gold Loan

• 💼 Loan against Fixed Deposit (FD)

• 🏠 Loan against Property

👉 Because there is less risk, banks and NBFCs approve these easily. Secured loans are one of the easiest ways to get a loan without credit score in India, especially for first-time borrowers.

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👨‍👩‍👦 Add a Co‑Applicant or Guarantor

If someone in your family (like your spouse, parent, or sibling) has a good credit score, you can:
✔️ Apply with them as a co‑applicant
✔️ Or have them sign as a guarantor

💡 This gives lenders more confidence in your application.

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📑 Show Income & Documents

Even with no score, a regular income can help you get approval.

Documents to show:

• Salary slips (last 3–6 months)

• Income Tax Returns (ITR)

• Bank statements

• Business proofs (for self-employed)

📌 The more honest and clear your papers, the better your chances!

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💰 Start with a Small Loan

Don’t ask for a big amount at first. Start with:

• 💸 ₹10,000 – ₹50,000 (personal loan)

• 💳 Buy Now Pay Later (BNPL)

• 🛍️ EMI-based small product (phone, appliance)

👉 Once you repay on time, your credit history starts building. ✅

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📱 Try NBFCs or Loan Apps

NBFCs and fintech loan apps are more flexible than banks.
They look at your income, mobile usage, digital activity, etc.

Popular options:

• Navi

• KreditBee

• MoneyTap

• Fibe (EarlySalary)

• CASHe

Read more: 🔗 Best Loan Apps in India (2025): RBI Approved, Instant & Safe Options

⚠️ Use only RBI-approved apps. Avoid unverified loan apps!

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❓ Use “NA / NH” Credit Report

If your CIBIL report says:

• NH – No History

• NA – Not Applicable

Then mention this to the lender. Some allow loans under special schemes. 📝
(Interest may be slightly higher.)

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🏦 Ask Your Own Bank

Do you have:
✔️ A salary account
✔️ Fixed Deposit
✔️ Savings account

Then contact your bank directly!
They already trust you based on your past relationship. 💙

Example: If you’re with SBI or HDFC for 3+ years, chances of approval go up!

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Fix Errors in Your Credit Report

Sometimes, your low score is due to mistakes.
Check your report from:
🔗 CIBIL
🔗 Experian
🔗 CRIF High Mark

You can check your credit report for free from [CIBIL], [Experian], or [CRIF High Mark].

If there’s an error:
🚨 Raise a dispute
📩 Submit documents
🗓️ Get it corrected in 30–60 days

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Want to Calculate Your EMI or Check Loan Eligibility?

If you’re planning to apply for a Loan Without Credit Score in India or simply want to calculate your EMI, we’ve made it super easy for you!

Use our Free EMI Calculator & Loan Eligibility Tool to make smarter financial decisions and work on improving your credit score.

• Get your monthly EMI instantly.

• Quickly check your loan eligibility—even if you’re applying for a loan without credit score in India.

• Compare multiple loan options easily.

• Plan your budget more effectively.

• 100% Free and quick to use!

EMI Loan Calculator

Loan Eligibility Calculator

Start today and manage your loan smartly with confidence.

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⚠️ What to Avoid

❌ Applying for too many loans at once
❌ Borrowing more than you can repay
❌ Using fake or shady loan apps
❌ Not reading loan terms properly
❌ Missing payments – this hurts credit building

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📈 How to Improve Credit Score for the Future

💡 Within 6–12 months, your credit score can reach 700+ if you follow these steps!

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✅ Summary Box: Key Tips

• 🔐 Use secured loans like gold or FD

• 👨‍👩‍👦 Apply with a guarantor or co‑applicant

• 📑 Show stable income & documents

• 💸 Start small, repay well

• 📱 Use RBI-approved loan apps & NBFCs

• 🛠 Fix your credit report errors

• 🧠 Build good habits to raise your score

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❓ Frequently Asked Questions (FAQs)

Q1. Can I get a personal loan without credit score in India?

👉 Yes, it’s possible to get a loan without credit score in India by using options like secured loans, NBFCs, or applying with a co-applicant.

Q2. Will I get a loan if my CIBIL is below 600?

👉 It’s tough, but possible with collateral or guarantor.

Q3. What is the safest loan app in India?

👉 Navi, KreditBee, CASHe — but always check if RBI-approved.

Q4. How fast can I improve my credit score?

👉 With timely EMI payments, results can be seen in 6–9 months.

📖 Read More:
🔗 Difference Between Credit Score and CIBIL Score: Clear the Confusion Before It Hurts Your Finances in 2025

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📲 What to Do Next

Getting a loan without credit score in India may seem difficult, but it’s absolutely possible with the right approach. ✅

Whether you’re just starting your financial journey or facing a low CIBIL score, there are smart and safe options available — from secured loans and co-applicants to trusted NBFCs and digital lenders.

💡 The key is to:

• Start small

• Keep your documents ready

• Build trust slowly with timely repayments

With every step, you move closer to building a strong credit profile and unlocking bigger financial opportunities. 💳🏠