If you have no credit history, you can still apply for a personal loan but it comes with important caveats and you’ll need to meet certain criteria beyond just “no credit score”. So, how to get a loan with no credit?
Lenders typically rely on credit scores to assess risk, but some products labelled “no credit check” or “no prior credit history required” exist. For example, Airtel Finance offers loans where the traditional credit check is bypassed in favour of looking at income, job stability and bank account activity.
Just because you have no credit history doesn’t guarantee approval. Lenders will still assess your income level, employment stability, bank statements and EMIs. For instance, you can apply if you have a monthly income of Rs. 13,500+ even without overlapping credit obligations.
Interest rates and fees tend to be higher for “no-credit-history” borrowers because the lender takes on more risk. Some loans that claim “no credit check” still perform soft credit checks, or treat existing balances, banking activity and employment as substitutes for a formal credit score.
Maintain a steady job/income and demonstrate it via payslips, bank statements, salary credits. Avoid high existing debt or EMIs your debt to income ratio should look manageable.
Start with smaller loan amounts to build your credit. Repaying well will help establish your credit history for future loans. Read all terms carefully: higher rates, shorter tenure or stricter conditions often accompany these loans.
Consider waiting to build a credit profile (e.g., via a secured card, small loan) if you don’t urgently need the funds; better terms often follow once you have a score.
I hope this helps!
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Can I Get a Personal Loan with No Credit?
ruchi
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2025-11-26T07:57:34+00:00 2025-11-26T07:57:36+00:00Comment
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