A first-time borrower's roadmap
No credit history is not the same as bad credit — but it needs a different approach.
5 min read
What you need to know
With a thin file, lenders have nothing to score. Build a record before you need a large loan: a secured credit card against a fixed deposit, or a small consumer-durable loan repaid on time for twelve months, creates a usable history.
When you do apply, a co-applicant with an established record, a larger down payment, or a salary account relationship with the lending bank all materially improve your odds.
Continue your research
Use this guide alongside our product details and eligibility criteria before choosing a lender.
Frequently asked questions
What is the main takeaway from “A first-time borrower's roadmap”?
No credit history is not the same as bad credit — but it needs a different approach.
What should I check before acting on this loan basics guide?
Review the practical points in the guide against your income, obligations, documents and lender requirements.
Can the information in this guide guarantee loan approval?
No. It is general educational information. A bank or NBFC makes the final decision after checking your credit profile, repayment capacity, documents and the applicable product policy.
How can iFINTRUST help after I read this guide?
An iFINTRUST advisor can review your requirement, explain the documents normally requested and help you compare suitable lending options before you apply.