Credit Scores in India
How to Build a Score From Scratch
New borrowers with no history have no score, and can start with a small credit card, a secured card or a small loan repaid on time.
Everyone starts somewhere.
No history
Without borrowing, you have no score, which can be a barrier.
Starter products
A secured card against a fixed deposit, a small consumer loan or a card from a bank where you have an account.
Habits
Pay in full and on time, and keep balances low.
Patience
It takes several months of activity to generate a score.
A first card
A young professional uses a card for groceries and pays the full bill each month.
Taking loans just to build a score
Borrow only what you need.
Key takeaways
- No history means no score.
- Secured cards help.
- Pay on time.
- Building takes months.
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