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Having No Credit History Hurts Approvals More Than a Low Score
A thin file makes lenders unable to judge risk, so start building history using a secured card.
A large number of first time borrowers assume having no loans or no cards means they are viewed as financially pure.
However in credit models, a thin file (no history) often scores NH or below 650 because lenders cannot assess repayment probability. Banks generally approve risk priced loans only after 6–9 months of behavioural repayment data.
A secured credit card backed by a ₹20,000-₹50,000 FD is the fastest way to establish clean history, allowing consistent reporting cycles and score formation with minimal risk.