New to Credit Loan

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New to Credit Loan

CIBIL or Equifax score need not be a deterrent when you apply for Loans or Credit.

As a first time borrower, the usual challenge is discovering lenders who are willing to lend to you due to limited or no credit history. To address this challenge, HDB offers you customized loan options with flexible repayment tenure for first time borrower like yourself.

We are here to unlock your Credit potential.

  • Our proprietary New-To-Credit profiling engine starts off with data from the bureaus.
  • We then further build on it with secondary information from non-traditional data sources.
  • These non-traditional data sources help us understand you better and make products available to you despite your limited credit history.

Our simple user interface helps you easily apply for loan at attractive interest rates, flexible repayment tenure and EMIs so that you do not have to make a product decision in the dark.

Get a loan and at the same time build your credit score and history.


Calculate your Loan EMI instantly


|
0 |
25L |
50L |
75L |
100L |
125L |
150L |
175L |
200L
%
|
5 |
10 |
15 |
20 |
25 |
30 |
36
|
0 |
5 |
10 |
15 |
20 |
25 |
30

Loan EMI

₹24,959

Total Interest Payable

₹34,90,279

Total Payment
(Principal + Interest)

₹59,90,279


  • Loan amount upto 1.50 lacs
  • Flexible repayment tenure – 6 / 12 / 18 months
  • Leverage the power of your social profile to access credit
  • Decide based on what you can afford and what is best for you

  • Minimum age of 24 years
  • Salaried Individual with - Minimum 1 year of post-qualification experience
  • Employed with Select Corporate

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Salaried Individuals include Salaried Doctors, CAs, employees of select Public and Private limited companies, Government Sector employees including public sector undertakings:

Documents required:

  • Proof of Identity & Address Proof: Passport / Voters ID / Driving License/PAN Card*/Aadhar Card or Proo fof possession of Aadhaar number(on Voluntary basis) / Photo /Driving License/ Voter ID/ Utility Bill (anyone which is not more than two months old of any service provider - electricity, telephone, post-paid mobile phone, piped gas, water bill) / Registered Rental Agreement/Letter of allotment of accommodation from employer/ leave and license agreements with employers allotting official accommodation
  • Date of Birth Proof: Driving License / PAN Card / Passport / Birth Certificate / 10th / 12th mark sheet bearing date of birth
  • Bank Statements: Latest statements / Bank passbook (updated within 90 days)
  • Latest 3 Months Salary Slip along with latest Form 16 / ITR / Appointment Letter.

All fields are mandatory*

Take the next step & manage your immediate financial needs now.

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*HDB Financial Services Ltd may use the services of various agents on its behalf for the purpose of sales and marketing for HDB's products and services.