What to expect
- NBFCs and fintech lenders approve scores in the 600 to 700 band, at 18% to 26%
- A secured option — gold loan or loan against property — ignores the score almost entirely and costs far less
- Adding a co-applicant with a strong score materially improves the odds
- Applying repeatedly after rejections makes the score worse; fix the score first where you can
Documents you will need
- PAN and Aadhaar
- Income proof
- Last 6 months bank statements
- Existing loan statements, if any
Work out the numbers first
Before you apply anywhere, check what your income supports with the eligibility calculator, and what it will cost with the EMI calculator. Applying blind and being declined leaves a mark on your credit file that the next lender can see.