Home Loan Without Credit Score – How to Apply Even with No Credit History

For many Indians, the dream of owning a home is built on years of effort. But when it's time to apply for a Home Loan, a common question comes up: What if you don't have a credit score? 

Prospective homebuyers may not have used a credit card or borrowed funds through a bank or other institution that reports how they pay back loans to credit bureaus. Because of this, they might not get a CIBIL score. And naturally, that leads to another question: Can you still apply for a Home Loan if you don't have a credit score? 

The answer is yes. Even though lenders use credit history to assess how likely one is to repay the loan, not having a credit history doesn't mean that the person's financial profile is weak. It could just mean that the borrower is getting credit for the first time in a formal way.  

In these situations, financial options like Bajaj Housing Finance's Sambhav Home Loans become important. Eligibility for Sambhav Home Loans is assessed based on a holistic assessment, rather than just their credit history.  

What Does ‘No Credit History’ Actually Mean?

‘No credit history’ simply means that a person has never used formal credit before. In these situations, credit bureaus don't have much or any information about borrowing, so there is no credit history. 

You may fall into this category if you: 

• Have never used a credit card before 
• Have never availed of a loan 
• Have not borrowed from institutions that provide repayment information to credit bureaus 

How to Avail of a Home Loan Without a CIBIL Score? 

A CIBIL score is an important part of the Home Loan process because it shows lenders how well an applicant has handled credit in the past and how well they repay loans. It is a quick way to check someone's creditworthiness.  

But just because a borrower doesn't have a credit score doesn't mean they can't avail of a Home Loan. In these situations, Sambhav Home Loans from Bajaj Housing Finance offer a structured alternative by looking at applicants' income patterns, household financial strength, and overall ability to repay the loan. Sambhav Home Loans cater to salaried as well as self-employed applicants, including first-time homebuyers, such as:  

• Cash-salaried employees 
• Street vendors and local service providers 
• Small shop owners and micro-entrepreneurs 
• Individuals working in informal or semi-formal employment structures 
• Families that rely on combined income rather than individual credit usage 

Availing of a Home Loan for the First Time with No Credit History

When you apply for a Home Loan for the first time and don't have any credit history, lenders may look at other factors to assess your creditworthiness. These could be: 

• Income stability and monthly cash flow 
• Household income contribution 
• Existing financial obligations 
• Property profile and legal clarity 
• Overall repayment capacity 

How Sambhav Home Loans Supports Applicants Without Credit History

Sambhav Home Loans are designed for individuals who may not have regularly filed ITRs or supportive income documents.  It caters to borrowers such as street vendors, small shop owners, micro-entrepreneurs, and cash-salaried employees—many of whom may not have a credit score.  

• Assessed income-based eligibility, without restricting the evaluation to salary slips or consistent ITR filings 
• Acceptance of cash salary, recognising income earned outside formal payroll structures 
• Eligibility even with irregularly filed or no ITR, subject to internal assessment 
• Higher eligibility through combined family income, including assessed cash income 

This makes Sambhav Home Loans a practical option for individuals exploring a Home Loan without a credit score, provided the borrower meets internal eligibility criteria.  

How to avail of a Sambhav Home Loan Without Credit – Practical Steps That Help

If you are wondering how to avail of a Sambhav Home Loan without credit, here are a few practical steps that can strengthen your application: 

• Even if income is cash-based, regular bank deposits, transactions, and consistent financial behaviour can help with the assessment. 
• A Home Loan is tied to the property that is being bought. Making sure the property papers are legally sound can speed up the verification process. 
• Apply with a co-applicant.  
• If you and your spouse or family member share your household income, adding them as a co-applicant may make you more likely to qualify. 

Also Read: Building Credit Score With No Credit History 

Documents Typically Required for Sambhav Home Loans

Applicants applying for Sambhav Home Loans generally need to submit the following documents (indicative list): 

Mandatory Documents

• PAN Card or Form 60 (Form 60 may be submitted if PAN is unavailable) 

KYC Documents

• Recent photograph 
• Valid address proof 
• Aadhaar Card or Driving Licence 

Property-Related Documents

• Title deed 
• Allotment letter 
• Property tax receipts 

Self-employed applicants may also need to provide proof of business vintage. 

A missing credit score does not mean homeownership is out of reach. Many applicants don't have a credit history because they've never borrowed funds before. In these situations, lenders may use different ways to check creditworthiness and repayment capacity. 

If you want to get a Home loan without a credit history, Bajaj Housing Finance's Sambhav Home Loans offer a structured way to look at your income patterns and overall eligibility.