Latest Answer: You need to approach your loan in following steps: 1. First, you need to check on your credit score. While the score goes up to 900, in normal course a score of 750 is considered to be a good score. In case your score is around 750, then you can apply for the loan. 2. In case it is lower than 750, you would be required to check on the reason for a low score. It could be on account of three reasons - Non payment of dues and EMIs in past/ some error on your credit report/ low or no activity on credit. All these can be worked upon differently. 3. If the score is low on account of low credit activity, you can go ahead and apply for the loans. I am also sharing with a resource that can help you get a free credit bureau report so that you are able to check for yourself:- www.freescoreindia.com