Want a loan? Here's how your phone data, utility bills can make it easier

New customers or existing ones seeking better credit scores can go through this process

A good credit score can help you get a loan easily. But what if you don’t have a credit score? The bank may look at your mobile connection - whether it is post-paid or pre-paid. Or whether you pay your utility bills regularly. Of if you are speaking to the same set of persons on a regular basis. These are some additional metrics that lenders today are looking at, in the absence of a traditional credit score. 

According to Mayank Kachhwaha, co-founder of India Lends, a fintech company, a large number of first-time borrowers who apply for loans get rejected.