New Delhi, July 23 -- In the nation a high credit score often decides who gets personal loans and at what interest. If you are someone who is new to credit or has no borrowing history, you might find traditional banking institutions and NBFCs keeping their doors closed for lending you funds on easier terms and conditions.

Still, this does not mean that you are completely out of options. There are several different credit financing means that you can choose from and avail personal loans even without a credit score.

Here are five smart alternatives to personal loans for those just starting their credit journey:

Life insurance policies with a surrender value like those from LIC can also be used as collateral for seeking quick personal loa...