How to Get Personal Loans as a Non-U.S. Citizen, Immigrant

Does loan eligibility require U.S. citizenship?

Although a non-U.S. citizen can obtain a personal loan, the prerequisites for doing so are typically stricter than for a U.S. citizen. Because of their temporary status and possible lack of credit history, some financial institutions may see non-citizens as high-risk borrowers. Lenders worry that you will leave the country before you repay a personal loan, as the repayment terms might range from two to seven years. Credit needs to be established slowly for non-citizens, who may start with no history or a poor score.

Non-citizens’ loan application process

A personal loan application is a simple process that may be completed online. The following are some of the more general requirements that you must fulfill to be considered:

To participate, you must be at least 18 years old.
Please present a valid government-issued photo ID as confirmation of identity.
Give an address in the United States.
Provide a way for others to reach you, such as a phone number and email address.
Produce evidence of your financial and employment stability.

Loans for individuals who are not US citizens

See below for loan providers willing to work with foreign nationals, whether they be citizens, permanent residents, or visa holders. Depending on the circumstances, you may be asked to give proof of your current immigration status, such as a copy of your green card or visa. If you want to know more, you can learn about criminal defense attorney in Orlando.

SoFi

To encourage responsible lending, SoFi provides fee-free personal loans to qualified applicants. Borrowers can apply for a loan with SoFi with or without a co-signer.

An opening credit score of 680 is required.

There is a loan range from $5,000 to $100,000.

Two- to seven-year terms are on the table.

Non-permanent residents, such as DACA participants and asylum seekers, are also welcome to apply. This includes those with an E-2, E-3, H-1B, J-1, L-1, or O-1 visa.

Marcus

Borrowers with excellent credit scores can apply for a personal loan from Marcus at no interest. However, Marcus will take an ITIN in place of a Social Security number.

A score of 660 or higher is required.

The available loan amounts range from $3,500 to $40,000.

Available terms range from 3 to 6 years (includes nine repayment options total).

Essential Qualifications: Permanent U.S. residents alone need apply.

LendingClub

Borrowers with good credit can get personal loans from LendingClub. This option may be ideal for you if you’re looking for a personal loan to help you consolidate or pay off debt.

Advisable minimal credit score: 600.

We offer loans from $1,000 to $40,000.

Available in either a 3 or 5-year term.

Standards for Eligibility: Those interested must either be legal permanent residents of the United States or possess appropriate visa status.

Upgrade

Those with less-than-perfect credit are welcome to apply for a loan from Upgrade. Customers who upgrade can sign up for free credit score monitoring and helpful credit-building advice.

A credit score of 560 is the bare minimum required.

Borrow between $1,000 and $50,000.

Two- to seven-year terms are on the table.

A permanent U.S. resident or a visa holder is required for consideration.

Universal Credit

Universal Credit evolved from Upgrade, and it may be easier for customers with low credit ratings to be approved there.

A score of 560 or more is considered adequate.

Borrow between $1,000 and $50,000.

A range of three to five years is provided.

To apply, you must be either a permanent U.S. resident or a visa holder.

Oportun

Borrowers with low to moderate incomes and little to no credit history can apply for a personal loan through Oportun. ITINs and foreign IDs are valid forms of identification at Oportun.

There is no required credit score minimum.

Borrow between $300 and $10,000.

Available payment durations range from 12 to 51 weeks.

Standards for Eligibility: A customer service agent claims that applicants do not need to provide evidence of citizenship or legal presence in the country.

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