Get a personal loan as a nonresident in the US | finder.com
three people wearing whinter clothes dragging their bags

How to get a loan as a nonresident in the United States

We value our editorial independence, basing our comparison results, content and reviews on objective analysis without bias. But we may receive compensation when you click links on our site. Learn more about how we make money from our partners.

Compare loans nonresidents can qualify for and learn what to expect when you apply.

Qualifying for a loan as a nonresident is no walk in the park. You have to fill out multiple forms and give your lender all sorts of documents to prove your residence, income and employment. However, when you need money to pay for school or cover a large expense, you have options. Take some time to compare each loan type available to nonresidents living in the United States.

LendingClub Personal Loan

LendingClub Personal Loan
  • No prepayment penalties
  • Flexible loan terms
  • Fast and easy application

LendingClub Personal Loan

A peer-to-peer lender offering fair rates based on your credit score.

  • Minimum loan amount: $1,000
  • Maximum loan amount: $40,000
  • Turnaround time: As few as 3 days
  • Loan term: 3 to 5 years
  • US citizen or permanent resident, verifiable bank account, steady source of income, ages 18+.
Go to site
Promoted

Personal loans you might be eligible for as a nonresident

This research is based on public information. When you apply, the provider will decide if you’re eligible based on your unique circumstances.

Provider Loans offered to nonresidents? Other requirements Product details
LendingClub Yes, you might qualify if you live in the US on a valid, long-term visa and meet LendingClub’s other eligibility criteria
  • At least 18 years old
  • The holder of a verifiable bank account
  • Loan amounts: $1,000 to $40,000
  • Loan term: 3 to 5 years
Stilt Yes, you might be eligible for a Stilt personal loan if you hold one of the following visas: F-1 and OPT, H-1B, O-1, L-1, TN, J-1, or DACA
  • Be employed
  • Have a US bank account
  • Live in one of the following states: AZ, IL, FL, TX, PA, CA, MI, WA, GA, NY, NJ, WI or UT
  • Loan amounts: $1,000 to $25,000
  • Loan terms: Up to 2 years
Boro Yes, Boro offers personal loans to international college students on F-1, OPT, H-1B, J-1, L or O-1 visas. Enrolled in a US school, be a US resident or have an applicable visa; 2.0+ GPA or 3.0+ for graduate students, live in an eligible state.
  • Loan amounts: $1,000 to $3,000
  • Loan terms: 1 to 3 years
SoFi Yes, SoFi offers loans to nonresidents holding a J-1, H-1B, E-2, O-1, or TN visa with at least two years remaining, unless you’ve applied for renewal or for permanent resident status. Permanent residents must also have at least two years left on their visa
  • At least 18 years old
  • Good to excellent credit
  • Valid bank account
  • Must not live in Mississippi
  • Loan amounts: $5,000 to $100,000
  • Loan term: 3 to 7 years
LendingPoint Yes, you might meet LendingPoint’s eligibility criteria if you can provide US federal, state or local government issued photo ID
  • 18 or older
  • Valid SSN
  • Minimum annual income of $20,000
  • Verifiable personal bank account
  • Live in a state where LendingPoint operates
  • Loan amounts: $2,000 to $25,000
  • Loan terms: 2 to 4 years
Earnest Yes, Earnest offers personal loans to permanent residents with a 10-year green card, conditional permanent residents with a 2-year green card and nonresidents with a TN, E or O visa
  • 18 or older
  • Proof of regular income
  • Must not live in AL, DE, KY, NV or RI
  • Loan amounts: $5,000 to $75,000
  • Loan terms: 3–5 years
Bank of America Yes, you might be eligible for a BofA auto loan if you live in the US as a US citizen, resident alien or non-resident alien
  • At least 18 years old
  • Vehicles must be: less than 10 years old, have less than 125,000 miles, value of $6,000+, be for personal use
  • Loan amounts: minimum $5,000
  • Loan terms: 1 to 5 years
TD Bank Yes, you might be eligible for a TD personal loan if you can provide a valid SSN, proof of employment, and a residential address within TD footprint
  • Be at least 18 years old
  • Credit score of 680+
  • Live in a state where TD Bank offers loans
  • Loan amounts: $2,000 to $50,000
  • Loan terms: 1 to 5 years

How do loans for nonresidents work?

For lawful permanent and nonpermanent residents, applying for a loan is the same process as for citizens. There are no higher costs or fees, though interest rates may vary.

However, the process depends on the lender and type of loan you choose. Generally, nonresidents need to submit documents proving you’re in the US legally and might have to apply with a cosigner if you don’t already have a credit score.

General requirements

If your lender offers loans to nonresidents, you typically need to have:

  • A Social Security number or individual taxpayer identification number (ITIN). Most lenders like LendingPoint require one of these numbers or to apply, which you should have after completing a visa application.
  • An eligible visa. Lenders like Earnest are willing to work with nonresidents on specific visas, such as the TN, E or O. SoFi allows borrowers with a J-1 or H1-B visa to qualify. There are even lenders like Stilt that specifically offer financing for noncitizens on work or student visas, including DACA recipients.

Remember: Not all lenders are willing to work with nonresidents — even with a cosigner.

Are there restrictions for nonresidents?

Even when you find a lender that works with nonresidents, you may face some restrictions. As a nonresident, you might run into the following roadblocks:

  • If you don’t have a consistent credit history. You may be required to apply with a cosigner
  • If you’re a nonresident who will be in the US for a limited time, approval for a loan may be hard
  • If you’re a foreign national or have diplomatic immunity, you may have difficulty getting a mortgage because lenders are unprotected if you default

What about my credit history?

A two-year credit history and valid credit score within the US ideal, but it can be a difficult requirement for nonresidents to meet. Depending on the lender, there are ways you can still get a loan.

  • Assemble a credit report with three nontraditional credit accounts — for example, a rental, utility or life insurance bill
  • Obtain your credit history from a foreign independent credit reporting agency
  • Get written verification from foreign creditors to establish a credit history

Getting your paperwork together is only the first step in getting a loan. If you are emigrating from your home country to the US, you need to convert your existing credit into US credit in order to apply for any kind of loan.

On top of loans, Stilt offers a credit score building services based on bill payments.

How to get nontraditional credit references

For many nonresidents, it may be possible to get a nontraditional credit check. This could help you get a loan without a credit score. You will need sufficient nontraditional credit references, and your credit accounts must be free of late payments, collections or foreclosure. Nontraditional credit references can include:

  • Your rental history
  • A history of payments for such utility bills as gas, electric, water or cable TV
  • Non-payroll-deducted medical, life, auto or renters insurance
  • School tuition

You should gather at least three nontraditional credit references, each showing 12 months of on-time payments, to submit with your loan application.

Personal loans for nonresidents

1 US Dollars Money Transfers
When applying for a personal loan in the US, you’ll quickly realize that they aren’t designed for nonresidents. But there’s good news: you’re still eligible to apply for some personal loans, including car loans. Just be prepared for plenty of paperwork.

How does a personal loan for a nonresident work?

A personal loan for nonresidents is similar to a personal loan for residents: If approved, you can use the money you receive to cover almost any expense. You pay back the principal amount — the money you borrowed — plus interest over three to seven years.

For a temporary resident, like someone on a work visa, you may need to meet extra criteria in order to qualify. Most lenders will need the details of your visa before you’re approved to ensure that the terms of the personal loan don’t exceed the amount of time left on your visa. You may also need to meet higher minimum income criteria.

What do I need to apply for a personal loan?

The paperwork required to fill out your loan depends on the type of loan you’re applying for and the lender you’re applying with. In general, loans are only granted to people who plan to continue working in the US for at least three years or the through the duration of the loan.

If you’re applying for a traditional loan, you’ll need:

  • A valid visa — E1, E2, H1B, H2 A, H2B, H3, L1, G series or 0-1
  • Employment authorization Form I-766 or I-765 to prove that you are eligible to work in the US
  • Form I-797A with an attached I-94 or any other documentation that can prove you’re authorized to work in the US

4 types of personal loans to consider

As a nonresident, you can apply for four main types of personal loans. They can be used to get you through a financial pinch or to build your credit for larger loans, especially if you plan on staying in the US for a long period of time.

Type Description Maximum amount
Unsecured personal loan An unsecured personal loan isn’t backed by any collateral and can be used for almost any purpose. And while your interest rate will likely be fixed over the life of your loan, you may have to pay a higher interest rate than with a secured personal loan. Up to $100,000
Secured personal loan A secured personal loan requires you to provide an asset as a guarantee — like your car or home. It protects the lender by allowing it to repossess and sell your asset to recoup its losses if you default on the loan. Because of this, it generally has lower interest rates than other types of personal loans. Up to $100,000
Payday loan With repayment terms of two to four weeks, payday loans are typically for smaller sums of money. However, because they’re meant for borrowers with bad credit or a limited credit history, interest rates can be quite high — sometimes more than 300%. Up to $1,000
Installment loan With a set number of payments over a scheduled period of time, installment loans can last for a few months or more. An installment loan is usually as expensive as a payday loan, but you’ll have more time to pay it back. Best of all, some lenders even report your on-time payments so you can build your credit. Up to $5,000

Compare personal loans now

Back to top

Student loans for nonresidents

Can I get a student loan as a nonresident money transfers
Whether it’s MIT, UCLA or Harvard, the opportunity to study in the US can open many doors. But if you can’t afford the cost of attending college in the US, an international student loan may be able to help.

Do I still need a credit history as an international student?

As an international student, you likely haven’t built up a credit history in the US. Lenders don’t require you to have excellent credit, but you might be required to have a US cosigner. Your cosigner will legally sign loan papers in order to help you to obtain a loan.

Because cosigners are jointly and legally responsible for repaying the loan, they must have

  • Good to excellent credit
  • Proof of US citizenship or lawful permanent residency
  • Proof of income
  • Proof they’ve lived in the US for two years or more

Don't have a cosigner? You still have options

Some lenders like Mpower and Prodigy specialize in student loans for international students. Rather than looking at your credit score and current income, these lenders consider your academic record and how much you might earn in the future.

How can I find the best student loan for my needs?

Not all loans aren’t created equal. You’ll need to do your research and compare your options before making a final decision. These factors will usually play the biggest role when you make your final loan decision.

  • Interest rate. One of the most important factors to consider is the interest rate. It’s not always easy to compare them, but a loan with a low interest rate may be a bad value if its fees are too high. Likewise, a loan with a high rate and low fees could be an exceptional value.
  • APR. Don’t ignore the loan’s annual percentage rate (APR), which reflects the interest rate, fees and other charges to establish the loan. This is often the most useful tool when comparing loans.
  • Loan term. While a longer loan term decreases your payment month-to-month, it does increase the amount you pay in interest over the life of your loan. A shorter term decreases the amount of interest but ups your monthly payments.
  • Monthly payment. Loans with variable interest rates or balloon payments typically have lower monthly payments, but these often come with other costs. A fixed-interest loan is much more common and allows you to budget your monthly payments without stress.

Compare student loans

Mortgages for nonresidents

How can I pursue financing a new home money transfers
Financing a home loan or mortgage as a nonresident is difficult, but not impossible. The ease of application usually depends on your residency status. Generally, you can apply for a home loan if you are a

  • Permanent resident with a valid green card (Form I-551)
  • Nonpermanent resident with a valid work visa

Otherwise, you may run into trouble finding a lender that will be willing to finance a loan for such a long term and large amount.

What do I need to apply for a mortgage?

Lenders typically ask to see the following documents from noncitizen applicants:

  • A valid work visa — E1, E2, H1B, H2A, H2B, H3, L1 or G1–G4 visas
  • A valid Social Security number
  • Employment authorization documentation
  • Proof of employment history and income
  • A multiyear credit history

What is a balloon loan?

A balloon loan is a loan — often a mortgage — that doesn’t fully amortize before the end of its term. This means that while your payments are lower over the life of the loan, you’ll have to make a single large payment at the end of the loan.

This payment is often more than twice the loan’s average payment, sometimes even thousands of dollars. Before taking out a loan with a final balloon payment, you need to think about whether you’ll have the cash on hand to pay the final balloon payment when it’s due.

What happens after I get my loan?

After you’ve completed your loan application and submitted all the necessary paperwork, your lender may take a few days to a few weeks to process your loan. If approved, your funds may be available as soon as the next day, but it usually takes longer.

You can stay on top of payments by following these tips

  • Create a budget. A budget can help you both save for monthly payments and remind you not to overspend.
  • Enroll for automatic payments. With autopay, recurring payments are deducted from your bank account and electronically sent to your lender. It’s the easiest way for you to pay off your loan while avoiding late fees.
  • Avoid missing payments. If you think you won’t be able to make your monthly payment, contact your lender as soon as possible. It may be willing to explore ways to help.

Bottom line

Getting a loan as a nonresident involves a lot of paperwork and time. But when you’re in need of money — no matter what it’s for — there are options out there for you.

Be prepared to compare a multitude of options and search hard to find the best deal. And once all is said and done, you’ll be well on your way to getting the funds you need to settle in, whether that’s for a few years or a lifetime.

Frequently asked questions

  • Yes, many lenders accept ITIN numbers instead of Social Security numbers. However, you’ll likely have trouble getting a loan without a Social Security number or ITIN.

Was this content helpful to you? No  Yes

US Personal Loans Offers

Important Information*
Credible Personal Loans

Get personalized rates in minutes and then choose a loan offer from several top online lenders.

Even Financial Personal Loans

Get connected to competitive loan offers instantly from top online consumer lenders.

LendingClub Personal Loan

A peer-to-peer lender offering fair rates based on your credit score.

SoFi Personal Loan Fixed Rate (with Autopay)

No fees. Multiple member perks such as community events and career coaching.

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.

20 Responses

  1. Default Gravatar
    MarcioApril 24, 2018

    Please I need an installment loan of about $15,000, please I need a direct contact, I’m a non citizen but I reside is here in Boston & I got a reputable job in the States, I work with construction company, I live in Boston, my name is Marcio, drop a contact I can call for aid.

    • Default Gravatar
      ArnoldApril 24, 2018

      Hi Marcio,

      Thanks for your inquiry

      It looks like you’re already on the right page for comparing options non-resident loans in the US. Even though you don’t have access to all of the financial benefits that come with being a US citizen or resident, you are able to get a loan for personal use, for business use, to buy a home and to pay for your studies. Though it may be more challenging for nonresidents, there’s no reason for you to give up on the American dream.

      Please go through the options above and compare them to find the right one for you. Once you have chosen one, you can click the ‘ Go to site ‘ button to proceed with the application. Please make sure you read and meet the eligibility requirements before you apply.

      Hope this information helps

      Cheers,
      Arnold

  2. Default Gravatar
    JorgeJanuary 11, 2018

    I need a Personal Loan $10,000 24 months.
    No ssn just ITIN.

    • Default Gravatar
      ArnoldJanuary 12, 2018

      Hi Jorge,

      Thanks for your inquiry

      It may be challenging to apply for a loan without an SSN. There may be lenders that will consider you for a loan if you can provide the other requirements and meet the eligibility criteria shown on the page above. It would be best to contact these lenders directly in order for your situation to be taken into account.

      Hope this information helps

      Cheers,
      Arnold

  3. Default Gravatar
    NurlanNovember 7, 2017

    As an international student in USA who doesn’t have green card what is the maximum amount $ can I borrow from and from where,to start my own business?Can I take at leat $100 000 ?

    • Default Gravatar
      ArnoldNovember 8, 2017

      Hi Nurlan,

      Thanks for your inquiry

      It may be hard to apply for a $100,000 loan as a non-resident. Eligibility requirements will vary depending on your lender and loan type and mostly they require you to be a resident. The page above shows you your loan options as a non-resident. Please check it out

      Hope this information helps

      Cheers,
      Arnold

  4. Default Gravatar
    ClaudelOctober 23, 2017

    Can I get a personal loan as a temporary protected status. I have a work permit.

    • finder Customer Care
      HaroldOctober 23, 2017Staff

      Hi Claudel,

      Thank you for your inquiry.

      These are some challenges you may experience when you apply for a loan if you are non resident in the U.S.
      – If you are a nonresident who will be in the US for a limited time, approval for a loan may be hard.
      – If you are a foreign national or have diplomatic immunity, it’s much more difficult to get a mortgage because you are not subject to US law. This leaves lenders unprotected should you default on the loan.

      You are still eligible to apply for some personal loans, including mortgages and auto loans. But there will be plenty of paperwork, so your patience is required. Please check your options from the information we provided above.

      I hope this information has helped.

      Cheers,
      Harold

  5. Default Gravatar
    LisaOctober 10, 2017

    I am a US citizen. I work for the Army as a Civilian/Federal Employee in Germany. Can I apply/receive a loan?

    • Default Gravatar
      JonathanOctober 10, 2017

      Hello Lisa,

      Thank you for your inquiry.

      Under normal circumstances, a personal loan can only be obtained if you’re physically located in the US where lending regulations are applicable. However, there are exemptions in place for those who are in active duty.

      Some lenders have online application and e-signature procedure where you can complete it anywhere. Also, there are some who have stationed personnel outside who can do it for you.

      Hope this helps.

      Cheers,
      Jonathan

  6. Default Gravatar
    Ft1pOctober 5, 2017

    Hello.Could you tell me do I have chance for loan?I'm searching about that information but still I can't find.I'm working for Princess Cruise Line two years. And I'm start new contract one month ago .And I have serbian passport with C1/D vissa on the three years.Do you know maybe where I could apply for loan with serbian passport?because I'm working for American company maybe I have chance.I'm not sure :) Thank you

    • Default Gravatar
      LiezlOctober 6, 2017

      Hi Ft1p,

      Thanks for reaching out.

      I’m afraid a crewmember visa is not among the non-resident visas mentioned above generally considered by lenders for a loan application. This is because C-1/D visa holders don’t stay in the country all that long or don’t live in the U.S. most of the time. Borrowers on transit can mean higher risk to the lenders. However, you may want to contact a lender directly and verify your eligibility.

      I hope this helps.

      Kind regards,
      Liezl

  7. Default Gravatar
    CindyOctober 2, 2017

    I will be moving to Dallas this year to work for myself, how can I apply for a non resident personal loan to assist me with my moving expenses? If this is not a possibility does anyone know of private individuals that assist in these cases?

    • Default Gravatar
      JonathanOctober 3, 2017

      Hello Cindy,

      Thank you for your inquiry.

      You can check available personal loans by going to our table located below “Compare personal loans from top online lenders”. Please answer your credit score range and state of residence to have the list updated with relevant lenders. Alternatively, you may also consult a broker for a more comprehensive suggestion.

      It is worth mentioning that requirements such as visa and employment docs should be available upon request of your lender but additional paperworks may be needed.

      Hope this helps.

      Cheers,
      Jonathan

  8. Default Gravatar
    SeekerOctober 2, 2017

    your website advertises that prosper and alike can issue personal loan to person with excellent credit and longer stay. However under the same section in eligibility criteria it says , loan is offered to residents only. This is somewhat confusing. Will it be possible to have the criteria from the lender who advertise here to make it very explicit on the min requirements? It will just help save time and effort on both parts :)

    • finder Customer Care
      MariaOctober 3, 2017Staff

      Hi Seeker,

      Thank you for reaching out to us.

      The table showing the lenders you mentioned are under “Compare personal loans from top online lenders”.

      You may be looking for the types of personal loans you can apply for as a non-resident which is found in the lower part of the page:
      Short-term loans
      Installment loans
      Unsecured loans

      I hope this helps.

      Best,
      Maria

  9. Default Gravatar
    AraAugust 24, 2017

    I have a ssn and a work permit but I’m not a permanent resident of United States, I need around 200k to go to school for dentistry. Some people are telling me non- resident loans can go that high, am I going to be able to find a loan that can cover my studies in a good school? I have a good co-signer and a great profile to go to school with a good gpa

    • Default Gravatar
      LiezlAugust 25, 2017

      Hi Ara,

      Thanks for reaching out. Please note that finder.com is an online comparison and information service and is not a position to assess your eligibility for a loan.

      You may compare your student loan options on this page and should you want to discuss your eligibility, please get in touch with lender directly.

      Kind regards,
      Liezl

  10. Default Gravatar
    BhagyaJune 19, 2017

    Although this website says the listed lenders offer loans for non-residents, when I go to their websites and check it always says to be eligible you need to be either a US citizen or a permanent resident. I have a 2 years+ credit history and good credit score and I keep receiving promotions from lenders like upstart and prosper but when I apply they just reject me in the end. It’s so stressful having no option to recover financially when you are living in the US as a non-resident.

    • finder Customer Care
      AnndyJuly 13, 2017Staff

      Hi Bhagya,

      Thanks for bringing this to our attention.

      There are lenders that offer personal loans to non-residents as long as you are on a valid, long-term visa. Additional criteria need to be met such as having a Social Security number (SSN), US address, a good credit score and meet minimum income requirements. The requirements for these may be stricter than what’s placed on borrowers who are US citizens or permanent residents.

      I hope you are able to find a lender for your borrowing needs.

      Cheers,
      Anndy

US Personal Loans Offers

Important Information*
Credible Personal Loans

Get personalized rates in minutes and then choose a loan offer from several top online lenders.

Even Financial Personal Loans

Get connected to competitive loan offers instantly from top online consumer lenders.

LendingClub Personal Loan

A peer-to-peer lender offering fair rates based on your credit score.

SoFi Personal Loan Fixed Rate (with Autopay)

No fees. Multiple member perks such as community events and career coaching.

Go to site