Get a personal loan as a nonresident in the US |
Loans for nonresidents in the US Money Transfers

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

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Moving to a different country can be exciting but exhausting. We simplify the process of getting a loan in the US.

Moving costs, flights and everything else that comes along with it are expensive. Even though you don’t have access to all of the financial benefits that come with being a US citizen or resident, you do have some options if you need a personal loan to settle in, buy a home, pay for your studies and more. This article breaks down your options
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    Personal loans you might be eligible for as a nonresident

    This research is based on public information. It’s up to the provider to decide whether or not you’re eligible based on your unique circumstance.

    Provider Loans offered to nonresidents? Other requirements Product details
    LendingClub Yes, you might meet LendingClub’s eligibility criteria if you are a US citizen, permanent resident, or living in the US on a valid, long-term visa
    • 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
    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

    Can I get a loan as a nonresident?

    The simple answer is yes, you can. Not all lenders will be willing to work with you, however. Most lenders like LendingPoint require a Social Security number to apply, which you needed to apply for during your visa application. Some, like Citizens Bank, only work with US citizens and permanent residents.

    Other lenders, such as Earnest, are willing to work with borrowers who have specific visas, such as the TN, E or O. SoFi also 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. On top of loans, Stilt offers a credit score building services based on bill payments.

    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.

    Are there restrictions for nonresidents?

    Like most options for nonresidents of any country, there are restrictions — including for loans.

    For instance:

    • 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.

    What about my credit history?

    For nonresidents to get a loan, a two-year credit history and valid credit score within the US ideal. That can be a difficult requirement for nonresidents. 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 will need to convert your existing credit into US credit in order to apply for any kind of loan.

    How to get nontraditional credit references

    For many nonresidents, it can be possible to do 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.

    Can I get a personal loan?

    1 US Dollars Money Transfers
    When applying for a personal loan in the US, you’ll quickly realize that they are not designed for nonresidents. The good news is that you are still eligible to apply for some personal loans, including mortgages and auto loans. There will be plenty of paperwork, so your patience is required.

    What do I need to apply for a personal loan?

    If you are a nonresident, required paperwork depends on the type of loan you’re applying for. Loans are only granted to those who plan to continue working in the US for at least three years 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 are authorized to work in the US

    How does a personal loan for a temporary resident work?

    You may want a personal loan to cover expenses for a large project or consolidate some outstanding debt. If approved, you’ll pay the lender back with interest over a set amount of time, usually within several years. For a temporary resident, such as someone on a work visa, extra criteria need to be met 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 do not exceed the amount of time left on your visa. You may also need to meet higher minimum income criteria. One advantage of applying for a loan in America is that your overseas credit history isn’t a factor.

    3 types of personal loans to consider

    As a nonresident, you can apply for three main types of personal loans. They can be used to get you through a financial pinch or build your creditworthiness for bigger loans.

    Type Description Maximum amount
    Short-term loan With repayment terms of a few weeks to months, short-term loans are typically for smaller sums of money. These type of loans can be used for any legitimate purpose. Some let you use your car title as collateral to get a loan, these are called auto title loans. Generally up to $1,000, with some lenders offering as much as $2,250.
    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 can be ideal if you’re trying to improve your credit history. It shows potential creditors that you can make payments responsibly. Generally up to $5,000.
    Unsecured loan Unsecured loans are not backed by other property you own and have fixed terms and interest rates. You can use this loan for consolidating debt or to help with home improvements. Generally up to $100,000, with some lenders offering much more for specific purposes.

    What is a secured loan?

    A secured loan is a loan that 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. With an unsecured loan, the lender believes that you can repay the loan without providing an asset.

    Compare secured vs unsecured personal loans

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    Can I get a student loan as a nonresident?

    Can I get a student loan as a nonresident money transfersWhether it’s MIT, UCLA or Harvard, the opportunity to study in the US can open many doors. But not all foreign students can afford tuition, room and board, books and supplies that college requires. For these students, applying for a student loan is often the best bet. International student loans often cover the total cost of school.

    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 do not require you to have excellent credit, but you are 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:

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

    How can I find the best loan for my needs?

    All loans are not created equal. You’ll need to do your research and compare your options before making a final decision.

    Consider these factors:

    • Loan terms. Shorter loan terms could end up being beneficial. You’ll increase your monthly payments, but you’ll pay a lower amount in overall interest.
    • Monthly payments. Monthly payments with variable interest rates or balloon payments typically have lower monthly payments, but these loans come with other catches. Evaluate what you can afford each month before signing any contract.
    • APR. Don’t ignore the annual percentage rate, which reflects the interest rate, fees and other charges to establish the loan.
    • 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.
    • Balloon payments. A balloon payment is a large payment due at the end of a balloon loan. It means you’ll need to pay any remaining money owed at the end of your loan term. If you are a considering a loan with a balloon payment, you will need to have money on hand when it comes due.

    Compare personal loans now

    Can I get a mortgage as a nonresident?

    How can I pursue financing a new home money transfersAs a nonresident of the US, financing a home loan or mortgage is difficult, but not impossible. How easy it is often 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

    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
    • A credit history
    • Proof of income

    What is a balloon loan?

    A balloon loan is a loan — often a mortgage — that does not fully amortize before the end of its term. This means that while your payments are lower over the life of the loan, you will owe a large payment to pay off the balance at its end. This payment is often more than twice the loan’s average payment, sometimes thousands of dollars. You’ll need to think about whether you will have the cash on hand to pay the balloon payment when it’s due.

    What happens after I get my loan?

    After you’ve completed and submitted the paperwork, you’ll have to wait to receive your money. Some lenders take 48 hours to authorize a loan, but it could take longer.

    It’s now up to you to stay on top of your repayments. Here’s a few ways to do it.

    • 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 skipping even one payment. If you think you won’t be able to make your monthly repayment, contact your lender as soon as possible. Your lender may be willing to explore ways to help.

    Whether you’ve decided to make it your new home or a place to further your studies, the US has a lot to offer nonresidents — including loans to finance your new home, car, tuition or extra cash to ease your transition.

    Getting a loan as a nonresident involves paperwork, documentation and time. But once you’ve followed the process and received your loan, it will be worth it. Stay on top of your monthly payments, and you’ll save both money and your credit history.

    Frequently asked questions

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    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


    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


    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


    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.


    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.


    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,

    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.


    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.


    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 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,

    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.


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