Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our opinions or reviews. Learn how we make money.

Stilt personal loans for nonresidents review

Last updated:  

No green card? You could still qualify for a personal loan.

  • Best for nonresident workers and new immigrants.
  • Pick something else if you don't live in one of the 16 states it lends in.

$25,000

Max. Loan Amount

7.99% to 15.99%

APR

Not required

Min. Credit Score

Details

Product NameStilt Personal Loans
Min. Loan Amount$1,000
Max. Loan Amount$25,000
APR7.99% to 15.99%
Interest Rate TypeFixed
Min. Credit ScoreNot required
Loan Term6 months to 3 years
Turnaround Time2 to 3 business days
Check my rate

Expert review

Anna Serio

Review by


Anna Serio is a trusted loans expert who's published more than 800 articles on Finder to help Americans strengthen their financial literacy. A former editor of a newspaper in Beirut, Anna writes about personal, student, business and car loans. Today, digital publications like CNBC, Business Insider and The Simple Dollar feature her professional commentary, and she earned an Expert Contributor in Finance badge from review site Best Company in 2020.

Expert review

Stilt personal loans are designed with nonresident workers and new immigrants in mind. You don’t need a green card or a Social Security number to apply. Instead, it relies on aspects of your personal financial history other than your credit rating when underwriting your loan. Rates are capped at 15.99%, which is relatively low compared to other lenders that offer loans with APRs as high as 36%.

But it only works with residents of 16 states. And you need to have a job and US bank account to qualify. Another downside? Its terms are capped at three years, which could make for high repayments if you take out a large loan.

Not sure Stilt is right for you? Compare other lenders below.

First, am I eligible?

To be eligible for a Stilt personal loan, you must meet the following criteria:

  • Employed
  • US bank account holder
  • Live in an eligible state
  • Hold one of the following visas:
    • F-1 and OPT: Student visa for full-time students that are allowed to temporarily work in the US.
    • H-1B: Specialty worker visa.
    • H-4: Visa for family members of an H-1B Visa holder
    • O-1: Individuals with extraordinary ability or achievement work visa.
    • L-1: Intracompany transferee work visa.
    • TN: NAFTA professional visa.
    • J-1: Exchange visitor visa for work- or study-exchange program participants.
    • DACA: Visa for undocumented immigrants who entered the country as a minor.

What states does Stilt lend in?

Stilt personal loans are available in the following states:

  • Arizona
  • California
  • Florida
  • Georgia
  • Illinois
  • Massachusetts
  • Michigan
  • New Jersey
  • New York
  • Ohio
  • Pennsylvania
  • Texas
  • Utah
  • Virginia
  • Washington
  • Wisconsin

Pros

  • No green card necessary
  • No credit score required
  • Excellent customer service

Cons

  • Limited availability
  • Can’t apply with a cosigner
  • Maximum term of just three years

Compare personal loans from top online lenders

Data indicated here is updated regularly
Name Product Filter Values APR Min. Credit Score Max. Loan Amount
Credible Personal Loans
4.99% to 35.99%
Fair to excellent credit
$100,000
Get personalized rates in minutes and then choose an offer from a selection of top online lenders.
SoFi personal loans
5.99% to 16.19%
680
$100,000
A highly-rated lender with competitive rates, high loan amounts and no fees.
LendingTree Personal Loans
Starting from 3.99%
Good to excellent credit
$50,000
Receive up to five loan offers in just minutes through LendingTree's simple online form.
LightStream
Varies
Good to excellent credit
$100,000
Borrow up to $100,000 with low rates and no fees.
Fiona personal loans
4.99% to 35.99%
Good
$100,000
Get loan offers from multiple lenders at once without affecting your credit score.
loading

Compare up to 4 providers

What do customers have to say about Stilt personal loans?

BBB accreditedNo
BBB ratingA+
BBB customer reviews1 out of 5 stars, based on 1 customer reviews
Trustpilot score4.6 out of 5 stars, based on 34 customer reviews
Customer reviews verified as of24 December 2019

For the most part, customers seem happy with Stilt’s low rates, quick funding — in just two to three days — and easy application. Others highlight Stilt’s helpful customer service representatives and transparent terms.

How do I apply?

You can apply for a Stilt personal loan online. Follow these steps to get started:
  1. Go to Stilt’s website and fill out the required fields before clicking Get Started.
  2. If you meet Stilt’s basic eligibility requirements, a representative will contact you and invite you to apply.
  3. Once you submit your application, Stilt does a soft credit pull (if you have a Social Security number) or goes over your finances, then gets in touch for a quick verification call to make sure your information is correct.
  4. If you’re approved, Stilt will send you an offer. Carefully read your loan terms and conditions before signing. Stilt will then do a hard credit inquiry, which may affect your credit score.
  5. Your funds will be disbursed to your bank account.

What documents do I need to apply?

All non-US citizens or permanent residents must be prepared to provide:

  • Copy of your passport
  • Copy of your visa
  • I-20 documents — if you’re a student

How to apply step-by-step with screenshots

What happens after I apply?

After you submit your application, you should hear back from a loan specialist in 24 hours with next steps. You might be asked to provide recent bank statements and other documentation, depending on your application.

If you don’t have much of a US credit history, Stilt might ask to connect to your bank account so it can access information about your past transactions. This gives its underwriting team another way to evaluate your past financial habits and could help you qualify for a larger loan amount or more competitive rates.

If approved, you should receive your funds in your bank account two to three business days after signing your loan documents.

How does Stilt evaluate applications if it doesn’t check credit?

Since having a credit score isn’t a requirement — you need a Social Security number for that — Stilt might consider the following when determining your rates:

  • Education and work experience. Stilt looks at your work history, level of education and your GPA if you’re still in school.
  • Financial behavior. Similar to a credit check, Stilt looks at your debit and credit accounts to see how you handle your personal finances.
  • Derogatory fees. If you have any late fees, overdraft or nonsufficient funds fees regularly taken out of any of your bank accounts, it could hurt your application.
  • Defaults, collections or bankruptcies. If you’ve defaulted on a large debt, it could have a negative effect on your application.
  • Accuracy of application. Make sure to reread your application a few times before submitting it. It could hurt you if its underwriters find inaccuracies.

How do repayments work with Stilt?

Stilt’s personal loans come with monthly repayments with terms up to three years. You have a few ways to make repayments, including by check, bank transfer or online. Stilt doesn’t have an autopay option, but once you set up your bank account for online payment, making additional payments is relatively painless. You can even set up payments for a future date.

Since Stilt doesn’t have any prepayment penalties, try repaying your loan as quickly as possible to save on interest. If you notice anything wrong with your account or have any questions, contact customer service as soon as possible.

What other types of loans does Stilt offer?

Stilt, a San Francisco-based fintech company, provides a variety of unsecured loans and other services to nonresidents legally working in 16 US states:

  • Student loan refinancing. Students on an F-1 visa about to graduate with a job offer can apply to refinance their student loans, even if they originated in another country.
  • Student loans. Stilt offers private loans to students on F-1 and OPT visas who are working part-time, though it isn’t advertised on its website yet. The customer service representative we spoke with told us Stilt was still working out some of its features.
  • Credit-building tool. This free service isn’t a loan, but it can help you build credit. Just sign up, register some of your monthly bills with Stilt and provide your bank account information. Stilt takes care of paying your bills by withdrawing the money from your account and reporting the payment to credit bureaus.

Explore other borrowing options as a nonresident and compare your options.

Frequently asked questions

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 only provides general advice and factual information, so consider your own circumstances, or seek advice before you decide to act on our content. By submitting a question, you're accepting our finder.com Terms of Use and Privacy and Cookies Policy.

6 Comments

  1. Default Gravatar
    Jsy
    July 16, 2018

    If if I get rejected with stilt when can u reapply?

    • Default Gravatar
      joelmarcelo
      July 17, 2018

      Hi Jsy,

      Thanks for leaving a question on finder.

      If you get rejected by Stilt, you’re going to know why — the company sends you a letter detailing why it denied you a loan. You can still reapply after a while but make sure you have resolved the reasons you were rejected before to get approved. You can always compare from our list of personal loan providers by clicking HERE so you can weigh your options.

      Cheers,
      Joel

  2. Default Gravatar
    Nathan
    April 1, 2018

    Working visa…C1 D…working cruise ship..can we avail loan?

    • Avatarfinder Customer Care
      Joshua
      April 1, 2018

      Hi Nathan,

      Thanks for getting in touch with finder.

      If you wish to apply for a loan, you may do so even if you are on a working visa. We have a guide that helps you know more about how to get a loan as a nonresident in the United States. On that page, you will see a table that allows you to conveniently compare your options. Once you find the right one for you, click on the “Go to site” green button to learn more or initiate your application.

      I hope this helps. Should you have further questions, please don’t hesitate to reach us out again.

      Have a wonderful day!

      Cheers,
      Joshua

  3. Default Gravatar
    Sara
    March 20, 2018

    Why do they ask for username and password for bank account? and ask for a verification code too.

    • Avatarfinder Customer Care
      Anna
      March 21, 2018

      Hi Sara,

      Thanks for your comment! Stilt might ask you for information that allows it connect to your bank account if you’re not a US citizen and have limited credit history. It uses this information to access read-only bank statements to get a better idea of your financial behavior. Allowing it to connect with your bank could potentially help you qualify for a larger loan and more competitive rates if you don’t have a strong credit history.

      This shouldn’t involve sharing your username and password, however, and it doesn’t give Stilt permission to withdraw funds from your account or make any other changes.

      If you think you’ve been asked for your login credentials, reach out to Stilt’s customer service line for clarification. If you’re still not comfortable with sharing the information Stilt requires, you might want to check out our personal loans guide for general information on loans, or our nonresidents loan guide for information on getting a loan without a green card.

      Thanks,

      Anna

Go to site