How does Stilt decide the loan amount and interest rates?

When reviewing a loan application we look at numerous factors to help us determine what is the best interest rate and loan amount that we can offer. Some of these factors include: 

1. Current Employment or Employability
2. Education/Work Experience: 
3. Financial Behavior: 
4. Derogatory Fees:
5. Defaults/Collections/Bankruptcies:
6. Visa Status
7. Information Accuracy
8. Credit Check/Credit Score (only for applicants with SSN)

We are looking for financially responsible behavior from individuals applying for a loan. Our process is extremely data-driven and we use machine learning algorithms to determine the exact interest rate and loan amount for approval.

Here are is an in-depth article on how we determine your loan offer.