No, our minimum interest rate for personal loans is 7.99%.
A credit history only a part of the application. Most U.S. banks and lenders only consider credit scores if it is backed by at least 6 years of credit history. A credit score with a 6-month credit history is not enough to demonstrate responsible credit behavior. Here is an example of a similar question on Quora and opinions by other individuals.
There are additional risks for individuals on a visa. Credit history and credit scores don't consider flight risk - the biggest risk for banks and other lenders. If you leave the U.S. or have to leave the U.S. because of economic recession or layoffs, there is little to no recourse of the loan amount.
We look at credit behavior as a daily financial behavior. Our machine learning models take into account your education background, work experience, savings rate, and daily financial behavior to give you the lowest possible rates. We also take into account visa situations for almost all types of visas including F-1, OPT, H-1B etc.
If you demonstrate good financial behavior and a high credit score, your interest rate can be as low as 7.99%. It is one of the best interest rates for visa holders in the industry.