Frequently Asked Questions
About my application
- I accepted the loan, what are the next steps?
- How long does it take to receive the promissory note after I have uploaded all my documents?
- Do you need a minimum credit score for loan approval?
- I haven't hear from you yet, what is the status of my loan application?
- How long does it take for payments to reflect on my Stilt profile?
- I applied for higher loan amount but was approved for smaller amount. Why?
Loan Products
- How long does it take to transfer the funds into my account?
- How long does the loan process take?
- What information does Stilt need to transfer the funds to pay off my student loan in India?
- How does the loan process work?
- What is the duration of the loan you offer?
- Can I borrow more than $35,000?
Interest Rates
- How is the interest rate decided?
- What will be my exact interest rate from the currently listed range?
- Can I know my interest rate before I apply for a loan with Stilt?
- What does a fixed rate mean?
- What is the difference between APR and interest rates?
- If I am approved for a $10,000 loan at 10% for 12 months. Does it mean I have to pay $1,000 in interest?