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  • Official comment
    Stilt Team (Edited )

    Loans for immigrants with limited or zero credit history has always been a challenge The way U.S. credit system is set up, immigrants (and people on legal visas) are not able to access credit because they don’t have a credit history and they can’t have a credit history unless they get credit. It’s a catch-22 for every immigrant in the U.S.

    Until last year, there was almost no way for immigrants to access credit until they built a long credit history using credit cards and other products. That is no longer the case. You could still get credit card offers with a small limit from companies at 29.99% APR or higher after 6 months of credit history.

    Personal loans are a completely different challenge.

    Personal loans are generally fully amortized loans between $1,000 - $40,000 with APR from 5% - 36%. These are the loans you’ll get from companies like Lending Club, Prosper, LoanDeport, LendingPoint and many others.

    1. They need a strong credit history (only 3% of the applicants with less than 6 year credit history are approved on Lending Club)
      1. Interest rates are generally high for people with limited credit or imperfect credit history
      2. Credit Score is not useful if you don’t have a long enough credit history

    But if you go to websites offering these loans, you’ll most likely be rejected because of your limited or zero credit history (irrespective of your credit score). Even if approved by a lender, the average APR for you could be anywhere between 27% - 36%.

    We started Stilt to fix this problem for non-U.S. citizens. Our application process is designed for them and takes into account a lot of additional factors that other lenders ignore. Our interest rates are only between 10% - 16% (the lowest in the industry).

    About Stilt:

    Stilt provides loans to international students and working professionals in the U.S. (F-1, OPT, H-1B, O-1, L-1, TN visa holders) at rates lower than any other lender. Stilt is committed to helping immigrants build a better financial future.

    We take a holistic underwriting approach to determine your interest rates and make sure you get the lowest rate possible.

    Learn more about us on Wikipedia or visit us at If you have any questions, send us an email at

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