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  • Official comment
    Stilt Team (Edited )

    A personal loan on H-1B is difficult with banks and credit unions. They consider people on visas as high financial risk and deny them loans even if applicants have high income and a good savings rate. They may want to see a co-signer before considering you for a loan - even then, a personal loan is generally given at a higher rate because of the implied risk that this person will leave the country.

    Most visa holders don't have a U.S. cosigner and they have a limited credit history. It is important to find a loan at a reasonable rate while on a visa.

    If you are a visa holder with limited credit history, then your options for a good personal loan are limited. Most lenders would want to look at a 6+ year credit history to consider you for a personal loan. These lenders don’t consider your comprehensive profile to give you better rates.

    There are many companies like Lending Club, Prosper, AvantLendUpLoanDepot, etc. that can give you a personal loan through an online application. But their rates are generally high - e.g. average APR on Avant is 30% which is mainly targeted at people with imperfect credit.

    If you are looking for something that considers your comprehensive profile other than just credit history, take a look at our company - Stilt. We provide personal loans to people with limited credit history.

    About Stilt:

    Stilt provides loans to international students and working professionals in the U.S. at rates lower than any other lender. Visit us at If you have any questions, send us an email at

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