11 Personal Loans for Non-US Citizens in December 2021 - Credible News

To be eligible for a personal loan, non-U.S. citizens will generally need to provide their residency status, credit history, and proof of income.
Emily Guy Birken

Emily Guy Birken is a Credible authority on personal finance. Her work has been featured by Forbes, Kiplinger’s, Huffington Post, MSN Money, and The Washington Post online.

Read more” > Emily Guy Birken Edited by <a href="https://www.credible.com/blog/author/aharrison/" class="entry-meta__tooltip" data-tooltipjs="" data-tooltipjs-hover="true" data-tooltipjs-placement="top" data-tooltipjs-close-on-outside-click="true" data-tooltipjs-title="  Credible’s editing process includes rigorous fact-checking by experts to ensure that all content is accurate and up-to-date. This article has been reviewed, edited, and fact-checked by Ashley Harrison. As a Credible authority on personal finance, Ashley has covered topics that include student loans, personal loans, and more. Her work has appeared in Student Loan Hero and LendingTree.Read more” > Ashley Harrison Updated August 30, 2021
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If you’re not a U.S. citizen, it might be more difficult for you to qualify for a personal loan from a U.S.-based lender. However, there are several lenders that offer personal loans for non-U.S. citizens — provided you meet their eligibility requirements.
Here’s what you should know about personal loans for non-U.S. citizens:

Before taking out a personal loan, it’s important to consider as many lenders as possible. This way, you can find the right loan for your needs.
Here are Credible’s partner lenders that offer personal loans for non-U.S. citizens:
Residency: U.S. citizen or permanent resident with Social Security number
Axos Bank offers personal loans from $5,000 to $35,000 with repayment terms from one to five years. If you’re approved, you could get your funds as soon as the next business day.
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Residency: U.S. citizen or permanent resident
With Best Egg, you can borrow $5,000 to $50,000 with terms from two to five years. In addition to your credit score, Best Egg also considers more than 1,500 proprietary credit attributes from sources that include external data providers and your “digital footprint.”
This means you might have an easier time qualifying with Best Egg compared to working with a traditional lender.
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Residency: U.S. citizen or permanent resident
If you’re looking for a long repayment term, Discover could be a good choice — you can borrow $2,500 to $35,000 with terms from three to seven years. Just keep in mind that choosing a longer term means you’ll pay more in interest over time.
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Residency: U.S. citizen or permanent resident
If you’re planning to consolidate debt, FreedomPlus might be a good option — you might qualify for a lower interest rate if you use at least 85% of the loan proceeds to pay off existing debt. You could also get a better rate if you add a cosigner or show proof of retirement savings.
FreedomPlus personal loans range from $10,000 to $50,000 with terms from two to five years.
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Residency: U.S. citizen or permanent resident with Social Security number
If you have poor or fair credit, LendingClub could be a good choice for a personal loan. You can borrow $1,000 to $40,000 with a three- or five-year term. You also have the option to apply with a cosigner.
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Residency: U.S. citizen or permanent resident with Social Security number
LendingPoint specializes in working with borrowers who have near-prime credit — usually meaning a credit score in the upper 500s or 600s. You can borrow $2,000 to $36,500 with terms from two to five years.
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Residency: U.S. citizen, resident alien, or nonresident alien with Social Security number or Individual Tax I.D. number
With Marcus, you can borrow $3,500 to $40,0002 with repayment terms from three to six years. If you make 12 or more consecutive, on-time payments, you can defer one monthly payment on your Marcus loan interest-free.
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Residency: U.S. citizen or permanent resident
If you only need a small loan, PenFed might be a good choice — you can borrow as little as $600 up to $50,000 with terms from one to five years. Keep in mind that while you don’t have to join PenFed to apply, you’ll need to become a member if you are approved and choose to accept the loan.
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Residency: U.S. citizen, permanent resident, or visa holder (J-1, H-1B, E-2, O-1, or TN)
If you need to borrow a large amount, SoFi could be a good option — you can borrow $5,000 to $100,000 with repayment terms from two to seven years. SoFi borrowers also have access to several perks, such as unemployment protection, career coaching, and investing advice.
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Residency: U.S. citizen or permanent resident
If you have poor or fair credit, Upgrade might be a good choice. You can borrow $1,000 to $50,000 with two, three, five, or six year terms. If you’re approved, you could have your funds within a day of clearing necessary verifications.
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Residency: U.S. citizen or permanent resident
In addition to your credit score, Upstart will consider your education and job history to determine creditworthiness — which means you might still qualify even if you have little to no credit. With Upstart, you can borrow $1,000 to $50,0005.
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Learn More: What You Can Use a Personal Loan For

Yes, non-U.S. citizens can get approved for personal loans from certain lenders. Just keep in mind that the specific requirements vary by lender, and non-U.S. citizens might not have enough credit or income history to qualify for the lowest rates or most favorable terms.
Check Out: How to Check if a Personal Loan Company Is Legitimate

While specific eligibility criteria can vary, here are some common requirements that you’ll typically need to meet to qualify for a personal loan as a non-U.S. citizen:
Many lenders typically want to see at least two years of credit history — possibly more — before you can take out a personal loan. Some lenders might be willing to accept documentation of payment history or credit history from your home country if you don’t have sufficient U.S.-based credit history.
If you’re a visa holder, you might or might not be able to get a personal loan depending on the type of visa you have. Here are some of the visa categories that might qualify you for a personal loan:
Generally, lenders will only allow you to choose a repayment term that’s shorter than the period of time you’re authorized to live in the U.S. This way, the lender will have less trouble collecting payment.
For example, if you have a visa that lasts an additional two years from the time of your loan application, your lender likely won’t let you pick a five-year repayment term.
You might also be required to apply with a cosigner who is a U.S. citizen. Not only does this provide assurance to the lender that the loan will be repaid, but it might also qualify you for a better interest rate compared to what you’d get on your own.
Learn More: Getting a Loan With No Credit: 4 Loans for New Borrowers

Here’s what you’ll generally need to provide when applying for a personal loan as a non-U.S. citizen:
This typically includes:
To qualify for a personal loan, you’ll typically need good to excellent credit — but if you haven’t built a credit history in the U.S., you might have a hard time passing a credit check.
There are a couple of options that might help in this case:
Nova Credit, a cross-border credit bureau, offers several ways to establish and build credit in the U.S. These options include:
You might also be able to use a credit package or information from your home country that shows your creditworthiness.
Some lenders have a minimum income requirement while others don’t — but in either case, you’ll still generally need to show proof of income. This might require submitting W2s, pay stubs, bank statements, or tax returns.
Additionally, you’ll need to share your employment status as well as your employer’s contact information.
You may also need to provide additional documentation about your residency status or visa or any other documentation stemming from your status as a non-citizen.
Check out: Bad Credit Personal Loans

While there might be fewer loan options for non-U.S. citizens, it’s still important to shop around and compare as many lenders as you can to find the right loan for you. In addition to residency requirements, be sure to consider interest rates, repayment terms, and any fees charged by the lender.
Comparing lenders is easy with Credible. You can see your prequalified rates from multiple lenders in just two minutes — without affecting your credit.
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Here are the answers to a few commonly asked questions about getting a personal loan as a non-U.S. citizen:
While some lenders require borrowers to have a Social Security number, others don’t. For example, Marcus accepts resident aliens and nonresident aliens who have a valid U.S. bank account and an Individual Tax I.D. Number.
Be sure to check with the lender to see what their exact requirements are before applying for a personal loan.
Learn More: Secured Personal Loans You Should Know About
Yes, there are some banks that work with nonresident borrowers, such as Axos Bank and Discover. You might also be able to qualify with certain online lenders or credit unions, such as LendingClub or PenFed.
Just remember that to get approved for a personal loan, you’ll have to meet the lender’s eligibility requirements. These vary between lenders but usually include verifying your:
Check Out: COVID-19: How Personal Loan Lenders Are Helping Borrowers
Personal loans can range from $600 to $100,000 or more, depending on the lender. However, some lenders might restrict how much you can borrow as a non-U.S. citizen if they consider you a higher risk.
One potential way to get approved for a higher loan amount is to apply with a cosigner who is a U.S. citizen. This might also help you qualify for a lower interest rate than you’d get on your own.
You can estimate how much you’ll pay for a loan using our personal loan calculator below.
Enter your loan information to calculate how much you could pay
With a $ loan, you will pay $ monthly and a total of $ in interest over the life of your loan. You will pay a total of $ over the life of the loan.
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About Rates and Terms: Rates for personal loans provided by lenders on the Credible platform range between 4.99-35.99% APR with terms from 12 to 84 months. Rates presented include lender discounts for enrolling in autopay and loyalty programs, where applicable. Actual rates may be different from the rates advertised and/or shown and will be based on the lender’s eligibility criteria, which include factors such as credit score, loan amount, loan term, credit usage and history, and vary based on loan purpose. The lowest rates available typically require excellent credit, and for some lenders, may be reserved for specific loan purposes and/or shorter loan terms. The origination fee charged by the lenders on our platform ranges from 0% to 8%. Each lender has their own qualification criteria with respect to their autopay and loyalty discounts (e.g., some lenders require the borrower to elect autopay prior to loan funding in order to qualify for the autopay discount). All rates are determined by the lender and must be agreed upon between the borrower and the borrower’s chosen lender. For a loan of $10,000 with a three year repayment period, an interest rate of 7.99%, a $350 origination fee and an APR of 11.51%, the borrower will receive $9,650 at the time of loan funding and will make 36 monthly payments of $313.32. Assuming all on-time payments, and full performance of all terms and conditions of the loan contract and any discount programs enrolled in included in the APR/interest rate throughout the life of the loan, the borrower will pay a total of $11,279.43. As of March 12, 2019, none of the lenders on our platform require a down payment nor do they charge any prepayment penalties.
Emily Guy Birken is a Credible authority on personal finance. Her work has been featured by Forbes, Kiplinger’s, Huffington Post, MSN Money, and The Washington Post online.
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