Stilt says it offers personal loans for immigrants and “underserved” people in the U.S. You don’t need a Social Security number or credit history to apply, though Stilt lends only in certain states and isn’t upfront about its full range of interest rates.
Stilt loan amounts range from $1,000 to $35,000, with maximum loan terms of up to 36 months and no prepayment penalties.
Stilt doesn’t require a Social Security number or green card to apply. The lender accepts loan applications from people covered by Deferred Action for Childhood Arrivals (DACA), as well as several visa types including H-1B.
Stilt doesn’t have a minimum credit score requirement and says it will look at other factors — such as current employment, education, collections and bankruptcies — when reviewing your application. You can’t apply with a co-signer.
Stilt offers decent starting interest rates but doesn’t publish its full range, and charges an origination fee it describes as “small” without disclosing the exact amount unless you receive a loan offer.
Stilt offers personal loans in only 16 states: Arizona, California, Florida, Georgia, Illinois, Massachusetts, Michigan, New Jersey, New York, Ohio, Pennsylvania, Texas, Utah, Washington, Wisconsin and Virginia. Since Stilt reports payment history to most major credit bureaus, it may help you build a positive credit history in the U.S.
