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| Direct lender or marketplace? | Direct lender |
| Loan types | Personal loans |
| Loan amount | $1,000-$35,000 |
| Repayment terms | 6-36 months |
| APR | From 7.99% |
| Suitable for | Immigrants without a social security number |
Stilt was created to help immigrants and the underserved to get personal loans. You don’t need a social security number to qualify, and you also don’t need a US citizen or permanent resident to cosign your loan. The only requirement is that you have a US bank account, and you can sign up for one through Stilt if needed. Stilt also doesn’t require a credit history.
Stilt only offers unsecured personal loans. Loan amounts range from $1,000 to $35,000. The amount you can be approved for depends on a variety of factors including your employment status, employment history, education history, and credit history.
You can apply for a loan with Stilt online. You will need to provide personal information, information about your US immigration status and visa, and information about your financial and employment histories. Stilt also runs a soft credit check, even if you don’t have a social security number. The credit check will not impact your credit score.
Stilt typically reviews applications and provides a loan offer by email within 24 hours. You can sign all necessary paperwork to complete your loan online, and funds will be transferred to your bank account in 2-3 business days.
Stilt offers loans from $1,000 to $35,000 and terms from 6 to 36 months. The amount you can qualify for depends on your work history, financial history, and education. Interest rates start at 7.99% and the maximum rate varies by state. Stilt does not charge a prepayment penalty, so you’re free to pay off your loan early to save on interest payments.
Stilt encrypts all application data with SSL (Secure Socket Layer) encryption and stores it on PCI (Payment Card Industry) compliant servers. The company never sells your information and has a clear privacy policy describing how your information is shared with third parties.
Stilt’s customer support team is available by phone and email from 8am to 6pm (PT) Monday to Friday. The company has a detailed FAQs page where you can find more information about the application process and loan terms.
Phone: (415) 630-2323
Email: team@stilt.com
| Stilt | Lightstream | |
|---|---|---|
| APR | From 7.99% | 4.49%-20.49% |
| Minimum credit score | None | 690 |
| Loan amounts | $1,000-$35,000 | $5,000-$100,000 |
| Loan term | 6-36 months | 2-7 years |
| Suitable for | Immigrants without a social security number | Low interest rates |
Stilt stands out in that it doesn’t require you to have a minimum credit score or any credit history at all. It also doesn’t require you to have a social security number to apply.
Stilt doesn’t offer the lowest interest rates for personal loans, but the company’s rates are competitive. The maximum loan term is much shorter than that of competitors, but the maximum amount you can borrow is comparable to other personal lenders.
Q. Do I need a US citizen to cosign my loan?
A. No, you do not need a US citizen or permanent resident to cosign a loan from Stilt.
Q. How can I get a US bank account?
A. Stilt offers fee-free bank accounts that you can open without a social security number. You can apply for an account with Stilt online.
Q. How do I make payments towards my Stilt loan?
A. You can manage your Stilt loan and make payments through your online account. Stilt recommends setting up autopay so that you never miss a payment.
Q. I already have a loan with Stilt. Can I apply for another?
A. If you already have a loan with Stilt, you must be more than halfway through repaying your loan to qualify for a second loan. You can only have up to two open loans with Stilt at a time.
Stilt offers personal loans for immigrants and the underserved who don’t have a social security number or credit history. The company offers loans up to $35,000 with interest rates starting at 7.99% APR. You can apply online and get a loan decision in as little as 24 hours.
Stilt, 404 Bryant St., San Francisco, CA 94107
