How to Get a Loan in the USA as a Non-Resident in 2025: Complete Guide for Visa Holders & Immigrants

Getting a loan in the United States can be challenging—even more so if you’re not a U.S. citizen. But if you’re wondering how to get a loan in the USA as a non-resident, you’re not alone, and you’re not without options. Whether you’re an international student, an expat, a temporary worker, or on a visa, you can still qualify for various types of loans in the U.S. with the right documents and lenders.

In this guide, we’ll walk you through the process step-by-step, explore the types of loans available, and share smart strategies to boost your chances of approval.

💼 Who is Considered a Non-Resident in the USA?

In loan terms, a non-resident usually refers to someone who is:

• Not a U.S. citizen

• Not a green card holder (permanent resident)

• Living in the U.S. on a visa (e.g. F1, H1B, L1, J1, etc.)

• Has no established credit history or SSN/ITIN

If you fall into this category, many traditional lenders may see you as a higher risk. However, specialised lenders, credit unions, and even fintech platforms are opening their doors to international applicants.

🏦 Types of Loans Available for Non-Residents in the USA

1. Personal Loans

These are unsecured loans you can use for any purpose—from emergency expenses to moving costs. Some online lenders, like Stilt, SoFi, and Nova Credit, offer personal loans to non-residents.

2. Student Loans

If you’re an international student, several lenders like MPower Financing and Prodigy Finance offer loans without requiring a U.S. co-signer or credit history.

3. Auto Loans

Need a car in the U.S.? Some lenders and dealerships will work with visa holders and newcomers with valid documentation, proof of income, and an international driving license.

4. Credit Builder Loans

These small loans help non-residents establish U.S. credit history. Platforms like Self or Chime offer starter products tailored to immigrants and newcomers.

5. Business Loans

Starting a business in the U.S. as a non-resident? While more complex, some SBA lenders and private investors may offer funding if you meet specific criteria.

📝 What Do You Need to Apply for a Loan in the USA as a Non-Resident?

Each lender has its own set of rules, but here are the typical requirements you’ll need to apply:

✅ 1. Valid Passport and Visa

This proves your legal status in the U.S. The longer your visa validity, the better your chances of approval.

✅ 2. Individual Taxpayer Identification Number (ITIN) or SSN

If you don’t have a Social Security Number (SSN), apply for an ITIN. Many lenders accept ITINs as a substitute.

✅ 3. Proof of Income or Employment

Lenders want to know you can repay the loan. Submit recent pay stubs, offer letters, or bank statements showing regular income.

✅ 4. U.S. Bank Account

To disburse and repay loans, you need a U.S. bank account in your name.

✅ 5. Credit History (if any)

Some lenders accept foreign credit history through services like Nova Credit. If you have a credit score from your home country, it could help.

✅ 6. Co-signer (Optional but Helpful)

Having a U.S. citizen or permanent resident co-signer significantly increases your chances of approval and lowers your interest rate.

🌐 Best Lenders That Offer Loans to Non-Residents

🔹 Stilt

• Focuses on immigrants, visa holders, and international students

• No SSN or credit score needed

• Loan amount: $1,000 to $35,000

• Fast approvals and competitive APRs

🔹 MPower Financing

• Ideal for international students

• No co-signer required

• Fixed interest rates

• Loans based on future earning potential

🔹 Prodigy Finance

• Offers loans to graduate international students

• Used at select U.S. universities

• No collateral or co-signer needed

🔹 Self (Credit Builder Loan)

• Helps non-residents build credit

• Repay small monthly payments

• At the end of the term, get the money back

🔹 Lendbuzz

• Provides auto loans to non-U.S. citizens

• Requires a valid visa, income proof, and driving license

• No U.S. credit score needed

📊 How to Improve Your Loan Approval Odds

Getting a loan as a non-resident isn’t impossible—it just takes a little extra effort. Here’s how you can improve your chances:

📈 1. Establish a U.S. Credit Profile

Apply for secured credit cards or credit-builder loans. Use them responsibly for 6–12 months to build your credit history.

🤝 2. Get a U.S. Co-Signer

A trusted friend or relative with good credit can help you qualify for better rates and more funding.

💰 3. Make a Down Payment

Whether it’s a car or personal loan, putting money down reduces the loan amount and the lender’s risk.

🧾 4. Show Strong Financials

Bank statements with regular deposits, a stable job, and low expenses prove that you’re financially responsible.

💼 5. Stay in Status

Maintain legal immigration status, keep your visa active, and avoid any violations—lenders often check visa validity.

⚠️ What to Avoid When Getting a Loan in the USA as a Non-Resident

• Payday Loans: High interest, short term, and often predatory. Avoid unless you’re in an absolute emergency.

• Loan Scams: Watch out for fake lenders asking for “advance fees” or demanding payment in gift cards.

• Hard Pulls Without Pre-Approval: Too many hard credit checks can damage your credit score. Opt for lenders offering soft pull pre-qualification.

🧮 How Much Can You Borrow as a Non-Resident?

Loan amounts vary based on income, visa type, and lender policy.

📆 Loan Repayment as a Non-Resident

When you leave the U.S., you’re still obligated to repay any outstanding loans. Defaulting can:

• Damage your international credit reputation

• Affect your U.S. immigration status (in rare cases)

• Lead to collections or lawsuits in both the U.S. and abroad

That’s why it’s vital to borrow only what you can repay, and never default on a loan even if you plan to return to your home country.

✈️ Can You Get a Loan Without Being in the USA?

Some platforms allow international applicants to apply from abroad, especially for student loans or business financing. However, the majority of personal or auto loans will require that you:

• Physically reside in the U.S.

• Have a U.S. bank account

• Show U.S.-based income

🧠 Final Thoughts: Your Loan Journey as a Non-Resident Starts Here

Figuring out how to get a loan in the USA as a non-resident doesn’t have to feel like navigating a maze blindfolded. With access to the right information, specialised lenders, and a solid application strategy, you can unlock the funding you need to thrive in the United States.

Remember:

• Do your research

• Choose the right lender

• Build your U.S. credit

• And most importantly—borrow wisely.

❓ FAQs

1. Can I get a loan in the U.S. without a Social Security Number?

Yes, some lenders accept ITINs or no SSN at all, especially for personal or student loans.

2. Is a co-signer necessary for non-residents?

Not always, but having one can greatly increase your chances of approval and get you a better interest rate.

3. Can international students get loans without a co-signer?

Yes, platforms like MPower Financing and Prodigy Finance offer student loans without co-signers.

4. Will I qualify if I just moved to the U.S.?

Yes, if you have legal status, income, and meet lender criteria. Some fintech lenders specialise in new immigrants.

5. Can I apply for a loan from abroad before moving to the U.S.?

Some student lenders may allow this, but most loans require U.S. residency, a U.S. bank account, or proof of in-country presence.