How to Get a Personal Loan with ITIN Number

Posted by in Loans | Updated on November 15, 2022
At a Glance: Can you get a personal loan with an ITIN number? You’ll need to find a lender that is willing to help you apply for a loan with the ID number first though.

Immigrants living and working in the U.S. have a difficult time getting access to adequate financial services. Their lack of Social Security Numbers causes them to miss out on many offers. What can they do when they need credit? Are they allowed and able to get credit in the U.S.?

What is an ITIN Number?

An Individual Taxpayer Identification Number (ITIN) is a unique 9-digit code used to identify someone for tax purposes. It does not replace any other forms of identification. It only serves as another form of identification. People without a Social Security Number (SSN) need an ITIN to file their taxes. The Internal Revenue Service (IRS) issues these unique codes to those who are eligible and who require it in order to be able to file their taxes. An ITIN number will expire if it has no tax filings for three consecutive years.

Can I get a Personal Loan with an ITIN Number?

Yes, you can. You’ll need to find a lender that is willing to help you first though. Remember, you are still applying for credit and an ITIN alone simply won’t be enough. You still need to convince a lender to approve the loan you apply for. We’ll explain how you can get a loan with an ITIN in more detail below.

How to Get an ITIN Personal Loan with Stilt

If you want to take out a personal loan using your ITIN number, the first thing you’ll need to do is find a lender—like Stilt—who will provide loans to an ITIN holder. From there, the loan process will work as it would with any other lender:

  • Apply
  • Get Approved
  • Start Repayment

Each of these steps is discussed in more detail below.

Apply with Stilt

Apply online for the loan amount you need. Submit your best possible application, because strong applications get better loan offers.

Get Approved for an ITIN Personal Loan

You’ll receive feedback within 24 hours. Submit any additional information required (if requested). Soon you’ll get your loan offer and a promissory note. Sign and return that note if you want to accept the loan.

Start Repaying Your Stilt Loan

The loan will be disbursed into your U.S. bank account within 2-3 business days. Go set up your repayment method online. An autopay option will help you to pay on time every month.

It’s that easy! Now you can go and finance that project, buy a car, relocate your family or do whatever it is you need to do.


3 Reasons to Get a Personal Loan with an ITIN Number

You can qualify for a personal loan with an ITIN number, but what will you use it for? Here are a few possible scenarios that could use a personal loan for.

Buy a Car

Traditional lenders in the U.S. like to take on secured loans. An auto loan is a form of secured credit. The car financed by the loan serves as collateral for the loan. This means the lender may repossess the car and take it as payment for the loan if the borrower defaults on payments. Auto loans also require a down payment. This is a type of deposit you need to pay before the loan is approved. You can always use a personal loan to finance your down payment for an auto loan if you don’t have enough cash saved up.

Immigrants also often struggle to get a car loan approved without an SSN. If this is you, you can even use a personal loan to buy a car. Find the right lender willing to help you and use a personal loan to buy the vehicle you need.

Rental Deposit

The U.S. real estate industry is infamous for expensive property. It may differ depending on where you buy or lease. But rent in the U.S. is not cheap. This also means the rental deposits associated with rental contracts are expensive. Depending on the agreement you have with your landlord, you could be expected to pay up to 3 months of rent as a deposit (or worse even more).

You don’t have to lose out on that deal because of a deposit. Get a personal loan with an ITIN number and use it to cover your rental deposit. A loan for a rental deposit may just be your answer.

Pay to Relocate Family

Moving your family can be a stressful time. But sometimes it’s a necessary change Whatever your reason is for moving, it won’t change the cost. Moving is expensive and especially if it is on short notice. You need to find help fast and don’t have the luxury of looking for the cheapest and easiest solutions.

You don’t have to struggle with cash flow issues and potentially miss out on a new job opportunity. Even if your new job offers better payment and could help you to cover the extra costs of moving, you still need that money now. How can you bridge this gap? Take a personal loan with an ITIN number and cover the costs required to relocate your family. Apply for the amount needed to pay the removal company and any transport costs included in the process. A loan for relocation can be your answer.

Credit Cards as an Alternative to ITIN Personal Loans

Perhaps you need a different kind of credit. You don’t need something like a personal loan which is a once-off disbursal of funds. You don’t need to finance a big project. You need something that helps to cover costs on a month-to-month basis or whenever you need it. What solutions are there?

Have you thought of getting a credit card with the ITIN number? A credit card can help ease your budget constraints. You get access to a credit limit on your credit card and you can spend on your credit card up to that maximum limit. You just need to pay the required monthly payment which is determined by the interest rate on the card. Credit cards are useful because once you have it you have access to a specific amount of credit. You don’t need to ask permission from your bank to use it. Simply use and repay in the ways agreed with your credit provider.

Here’s how you can get your credit card without an SSN:

  1. Apply for an ITIN – Visit the IRS website and follow the instructions to apply for your ITIN.
  2. Find lenders – Find the lenders who offer credit cards to people with an ITIN number.
  3. Check your credit – Get your credit report and check if all information is complete and truthful. Errors may cause obstacles in the future.
  4. Apply for a credit card – Once you’re comfortable with your credit you can apply for a credit card with your ITIN number.

Use your credit card wisely and repay it as required to also build a stronger credit score. Happy spending!

Read More

Need a Loan? Get One in 3 Simple Steps

If you are considering applying for a personal loan, just follow these 3 simple steps.


Apply online for the loan amount you need. Submit the required documentation and provide your best possible application. Stronger applications get better loan offers.


If your application meets the eligibility criteria, the lender will contact you with regard to your application. Provide any additional information if required. Soon you’ll have your loan offer. Some lenders send a promissory note with your loan offer. Sign and return that note if you wish to accept the loan offer.


The loan then gets disbursed into your U.S. bank account within a reasonable number of days (some lenders will be as quick as 2-3 business days). Now you need to set up your repayment method. You can choose an autopay method online to help you pay on time every month.


About Stilt

Stilt provides loans to international students and working professionals in the U.S. (F-1, OPT, H-1B, O-1, L-1, TN visa holders) at rates lower than any other lender. Stilt is committed to helping immigrants build a better financial future.

We take a holistic underwriting approach to determine your interest rates and make sure you get the lowest rate possible. 

Learn what others are saying about us on Google, Yelp, and Facebook or visit us at If you have any questions, send us an email at [email protected]