How to Get a Personal Loan Without an SSN

Posted by in Loans | Updated on November 15, 2022
At a Glance: Even if you are an immigrant with no SSN, you can open a bank account or apply for a personal loan. All you need is an ITIN (Individual Tax Identification Number) and proof of residency in the U.S.

If you want to secure a loan but the lack of social security number is stopping you from getting one, this article is for you. Here, we will talk about ways through which you can get a loan even you don’t have a social security number. Let’s get started.

Loans Without Social Security Number

Today, if you desire something – a home, a car or you wish to pay for your college fees, you don’t have to wait for gathering the required amount or borrow money from relatives. With so many banks and lenders available in the market, you just have to fill out the loan approval forms, furnish all the required documents and you are done. One of the things that are required at the time of application is the Social Security Number (SSN).

What is an SSN?

U.S. government issues a 9 digit number, used for keeping track of the number of years spent in workforce and earnings, to all its citizens and eligible U.S. residents. Once a person retires, the government then calculates the payments based on the information recorded. The SSN is used at various places including, but not limited to, at the time of job or filing for returns. SSN is required:

  • For enrolling in Medicare
  • For passport application
  • For certain kinds of public assistance programs such as unemployment benefits
  • For opening a bank account or applying for a loan
  • To apply for a driver’s license

Can You Get a Loan Without an SSN?

Having an SSN makes getting a loan considerably easy. A bank/lender can retrieve all the necessary information required to process the loan with a person’s SSN. It rules out the need for filling in a plethora of forms or submitting a bunch of documents. However, not having an SSN may raise certain issues. But don’t worry, you can still apply for and get loans from a bank or a lender.

Personal Loans with No Social Security Number

For long, this myth has been propagated by brokers and middlemen that if you are not a resident of the U.S. and you lack an SSN, you will not be able to get a personal loan. Well, this myth has been busted. Today, even if you are an immigrant with no SSN, you can open a bank account or apply for a personal loan. All you need is an ITIN (Individual Tax Identification Number).

If you are paying federal taxes, you can apply for an ITIN. Follow these 4 steps as mentioned below:

  1. Fill out the Form W7.
  2. Include proof of identification (country identification card, driver’s license, medical records) as approved by the IRS.
  3. File your income tax return
  4. Submit everything (Form W7, income tax return, and any other attachments) to the IRS office.

This entire process takes 4 to 6 weeks to complete once you complete all the documentation.

Personal Loan with ITIN Number

As mentioned above, if you don’t have an SSN number, you can still manage to get a loan with an ITIN Number.

What is an ITIN Number?

An ITIN Number stands for Individual Taxpayer Identification Number. It is a tax processing number in the US issued by the Internal Revenue Service.

Can I Get A Loan With An ITIN Number?

Once you have an ITIN number, you can apply for a personal loan or a credit card depending on your needs. A bank or a lender looks at following things before lending out to you:

  • Credit Score
  • Outstanding Loan
  • Mortgage
  • Debt to Income ratio
  • Your career stability

AN ITIN number gives them a clear picture of the aforementioned things related to you. Thus, making it easier for you to get the credit.

How to Get a Loan With No Social Security Number With Stilt?

If you do not have a social security number, you can still get a loan with Stilt. To start the process, all you need to do is submit your loan application. We will then update you within 24 hours. If needed, we will give you a call to extract more information and verify the things.

Once the documents are verified, we will send a promissory note to sign. After you sign, we will initiate the transfer within two to three business days. You can then schedule the payments through your account. If needed, you can also make prepayment without any penalty.

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Big Reasons Banks Won’t Lend to Immigrants without SSNs

If you are an immigrant with no SSN, you might have been turned away by many banks when you approached them for opening an account or borrowing a sum to further your business or buy a car. There are important reasons why a bank refuses to provide a loan.

  1.     Absence of Credit History – Since most of the immigrants don’t possess an SSN, it becomes very difficult to ascertain their credit history. Credit history determines if a person is worthy enough to be given a loan and if so, how much can be dispersed.
  2.     Unreliability – If a borrower is a citizen of the land, in this case, U.S., it is easier to catch hold of him/her when default on the bank loan occurs. However, if a person is a foreign citizen and leaves the U.S. before repaying the debt, there is no possible way to bring back the money   No Co-signer – In the absence of credit history, banks require a cosigner to co-opt the loan with the borrower. This is to ensure that in case of a default, banks can recover the sum from the co-signer
  3.     Incomplete Paperwork – More often than not immigrants lack one or most of the necessary documents required to process the loan.

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Given all that, if you are an immigrant looking to set-up or expand your business, buy a house or a car, or require a loan for a personal reason, it is tough to get the banks to lend you the money. It becomes even more difficult if you don’t have an SSN. But there is no reason to worry. If you are paying federal taxes and have an ITIN, you can easily develop a credit score and take a loan from the bank.

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. 

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