Rohit Mittal is the co-founder and CEO of Stilt. Rohit has extensive experience in credit risk analytics and data science. He spent years building credit risk and fraud models for top U.S. banks. In his current role, he defines the overall business strategy, leads debt and capital fundraising efforts, leads product development, and leads other customer-related aspects for the company. Stilt is backed by Y Combinator and has raised a total of $275M in debt and equity funding to date.
See all posts Rohit MittalHow Stilt Loans Help Immigrants Without Credit History
New immigrants in the US face challenges with accessing financial services. This is especially for products like personal
That’s why we started Stilt.
Rohit Mittal, who is the co-founder and CEO of Stilt arrived in the US and was not able to rent an apartment. He had to sleep on the couch of a Columbia University alum for weeks because landlords did not offer him an apartment.
This is true not only for bank accounts but also for other products, especially the ones that require a credit history.
This is why we started Stilt. To provide access to financial services to immigrants.
Our personal
Since 2016, Stilt has helped tens of thousands of immigrants with hundreds of millions of dollars in
Key Features of Stilt Loans
No Credit History Required
Stilt does not require applicants to have a traditional credit history, which is a significant barrier for many immigrants. Instead, they assess other factors such as education, employment, and financial behavior. This approach enables individuals with limited or no credit history to qualify for
Inclusive Eligibility Criteria
Our
Building Credit History
By reporting payment history to major credit bureaus, we help borrowers build their credit profiles. Timely payments on these
No Co-Signer Needed
Unlike many traditional lenders, we do not require a co-signer. This is particularly beneficial for new immigrants who may not have established a network in the U.S. capable of co-signing their
Quick Approval and Funding
Our application process is streamlined and efficient. Applicants typically receive a decision within 24 hours, and if approved, funds are deposited in their accounts within two to three business days.
Flexible Loan Amounts and Terms
We offer personal
Benefits for Immigrants
Our approach helps immigrants overcome the financial hurdles associated with building credit from scratch. By focusing on the individual’s overall financial picture rather than just their credit score, we provide a viable option for those who might otherwise be excluded from the traditional lending system. This inclusive strategy not only supports immediate financial needs but also aids in establishing a credit history, which is crucial for long-term financial stability in the U.S.
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For more detailed information and to apply for a loan, visit Stilt’s website.
Don’t take our word for it, hundreds of immigrants have had a great experience with Stilt.
Read reviews of our service on Trustpilot.