Can I take an international loan without a cosigner (educational loan in the U.S.)?
I am from India and have been admitted into a reputed university for grad program. As I'm taking a full loan, it is quite a burden for me , with private banks quoting rate of interest around 13.75%. I would like to take loan in US, but I don't have a cosigner. What do I do? Is there any way I can take up loans in US without a cosigner?
10 Answers
Yes, you can. We have started new student loan for international students without a cosigner. This loan can help you pay for living expenses and build a credit history right from the day you arrive in the U.S. This is the only student loan in the market for international students without a cosigner that’s applicable for students at most U.S. universities.
This is not only a loan for paying for school, you can also use it for living expenses, buying books and computer, paying rental deposit or any thing else you need. With your repayments, you will build credit history and more importantly build a positive payment history with Stilt. As you graduate and start your new job, you can refinance your student loan from India at lower rates and save considerably on interest rates.
Also, a loan from India has higher requirements such as a collateral, parents as cosigner, post dated checks from parents, and a bunch of documentation. You may have to go to the branch multiple times and you don’t even know how a decision is made and how you can lower your interest rates.
We don’t have any such collateral or cosigner requirements. We send a decision in less than 24 hours and the process is completely online. You can contact us via phone or email if you have questions.
About Stilt:
Stilt provides loans to international students and working professionals in the U.S. at rates lower than any other lender. Learn more about us on wikipedia or visit us at https://www.stilt.co. If you have any questions, send us an email at team@stilt.co.
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