Guide to Personal Loans for H-1B Visa Holders
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Editor’s note: Lantern by SoFi seeks to provide content that is objective, independent and accurate. Writers are separate from our business operation and do not receive direct compensation from advertisers or partners. Read more about our Editorial Guidelines and How We Make Money.
Can H-1B Visa Holders Get Personal Loans?
Personal Loan Requirements
Personal Loan Lender Concerns
Benefits of Taking Out a Personal Loan with an H-1B Visa
Tips for H-1B Holders Interested in Personal Loans
Alternatives to H-1B Personal Loans
Payday Loans
Family Loans
Credit Cards
Personal Loans and H-1Bs: The Takeaway
3 Personal Loan Tips
Shopping around helps ensure that you’re getting the best deal you can. Lantern by SoFi makes this easy. With one online application, you can find and compare personal loan offers from multiple lenders. If the interest rates you’re being offered seem too high, try lowering the loan amount. Generally, the larger the loan, the greater the risk for lenders, who likely charge a higher interest rate for the increased risk level. Watch out for lenders who advertise “guaranteed” loans. Legitimate lenders will want to know your creditworthiness before offering a loan.
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