Stilt personal loans: 2024 Review
Historically, Stilt offered personal loans to those who wouldn’t otherwise qualify due to their citizenship status. However, Stilt no longer offers personal loans.
Alternatives to Stilt personal loans
While shopping around will help you find the best personal loan for your situation, here are a few online lenders that offer similar APR ranges and eligibility requirements to what Stilt offered.
| Lender | APR range | Loan amounts |
|---|---|---|
| Earnest | Varies by lender | $1,000-$250,000 |
| Upgrade | 8.49%-35.99% | $1,000-$50,000 |
| SoFi | 8.99%-25.81% | $5,000-$100,000 |
Earnest
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Earnest partnered with Fiona, a lender matching platform, so borrowers have a greater chance of getting approved for a loan. Fiona matches borrowers to lenders they qualify with after filling out a single application.
Although the lenders have differing qualification requirements, noncitizen permanent residents may have an increased chance of approval through Fiona’s marketplace model. Keep in mind that each loan comes with financial and credit requirements, so those who don’t meet the criteria or want to score a better rate do have the option of applying with a qualifying co-signer.
Pros
- Repayment terms up to 12 years.
- Co-signer may be allowed.
- Potentially get offers from multiple lenders.
Cons
- Not a direct lender.
- No mobile app.
- Limited details available.
Upgrade
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Upgrade’s minimum requirements are more flexible when compared to most personal loan lenders, making its products accessible to noncitizen residents. While this is a unique perk, the company does charge a high maximum APR for those with bad credit and carries an origination fee, which can detract from the overall value of your loan. However, it does allow joint applications, which could help you score a more competitive rate.
Nonpermanent residents living in the U.S. on a valid visa are eligible for an Upgrade personal loan. Applicants must also be at least 18 years old, have a valid email address and a verifiable bank account.
Pros
- Joint applications allowed.
- Fair credit accepted.
- Low minimum loan amount.
Cons
- Origination fee.
- High maximum APR.
- Lower maximum amount.
SoFi
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SoFi offers personal loans to noncitizens as long as they meet the eligibility requirements. Permanent residents, visa holders and DACA recipients are all welcome to apply. However, nonpermanent, undocumented persons — including asylum seekers — and DACA recipients are required to apply with valid documentation showing current immigration status.
While the lender does offer some of the most competitive rates on the market, it requires that borrowers, or their co-borrower, have a solid credit score and make a steady income — or have an offer of employment starting within 90 days — to get approved.
Pros
- High maximum loan amount.
- Low starting APR.
- Optional fees.
Cons
- No co-signer options.
- High minimum loan amount.
- Strong credit score required.
Why doesn’t Stilt offer personal loans anymore?
JG Wentworth announced the acquisition on Dec. 5, 2022. The company stated in a press release that the aim of the acquisition is to combine the national brand recognition of JG Wentworth and Stilt’s digital platform.
However, this also means that Stilt will no longer be servicing personal loans, as it is now owned by JG Wentworth. While the Stilt website still reflects that it offers personal loans, it redirects borrowers to JG Wentworth should they express interest in a product.
As of now, JG Wentworth offers structured settlements and debt relief programs.
