Can someone with an ITIN (no Social Security Number) get a personal loan?

What an ITIN is: An ITIN is a 9-digit tax processing number issued by the IRS to individuals who need to file U.S. taxes but are not eligible for a Social Security number. This includes non-resident aliens, certain resident aliens, and their dependents and spouses. An ITIN is not an immigration status document and does not authorize work.

Lenders that accept ITINs: Traditional online personal loan lenders (LightStream, SoFi, Avant) typically require an SSN. ITIN borrowers need specialized lenders:

Stilt: A fintech lender specifically designed for immigrants, visa holders, and ITIN borrowers. Considers alternative data including education, employment, and bank account activity. Offers personal loans up to $35,000.

Camino Financial: Serves Latino-owned small businesses but also offers personal loans to ITIN holders. Bilingual application process.

Self-Help Credit Union (and affiliated CDFIs): Community development financial institutions serving underserved populations. Many accept ITINs and may offer more favorable terms than commercial lenders for mission-aligned reasons.

Credit unions with immigrant-focused programs: Many state credit unions, especially in high-immigrant-population states, have developed ITIN-holder programs.

Building credit as an ITIN holder: Credit is built the same way for ITIN holders as for SSN holders - secured credit cards, on-time payments, and authorized user status. Some banks (Bank of America, Wells Fargo) offer secured credit cards to ITIN holders. Building 12-24 months of credit history opens more lending options.

Documentation typically required: ITIN tax ID, passport or other foreign government-issued ID, proof of U.S. residency (utility bill, lease), proof of income (pay stubs, bank statements).