Moving countries is tricky and expensive. You start incurring expenses from the get-go — even buying plane tickets for everybody is enough to leave a massive dent in your bank account or create debt before you've even touched American soil. But thankfully, there are loans for immigrants in Arizona available!

While it's certainly more difficult to get a loan in the United States as an immigrant, it can be done. You can obtain loans to fund personal emergencies, business expenses, home costs, and college tuition. Consider this your guide to getting four kinds of loans as an immigrant in Arizona to help you out.

Check Out 4 Loans For Immigrants In Arizona

1. Personal Loan For Non-U.S. Citizens

Some lenders across the United States of America specialize in providing loans to noncitizens. Others, however, extend their eligibility criteria to both residents and immigrants. Of course, other lenders will offer personal loans for immigrants in Arizona, but these are the top contenders. The following personal loan lenders offer products to non-U.S. citizens:

• Earnest — They specialize in student loans nowadays. Its personal loans are handled by a third-party provider called Fiona, which matches you to lenders based on your submitted financial data. You can borrow anything from $1,000 to $250,000 with payment terms from 24 to 84 months. Of course, your eligibility depends on the specific lender Fiona chooses for you.
• SoFi Bank — It's a digital personal finance company providing personal loans from $5,000 to $100,000, depending on your state of residency. The repayment periods run from two to seven years. To qualify, you must be a permanent resident or a holder of one of the following:
• E-2.
• E-3.
• H-1B.
• J-1.
• L-1.
• O-1.
• G-1 visa.
• Stilt Personal Loan — Stilt is tailor-made for immigrants and underserved individuals. They conduct standard financial audits before qualifying you for their loan. Sometimes, these reports include looking at your educational background and paying non-debt-related expenses. You can qualify if you're a permanent United States of America resident or hold a:
• F-1.
• H-1B.
• O-1.
• J-1.
• L-1.
• TN.
• L-1.
• G-1 visa.
• DACA or Asylum status.
• Upgrade — This online and mobile bank offers personal loans from $1,000 to $50,000 with interest rates ranging from 6.95% to 35.97%. Plus, you must pay an origination fee of 1.85% to 8% of the loan amount. You need to hold a valid visa and be living in the U.S. permanently to be eligible.

2. Short-Term Loans

Another loan you can get as an immigrant in Arizona is a short-term loan. Short-term loans are loans that have repayment terms between three and five years – this is why they are called short-term loans since you have to repay them quicker than longer-term loans. They often carry better interest rates than other loans and are utilized for small dollar amounts such as $1,000 to $2,500. The good thing about these loans is there are plenty of small loans for bad credit.

3. Unsecured Loans

Unsecured loans are another option for those with no valuable assets like a car or a house to use as collateral. Since they don't require collateral, you don't risk losing possessions if you fail to make a repayment. However, some unsecured loans usually require a great credit score to gain approval. The good news is not all unsecured loans require great credit.

Usually, some unsecured loans are used for debt consolidation or home improvements as the maximum loan amount for some of these loans is $100,000, which is rather large. Payday loans are an example of an unsecured loan you can get. This loan helps bridge the gap between pay periods when you really need quick money to deal with an emergency expense.

4. Title Loans

Finally, if you really need quick cash for emergency expenses, you can get title loans from us at Fast Auto Loans, Inc. if you own a car, pick-up truck, or minivan. Depending on your vehicle's value and if the vehicle’s title is free of outstanding liens and in your name, you could borrow anywhere from $300 to $15,000 to fund your emergency.

All you need is a driver's license or state-issued photo ID to use as proof that you are 18 or older, a lien-free vehicle title in your name to use as collateral, and your car for the inspection. All you have to do is fill out the online form on our website to have the nearest Arizona title loan location give you a call and help you start the process.

Find Easy Loans For Immigrants In Arizona

When it comes to needing loans for immigrants in Arizona, you don’t need to worry about not finding anything. Any of the loans in this guide can help you out when you really need it. All you have to do is research to find the right one for your specific situation. You should also research to make sure you meet the qualifications for whichever loan you are looking to get.

Now, if you are dealing with an emergency and need the money quickly, title loans could be an option to consider. Whether you're trying to fund medical bills or repair your home's roof, a title loan might be what you need for quick money. So, complete our online form to start the process and get the cash you need as soon as possible.

 

Note: The content provided in this article is only for informational purposes, and you should contact your financial advisor about your specific financial situation.