Generally, Many of you have completed your graduation in USA by taking the loan in your home country. Now it is time for you to pay off your loan after completion of your graduation. Here, we give you the best way to pay off your Educational loans after getting a job in the United States. Usually, Most of the international students who come to USA for graduation opens a bank account in United States Banks. So, Obviously, International students in USA maintain some good amount in the respective bank for further transactions. Fortunately, this process will benefit International students to get easy loan USA. Wondered? Now let us see how it works. International students who secured a job in United States and maintains good credit history in the US banks for more than two years are eligible for applying for the personal USA loans. As the interest rate in US banks is comparatively low to their home country banks it will benefit them.
How to get Personal USA Loans
We all know that Interest rates in the United States are very low when compared to other countries. If you have taken a loan in India the interest is around 14% per annum whereas in the United States the interest rate is around 7% per annum. You can also check the International Student USA Loans process here. In order to get a USA loans, a two-year credit history and valid credit score within the US must be needed. Personal Loans for bad credit will not be approved. If you have a good credit history with US banks then you can apply for your personal loan by submitting the pay stubs of last 2 months. You will get the USA loans approved easily without any security backing because you were the old customer to them with good credit history. By personal loan calculator check the monthly payments and the total interest rate charged. Now, get the money and sent back to India to pay off the educational loan in the home country.
Documents Required for Personal Loan In USA
For short term personal loan in USA, the following documents are essential to submit for the USA credit loan approval.
- ID Proof with the picture in the United States.
- Social security number.
- Financial account statements (or the account number if with the same bank).
- Pay stubs which show income.
Which Banks to apply for Personal Loan in USA
One of the frequently asked question by many people is Where can I get a Personal Loan? Hence, The Best Bank for Personal loan is Credit Union Banks. As the Credit unions Banks and National Banks offer same services like checking accounts, savings accounts, personal loans, USA payday loans, home loans and more. But they have their own differences on dcu personal loan rates for USA Loans. Credit unions are generally non-profit banks, which offer money loan USA with higher interest rates on deposits, lower rates on loans and lower fees. Whereas National Banks are for-profit and they offer more innovative products and up-to-date technology only. So, we suggest you apply for Credit Unions for personal Loans in USA. Also, check the list of some of the Best Credit Unions for USA cash loans in USA below.
Also, check the list of some of the Best Credit Unions in USA to get loan in USA.
- Navy Federal Credit Union.
- The Suncoast Credit Union.
- Alaska USA Federal Credit Union.
- The Consumers Credit Union.
- Boeing Employees Credit Union.
- The Alliant Credit Union.
- First Tech Federal Credit Union.
- The Golden 1 Credit Union.
Easy Personal Loans In USA With Good Credit History