Need a personal loan

eBay / Engcutter
Mar 12 15 Comments

Hi All, I am a Software Engineer and have been working full time for an year now. I have a student loan at very high interest of over $35k and would like to pay it off ASAP.

Could you please suggest where and how can I get a personal loan in US?

Visa status - H1B

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TOP 15 Comments
  • Unity Lvl1Crook
    Loan to pay your debt? What are you the US government?
    Mar 121
    • eBay / Engcutter
      OP
      Yes, because I got my student loan at a high interest without collateral.
      Mar 12
  • LinkedIn stuffy🐷
    Get several 0 APR credit cards. Use them for all your expenses including rent payment. Pay student loan with the money saved.

    Typically the 0 APR offer last for 1 year or more. By that time you should have saved up 35K and paid off your balance.
    Mar 122
    • Citibank citiman
      Other options - take a 401k loan and pay interest - but interest payments go back to you and are typically lower than credit card
      Mar 12
    • Salesforce nisme81
      1 YOE likely has little 401k balance
      Mar 12
  • AT&T / DataMr.Fix
    SoFi can help you refinance student loans. I got my 10-9% loans refinanced to 6% with basically no hassle
    Mar 121
    • eBay / Engcutter
      OP
      I tried Sofi and even got a personal loan. However, due to my stupidity, they found out that I am going to use these funds to pay my student loan. Hence, they rescinded the loan.
      Mar 12
  • Starbucks whyhere
    Apply credit cards that offer 12-18months 0% apr on balance transfers & pay it off!!
    Mar 120
  • AMD
    LEtV72

    AMD

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    LEtV72more
    Are you on H1B and the said loan is say education loan from Indian bank with high interest rates? Stumbled upon this few days ago, may be this helps. Good luck !! https://www.stilt.com/
    Mar 124
    • AMD
      LEtV72

      AMD

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      AMD
      LEtV72more
      I was in your position few years ago and did a combination of personal loan from credit union and 0% APR from credit card to pay off my loan entirely in just few months..
      Mar 12
    • eBay / Engcutter
      OP
      Yes it's exactly my situation. The Indian bank APR is 16%. Which credit union did you apply for?
      Mar 12
    • AMD
      LEtV72

      AMD

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      AMD
      LEtV72more
      I used techCU. They have branches all over Bay area. The apr was around 10percent with no collateral. Good thing is interest is charged daily. So I put my entire salary to the account and took it out to pay bills..that saved me some in interest. I took a revolving credit or something on those lines...
      Mar 12
    • eBay / Engcutter
      OP
      Thanks 😊
      Do we need to be a long time member of techCU to get a personal loan?
      Mar 13
  • Oracle HKF045zh
    Don’t worry about interest rates. $35K is a pittance for the kind of money you should be making. Cut your expenses to the bone and just pay it off.
    Mar 120
  • Rubrik PartyStick
    TC? What is the loan remaining and APR?
    Mar 120

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