Hands giving loans with itin number
Betsy Wise
By: betsy_wise
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Top Bank Loans with ITIN Number: Personal and Business Loans

If you’re an immigrant and don’t have an SSN, you can use an ITIN to run your business, open a checking account, or prove how long you’ve lived in the United States. You can even get loans with ITIN number.

The last one is not widely known, unfortunately. Many people arriving in this country are unaware that they can use an ITIN to apply for:

  • business loans with ITIN number
  • personal loans with ITIN number

Many others assume ITIN loans are expensive, unsafe or let other misconceptions about ITINs prevent them from gaining access to financing.

That’s why we compiled a list of the top bank loans with ITIN number available to the public. Moreover, when searching for lenders to obtain funds for your business, there’s an ITIN-only alternative you should consider.

Banks and ITINS

Before we start listing the top bank loans with ITIN number (Individual Taxpayer Identification Number), you must know that while there are options out there for ITIN-holders, banks don’t offer that many alternatives if you don’t have an SSN.

That doesn’t mean it’s the end of the road for you. You could either apply with one of the few banks that accept ITIN numbers or find alternative lenders that offer a wider range of financing options that don’t need SSN.

Top Banks that Accept ITIN Numbers

You can apply for these types of bank loans with ITIN number instead of a social security number SSN. 

Credit unions in your community may offer funding for individuals with an ITIN even though they don’t advertise the service. 

Personal Loans with ITIN Number

These banks offer personal loans with ITIN number.

1. Wells Fargo

wells fargo loans with itin number

Wells Fargo offers ITIN personal loans starting at $3,000 and up to $100,000 with 12 to 84 months repayment terms. Their APR ranges from 5.74% to 24.24%.

Applicants must open an account at a Wells Fargo branch before they can apply for ITIN bank loans. Once you have an account set up, you’ll learn that they accept an SSN or ITIN in their credit applications. 

You will need to provide personal information such as date of birth, citizenship status, permanent address, gross monthly income, and preferred loan amount and terms. 

Wells Fargo also requires copies of pay stubs, W-2s, tax returns, and other additional documents.

2. US Bank

us bank's personal loans with itin number

US Bank offers personal bank loans with ITIN number from $1,000 to $50,000 at fixed rates and terms, with repayment terms from 12 to 60 months. Their APR ranges from 6.49% to 18.49%.

Once enrolled in their online banking system by setting up a checking account, you will be able to fill out their loan application. You can enroll digitally or visit one of their bank branches. 

Banks are not the only ones that offer ITIN personal loans, many other alternative lenders have fewer requirements and are easier to get. Find here the best personal loans in the US.

A note about ITIN personal loans for business purposes:

You may try to get a personal loan instead of a microloan to finance your business. However, that’s not a good idea!

Accountants always tell their clients to NEVER commingle funds because it’s harder to keep track of expenses and qualify for tax deductions. 

Additionally, personal loan proceeds don’t build business credit history. As your business grows, so does your need for larger amounts of money. By not establishing credit in your business’s name, there’s a reduced chance that a lender will loan your company money.

Business Loans with ITIN Number

Unfortunately, established brick and mortar banks do not routinely offer ITIN bank loans but limit lending to those who have social security numbers.  

But as we previously mentioned, there are alternative lenders that offer small business loans to applicants that only have ITIN.

Keep reading to learn more about the options you have available.

Credit Cards with ITIN Number

You can get credit cards even if you only have an ITIN. Here are some examples:

  • Bank of America and Citibank require that you visit a branch office to apply for a credit card when you are an ITIN holder.
  • Credit card issuers such as Capital One indicate they accept an ITIN, but their application only has SSN entry. Contact them to get more information.

You can learn more about credit cards for people without an SSN on the following article:

The best credit cards without SSN

Camino Financial's loans with itin number

The Best Business Alternative to Bank Loans with ITIN Number

Discouragement can set in when you can’t obtain ITIN bank loans. 

However, Camino Financial offers business loans to clients without an SSN

In fact, we help the immigrant community obtain finances when other financial institutions turn them down simply for not having a traditional taxpayer identification number.

Getting a business loan with an ITIN number is super easy with us!

Want to learn more about the products we offer as well as our requirements and benefits? Keep reading!

We offer small business loans from $5,000 and up to $400,000 with interest rates averaging between 12% to 40% repaid in 24 to 60 months. The best thing is that your funds are available in as fast as 2 days. 

Camino Financial has fewer requirements as compared to traditional banks. :

  • Your business must have been in operation for at least 9 months
  • Have annual sales of at least $30,000
  • Have no past due payments on debt obligations

And, we’re proud to offer these benefits: 

  • Fixed loan terms and payments
  • Ability to qualify for a more significant loan amount at a lower interest rate after 8 months of loan payments
  • Collateral not required
  • No prepayment penalties
  • Quick deposit of funds into your bank account
  • A free subscription to our financial newsletter

businessman smiling because he received a loan using his businesses itin number

Get a Small Business Loan Using your ITIN

Having an ITIN gives you access to products and services that are otherwise unavailable. For example, ITINs provide documentation when you need to rent space, purchase supplies, and run your business in the U.S. Not only that, you can use your ITIN to apply for a business loan to finance your business

And while there are only a few banks that accept ITIN numbers when applying for a loan, there are lenders like Camino that are willing to help you.

Our company finances companies that only have an ITIN and haven’t established a credit history. That’s pretty rare and reflects our core business goal, “No Business Left Behind.” 

Apply for a business loan today!


Bank Loans with ITIN Number: FAQs

Can I get a personal loan with an ITIN number?

Yes, you can! You can either choose a bank (like Wells Fargo or US Bank), but they usually have stringent requirements. So instead, we recommend applying with an online lender: they can give you as much money and have fewer requirements.

Here’s a list of the top 15 personal loans.

How to check my credit score with ITIN?

Checking your credit score is possible if you only have an ITIN. 

You can get a free credit report with Credit Sesame adding your ITIN instead of an SSN when you register.

Because you don’t have an SSN, you might have to provide additional information to help confirm your identity.

How to get a loan with an ITIN number?

Getting a business loan with your ITIN is super easy! You just need to follow these 3 simple steps:

  1. Complete an online application and get pre-approved
  2. Submit your financial records and get approved
  3. Sign your contract and receive your money!


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