LendKoi
S. S. credit score or credit history.
- Financial Technology
Funding
Funding not disclosed
Founders
Founder details are not available yet.
Product
Problem
Immigrants and newcomers to the U.S. often lack a domestic credit history or credit score, which prevents them from accessing traditional personal loans and credit cards. This forces them to rely on high-interest alternatives or limited credit lines, slowing their financial integration and limiting their ability to make major purchases or handle emergencies.
Solution
LendKoi is a financial platform purpose-built for immigrants and people new to U.S. credit, offering personal loans up to $10,000 without requiring a U.S. credit score. The company welcomes U.S. citizens, work visa holders (L-1, H1-B, O-1, E-1, E-2, E-3, TN, G-1, H-4) and green card holders, providing a fast, simple application with no hard credit check and no impact on credit score to check offers. Loans feature competitive rates, fixed monthly payments, flexible fund usage, and no prepayment penalties, with funds deposited in 1-3 business days after approval. Borrowers can also build their credit profile through timely repayment, and the platform offers AutoPay with lower rates for added convenience.
Target Audience
Primary customers are immigrants, expats, and newcomers to the U.S. credit system, including professionals on work visas (H-1B, L-1, O-1, TN, E-1/E-2/E-3, G-1, H-4) and green card holders who have limited or no U.S. credit history.
Features
- Loan amounts up to $10,000 with no U.S. credit score or credit history required
- No hard credit check; checking loan offers does not impact credit score
- Competitive APRs, with example rates around 14.99% compared to 23.99% average credit card APR
- Fixed monthly payments with no prepayment penalties; repay early without extra fees
- AutoPay feature for convenience and reduced interest rates
- Quick approval process with decisions within 1 business day and funds deposited in 1-3 business days
- Eligible visa categories include L-1, H1-B, O-1, E-1, E-2, E-3, TN, G-1, H-4 (with EAD), plus green card holders and U.S. citizens
- Encrypted and secure application process protecting user data from start to finish