How to Get a Work Visa Finance Loan

A work visa is a temporary permit to work in one country. Most work visas are tied to specific jobs and employers. In the US, H-visas are usually available to people working in professional positions such as business analysts, software engineers, accountants and finance specialists.

Many foreign nationals come to the US on student visas, such as F-1, that permit them to live in the country while they attend school. They often move on to an H-1B work visa after graduation. The H-1B visa is subject to a lottery, and employers must submit applications by April of each year to sponsor a worker for the visa.

If you have a job lined up and your employer has applied for an H-1B visa on your behalf, it’s possible to switch jobs while on the visa. However, the process requires special paperwork. You’ll also need to meet certain requirements, such as having a minimum of two years left on your current visa.

Most lenders require that you have a steady income, and you must be able to comfortably make loan repayments. For this reason, it’s not usual for work visa holders to be offered a home or car loan. However, you may still be able to obtain short-term credit such as in-store and credit cards. work visa finance