The loanable amount may vary depending on the annual income. Some banks may allow a foreigner to borrow from $1,000 up to $250,000. They will require a minimum annual income of at least $40,000.

Sometimes, getting a personal loan on banks can be a tough one for foreigners. This is the reason why there are moneylenders who offer personal loans with minimal requirements. They can borrow from $1500 up to 6 times their monthly income.