Tenant loans - An Unbelievable Opportunity - For Tenants Only!


Visitors: 162

Good news for tenants! Now they can also access to loans market easily, as these days tenant loans are also available. For tenants, applying for a secured loan is not so easy. Since they do not possess any property thus they cannot use any thing as collateral against a secured loan. In such cases, tenant loan can be appropriate for them to finance their dreams.

As a sort of unsecured loans, tenant loans are available without any collateral. Thus a tenant easily can avail these loans. But the borrower’s credit history and repayment capacity will be judged by the lender at the time of offering tenant loans.

But for availing a tenant loan, borrowers have to fulfill the following criteria:

Fulltime employment

A direct debt card acceptance facility should be attached with borrowers’ bank account.

Presence of identification and residential proof.

And contact number- mobile or fixed.

With tenant loans, a borrower can borrow anything from £1,000 to £50,000 along with a flexible repayment period of 1 to 25 years. Here, the reader should be aware that due to the absence of security, lenders charge high interest rate with tenant loans. But one can make the interest rate in his favor by negotiating. Even, if the borrower’s credit history is good then he can avail these loans at flexible rate of interest.

Tenant loans can be used for various purposes like:

For consolidating debts

Investing for property(own house or other real estate)

Making a holiday trip

Repairing credit score

Wedding purposes

Buying new car and many more…

Seeming profitable…isn’t it? But do remember that you will have to submit three years accommodation and address details and three years employment history along with a tenant loan application. Thus, if you change your abode or job recently, then you may have to face some hurdle at the time of availing a tenant loan.

At the same time, individuals are advised to check their repayment capacity at the time of availing a tenant loan. Still, the risk of collateral repossession is not attached with these loans, but in case of failing to repay the amount, lenders can jeopardize borrowers life by taking some legal steps.

Tenant loans are available for all sorts of tenants- council tenants, housing association tenants, MOD tenants, private landlord tenants, living with parents, housing executive tenant etc. These loans are providing them a chance to shape their dream and set it in the realm of reality.

Amanda Thompson holds a Bachelor’s degree in Commerce from CPIT and has completed her master’s in Business Administration from IGNOU. She is working as financial consultant for chanceforloans . To find a Bad credit tenant loans, Personal loans, Tenant loans , Online personal loans, Bad credit Personal loans UK, Mortgage at cheap rates that best suits your needs visit http://www.chanceforloans.co.uk .


Article Source:

Rate this Article: 
Instant Tenant Loans - Chance For Tenants to Get the Benefit
Rated 4 / 5
based on 5 votes

Related Articles:

Tenant Loans - Great Loans For Tenants, Collateral-Free

by: Peter Darwin (January 01, 2008) 

Tenant Loans - Financial Help For Tenants

by: Rober Jaxson (January 16, 2009) 
(Finance/Unsecured Loans)

Tenant Loans UK - Cash Help For Tenants When in Need

by: Mathew C Kenny (July 11, 2008) 

Unsecured Tenant Loans Loans For Tenants Without Security

by: Mathew C Kenny (September 20, 2008) 

Tenant Loans Uk - Financial Backup For Tenants

by: Mathewc Kenny (June 08, 2007) 

Tenants Can Smile in Financial Needs With UK Tenant Loans

by: Joan Broxson (July 30, 2008) 
(Finance/Unsecured Loans)

Tenant Loans - Ideal For Tenants and Non Homeowners

by: George Kane (July 07, 2008) 

Unsecured Tenant Loans - Money For Tenants

by: Braden Fred (March 23, 2007) 

Unsecured Loans for Tenant - A Helping Hand for the Tenants

by: Mathew C Kenny (April 14, 2008) 
(Finance/Unsecured Loans)

Instant Tenant Loans - Chance For Tenants to Get the Benefit

by: Richard Pasic (June 10, 2008)