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Tenant Loans: Loans for Non Property Holders

Tenant loans are unsecured type of loans meant for people who do not own their own property e.g. those living with their parents or those paying rent to a landlord. These loans can be used for just about anything from buying a new car to home improvements.
Online tenant loans:
These are special tenant loans for non-home owners irrespective of whether you are a council tenant, housing association tenant, private tenant or living with your parents.
The loan is given irrespective of your credit circumstances. The brokers and lenders will find a loan that suits the clients. It cannot be guaranteed that you will be given a Tenant Loan but you will be treated with respect throughout the processes. The rate of interest varies from 7.7% to 18.3% APR.
Tenant loans are an easy and manageable source of money. The cash can be used for any purpose e.g. debt consolidation, buying a car, for holidays, on your home etc. The repayment period is between 3 – 25 years. For extra peace of mind you can take protected payment plans. Living in a Housing Association Property will not get you any security. All loan enquiries are dealt on a case-by-case basis.
However, person’s chances of getting a loan are increased if he can answer Yes to most of the following:-
1. You currently have a salaried employment
2. Have lived at the current address for over 12 months
3. Have your own UK bank account
4. Have a savings account and making regular payments to it
5. You have a credit card to which you make regular payments
6. You have no rent arrears, history of bankruptcy or CCJ’s (Country Court Judgments)

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This entry was posted on Sunday, August 17th, 2008 at 11:00 pm and is filed under Debt Consolidation, Other. You can follow any responses to this entry through the RSS 2.0 feed. Responses are currently closed, but you can trackback from your own site.

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