Tenant Loans - Loans For Non Property Holders

Posted on November 26th, 2008 | by John Glenn |

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Tenant loans are unsecured type of loans which are especially crafted 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 utilized to meet several needs like from purchasing a new car to home improvements.

Online tenant loans:
These are particular 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 provided despite considering of your credit situations. The brokers and lenders will find a loan that go well with the clients. It cannot be guaranteed that you will be provided 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 convenient source of money. The cash can be used for variety of purposes like debt consolidation, buying a car, for holidays, on your home etc. The repayment period of the loan is between 3 - 25 years. For extra peace of mind you can take protected payment strategies. Living in a Housing Association Property will not acquire you any security. All loan enquiries are dealt on a case-by-case basis.

However, person’s possibility of entailing a loan is increased if he can answer Yes to most of the following:-

1) You presently have a salaried employment
2) Have lived at the present 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, defaults etc.