Are you looking for a residence? If yes, then tenant loans can help you solve your crisis. Tenants are those people who do not have their own house and are staying in the houses owned by the city council.
Generally, loans for tenants are unsecured loans. For unsecured loans, the borrower is offered an amount ranging from 1000 to 25000 will be offered and the time period given will be from 1 to 10 years .The borrower will have to pay the amount in the given period of time.
Since tenant loans are unsecured loans they do not have to place any collateral.
The main advantage is that the people with bad credit history can also apply for these of loans. This reduces faxing and paper work and is less time consuming.
The disadvantage of unsecured loan is that a borrower does not have to place any collateral and so a high rate of interest is been charged. The borrower has to show a good employment status and a steady income to the lender.
You can also use these finances for your other needs like paying your electricity bills, telephone bills, educational fees and all the expenses which are yet been pending.
Eligibility criteria:
A person should be a citizen of UK.
A person should have a current bank account.
A person should be minimum 18 years of age.
A person should earn minimum salary of 1000.
The online procedure is very simple. All the borrowers have to do is just fill the submission form with the right information in it and within 24 hours the money will be transferred to your bank account.