Tenants are basically those People who live in the houses owned by the city committee or non- homeowners .So in these situations you can take the help of tenant loans which can be a solution to your troubles.
Mainly loans for tenants can be in unsecured loans. In this the borrower will be specified a quantity ranging form 1000 to 25000and the time period given is for 1 to 10 years. Here the borrower has to pay the repayment amount in the given period of time.
The borrower does not have to put his belongings or asset as collateral. While the borrower does not have to place any collateral, so there is no risk for the borrower. The advantage in this type of finance is that you can obtain cash easily since, there is no faxing and paper work done. A person with bad credit history also can apply for this finance.
As the borrower do not have to place any property or asset he will be charged a high rate of interest. The borrower will have to show a good employment status and his income proof to the lender. If the borrower repays the amount in the given period of time then he will remain out of debts.
The eligibility criteria:
He/she should be a citizen of UK.
He/she should be employed with a minimum salary of 1000.
He/she should above 18 years of age.
He/she should have a correct bank account.
You can apply for the online procedure. It is very effortless and easy. All you need to do is fill the application form with the correct in it. You need not worry because within 24 hours the funds will be transferred to your account.