subject: Tenant Loans For Low Income - Designed For Non-homeowners [print this page] If you are a tenant and need finance for tackling your fiscal requirements, then taking an advance will the last resort for you after friends and relatives. If you are taking an advance, then there are some advances which are given to people who have a stable income. For this purpose, tenant loans for low income are framed out. These advances are designed for those who do have their own house.
You can utilize the amount for any of your personal or household needs. The needs include medical expenses, debt consolidation, bearing wedding expenses, and so on. Tenant loans for low income are unsecured and hence the amount you can fetch in this advance extends from 1000 to 25000 and the repayment duration ranges from 1 to 25 years. This amount has to be repaid along with the rate of interest.
This advance is beneficial for those who are paying guests or non-homeowners. They are designed for those individuals who have limited earnings. You do not have to worry about placement of security in this credit facility.
The candidate has to fulfill certain eligibility criteria for availing this advance. The criteria are that the candidate must be above the age of 18, he/she should have a stable bank account, he/she must have a fixed source of income and he/she must be a UK resident.
You can avail this facility through the online mode also. You can make an application for this advance. After that, the lenders check the details. The amount is then credited into your account. This mode is very easy to apply and approved within less time.
