subject: Tenant Loans – New Unsecured Way Of Borrowing [print this page] Tenant Loans New Unsecured Way Of Borrowing
Unsecured loans are very rare these days. No lender wants to grant a loan to a person without any collateral. It increases the chances of defaults for them. But there are some lenders who today also provide such loans. These are specially designed for those needy persons who do not have their own home or any other property to keep with the lender. These people may go for tenant loans.
Tenant loans are small loans which are designed for the persons who do not have any asset with them to pledge. These are very quick loans. The amount of such loans is dependent upon the value of the asset pledged. In most of the cases, the amount is very low. It may be around 1000 pounds. This amount is generally offered for a very short span of time. The time period may go from 2 to 3 weeks.
Presently such loans are offered only to the permanent citizens of UK. A person should have attained an age of 18 years before he or she may apply for such loans. He or she should also have a valid bank account in any bank if he or she wants to go for such loans. It is this bank account which will be credited by the loan amount once it is approved by the lender.
A person may also apply for such loans via internet too. It is the fastest way to get the loan approved. Here a borrower has to just click on the website of the lender and enter all his or her details there. If everything is found correct the loan will be approved instantly without much stress. These all features make such loan very attractive way of borrowing.
