Unsecured Tenant Loans: Risk Free Way of Getting Extra Cash

By: Mathew Kenny
An introduction:

If you don't have your own home and you live in a rented house and need some extra finance to solve your personal needs then unsecured tenant loans are the most promising option. These loans are especially designed for tenants who don't have their home to offer as security and are in dire need of some extra finance. These loans are granted seeing your present repaying capacity which is evaluated considering your level of income and expenditure. These loans are also available for tenants who suffer from CCJ's, IVA, bankruptcy or any default payments.

Various facts and figures:

Unsecured tenant loans are given without keeping any collateral so there is no risk involved in borrowing it. In order to avail these loans you must fulfill prerequisites like you must be a U.K. resident, must be living at your present address 6 months, employment proof and a bank account. The loan is granted as soon as the above requirements are satisfied. The loan amount approved ranges from ?1000 to ?25,000 for a repayment period of 6 months to 10 years. The interest rate is higher than secured loans but you can get a cheap loan after proper market search.

For bad creditors the chances of getting loan is less but not negligible and they may be charged more interest for lenders satisfaction. The repayment of unsecured tenant loans is done in monthly installments and you must be punctual in it. In case of failure your interest rate climbs further and also creditability takes a sever beating. These loans are also available online; so you can get the money faster as time in searching a lender and approval of loan is much less. Further you can improve your financial condition and credit history by using the loan amount efficiently and repaying in time.

Unsecured Loans
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 
 • 

» More on Unsecured Loans