Tenant Loans: Way to Combat Financial Crisis

By: Mathew Kenny

An Introduction to Tenant Loans
It is human nature to be extravagant in case there is a plenty of money in hand. In course to enjoy every moment we forget about the future and are often entrapped in deep financial crisis. The situation worsens if you find nothing to keep as collateral to secure a loan. Well, tenant loans are savior in disguise to help you out in these testing situations. These loans are granted to those who don't have any home to offer as collateral. As the risk is high towards the lender side the interest rate is a bit high to counter the same.


Familiarizing with Tenant Loans
Since nothing is kept as collateral, some information is required to assure lender about repayment. You should have a bank account in UK, must have lived at least for 12 months at your current address, have a paid job, have a saving account which is paid regularly and have a credit/ store card. A good credit history provides immense help in approval of these loans. The loan amount varies from ?500 to ?25,000 with an interest rate varying from 7.7% APR to 18.3% APR.
Benefits of Tenant Loans
tenants loans provide you some extra cash in need which can be used for any purpose such as for debt consolidation, buying a car, planning a holiday trip or for home improvement. One of the major benefits of tenant loans is that through a single monthly payment you have a greater control on your budget. Also the repayment period of 3 to 25 years help you to improve your financial status. In addition the protected payment plan on tenant loan will provide you extra space in use of your money as the repayment is made a lot easy. In short with tenant loans you can manage your needs without any mental stress.

Tenant Loans
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