Council Tenant Loans: Easy Money to Help your Need

By: George Kane

If you have been living as a council tenant and do not have any asset that you can pledge when a need of money strikes you, what possible option will you take up? will provide you with the opportunity through which you can get the money that can solve your monetary needs.

With these loans, the people who have been living as tenants do not face any problem in acquiring the money as they are not required to pledge any assets with the lender for the money. it is borrowed totally unsecured. The money can be used by the borrower for fulfilling any personal needs that arise for him like car purchase, debt consolidation, home improvement, wedding expenses, educational expenses, vacation travel etc.

The tenants are not required to pledge assets for these loans but however they should be regularly employed since the last 6 months to get the loan approval. Also, they should be living as tenants since the last 3 months at that residence. A current bank account at least 6months old is also important for all transactions. Only borrowers over 18 years of age and nationals of the UK are allowed to take up these loans.

The borrowers have the liberty to borrow an amount in the range of ?1000-? 25000 for their needs. The monthly cash inflow of the borrower plays a very important role in deciding the amount that they can borrow as the repayment ability of t he borrower is considered.

Due to collateral-free nature of these loans, there is some amount of risk attached to these loans where the repayment is concerned. To lower the risk, the borrowers are charged a higher rate of interest. Online research can help in obtaining lowered rates. This is due to the stiff competition that exists online.

With council tenant loans, the borrowers obtain a great way to borrow money in which they are not even required to pledge any assets and can still enjoy the fulfillment of their personal needs.

Tenant Loans
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